Explanation

• When a country sells its surplus goods to other countries (foreign), it is called export.
• Cotton cloth is a common export product in many countries.

Additional information:

• Import – Buying goods from foreign countries into home country
• Domestic trade – Trade within the same country
• Pakistan’s major exports: textiles, rice, sports goods, leather

Last verified on 10-04-2026

Explanation

• The damage of the flooding was ₨3.91 trillion (US$14.9 billion)
• The economic loss was ₨3.99 trillion (US$15.2 billion).
• World Bank. led a $1.5 billion aid package for Pakistan’s flood relief efforts

Explanation

• Decimal Coinage in Pakistan: Introduced on 1 January 1961 to simplify currency calculations.
• Based on the Rupee, divided into 100 paisas.
• 1961: 1, 5, 10 paisa coins issued
• 1963: 25 and 50 paisa coins issued
• First coins ever: 1948

Last verified on 03-04-2026

Explanation

• Rs. 5000: Faisal Mosque
• Rs. 10: Khyber Pass
• Rs. 100: Quaid-e-Azam Residency
• Rs. 500: Badshahi Mosque
• Rs. 1000: Islamia College Peshawar

Additional information:

• Pakistani currency notes feature important national landmarks on the back side.
• The State Bank of Pakistan issued first banknotes on 1 October 1948.
• Printed by: Thomas De La Rue & Company (UK)

Last verified on 01-04-2026

Explanation

• In 2004, Pakistan launched the National Program for Improvement of Watercourses (NPIW).
• Project cost: Rs. 66 billion (initial estimate).

Additional information:

• The project covered approximately 86,000 watercourses across Pakistan.
• Seepage and conveyance losses account for 40–50% of water loss before reaching crops.
• Objective: Minimize water losses, improve irrigation efficiency, and support agriculture.

Last verified on 11-02-2026

Explanation

Money circulation in Pakistan is controlled by the State Bank of Pakistan (SBP)

The State Bank of Pakistan (SBP) is the central bank of the country.

It controls money supply, inflation, and circulation in the economy.

Explanation

• Agriculture contributes a major share to GDP (around one-fifth).
  • Provides raw material to textile and sugar industries.
  • Employs a large portion of the rural population.
  • Major crops: Wheat, Cotton, Rice, Sugarcane, Maize.
  • Irrigation mainly comes from the Indus River system.

Last verified on 05-02-2026

Explanation

• Main Cause: Circular debt & mismanagement
• Other Factors: Inefficient power plants, transmission losses, delayed payments
• Impact: Frequent load shedding, industrial slowdown
• Energy Gap: Pakistan’s demand often exceeds supply by 4,000–5,000 MW
• Affected Areas: Nationwide, including rural and urban regions

Last verified on 02-02-2026

Explanation

The SECP is the regulatory authority of the Pakistan stock market

SECP  stands for Securities and Exchange Commission of Pakistan

Functions: It supervises securities markets, non-banking financial companies (NBFCs), insurance companies, and private pension funds.

Objective: To protect investors and foster economic growth. 

Explanation

Pakistan was granted GSP+ status by the European Union (EU) on January 1, 2014

After the country had ratified 27 international conventions

GSP+ (Generalised Scheme of Preferences Plus) 

 It was approved in late 2013