Explanation

• Major organizations providing financial assistance to Pakistan are the IMF
• Pakistan officially became a member of the IMF on July 11, 1950.
• IMF stands for International Monetary Fund.

Last updated by NA on 23-April-2026

Explanation

• Pakistan’s Five-Year Plans are prepared to guide national economic development.
• The main institution responsible is the Planning Commission of Pakistan.
• It sets development goals for industries, agriculture, and infrastructure.
• First Five-Year Plan – 1955–1960

Last verified on 10-04-2026

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