Explanation

presented by Revenue Minister Hammad Azhar on 11 June 2019 at the National Assembly with a total outlay of ₨. 7.022 tn.

The Federal budget 2019–20 is the federal budget of Pakistan for the fiscal year beginning on 1 July 2019 and ending on 30 June 2020.

Explanation

The National Finance Commission laid the foundation for the equal distribution of revenues between the federal and four provincial governments of Pakistan

NFC is a series of planned economic programs in Pakistan enacted since 1951.

Constituted under the Article 160 of the Constitution

Explanation

Explanation

At the time of division, there was a cash balance of 4 billion rupees in the Reserve Bank of India which was to be divided between India and Pakistan in the ratio of:

17 to India

and 5 to Pakistan.

Pakistan was to receive 750 million rupees, which was initially delayed by the Indian Government.

ND22-7-2023

Explanation

• China Pakistan Economic Corridor is a framework for regional connectivity. CPEC  not only benefits China and Pakistan, but also has a positive impact on Iran, Afghanistan, the Central Asian Republic, and the region.
  
• CEPAC Established in 22 May 2013 (9 years ago)
• Budget China Development Bank
• Asian Infrastructure Investment Bank
• Silk Road Fund

Explanation

Pakistan to get $ 1.5 billion international aid to tackle coronavirus outbreak.

This bill included $1.5 billion in annual assistance to Pakistan from 2009 through 2014

but required the Pakistani government to take certain steps to fight terrorism within the country in order to receive the funds

Explanation

The Federal budget 2020–2021 is the federal budget of Pakistan for the fiscal year beginning from 1 July 2020

ending on 30 June 2021.

The budget was presented in Parliament by Federal Minister Hammad Azhar

It is also called the Corona budget

The total size of the budget is Rs. 7136 (US$25) billion.

Rs. 1289 (US$4.50) billion for defense

,Rs. 83.3 (29¢ US) billion for education

Rs. 70 (24¢ US) billion were allocated for preventing coronavirus,

Rs. 80 (28¢ US) billion for special economic zones

Explanation

Top Importer of Pakistan fiscal year (2020-21)

1.           China

2.           United Arab Emirates (UAE)

3.           Singapore. 

Petroleum is the largest-import item of Pakistan

Explanation

In May 2023, the 56th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) was held in Incheon, South Korea.

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 All Question About " Asian Development Bank "

 full form of ADB: Asian Development Bank 

The headquarter of the Asian Development Bank is in Manila

Asian Development Bank was established on December 19, 1966

Membership: 68 countries

Explanation

The first round of talks between Pakistan and the International Monetary Fund (IMF)

held in the federal capital on Tuesday

to strike a staff-level agreement on the ninth review under the $7 billion Extended Fund Facility (EFF)

ND7-5-2023