Explanation

Pakistan's official response to the increased U.S. tariffs was not to impose retaliatory tariffs but rather to engage in diplomatic negotiation and explore alternative strategies.

Explanation

Pakistan’s EEZ extends 200 nautical miles from its coastline.

Within this zone, Pakistan has exclusive rights over marine resources and economic activities.

Explanation

The salaried class contributes most to income tax through payroll deductions.

Other sectors like agriculture and small businesses often have lower tax compliance.

Explanation

There are five major crops namely:

1. Cotton
2. wheat
3. rice
4. sugar cane
5. maize

Cotton is the most important cash crop in Pakistan in terms of area and value addition.

After Wheat, Rice is the second main staple food crop

Rice second major exportable commodity after cotton.

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nd12-2022

Explanation

According to the Economic Survey of Pakistan 2022-23, the GDP growth rate of Pakistan for the financial year 2023 was 0.29%.

This rate indicates significant economic challenges during that period.

Explanation

Under the Watan Card scheme, each flood-affected person received Rs. 20,000 as financial assistance from the government.

Explanation

The most recent annual inflation rate in Pakistan was 6.24% as of October 2025.

This is an increase from the previous month's rate of 5.61% and represents the highest rate in about a year. 

Explanation

According to reports, the stock of circular debt in the power sector in Pakistan stood at Rs 2.396 trillion by the end of March 2025

Pakistan's power sector circular debt was around Rs. 2.636 trillion in early 2024 in May 2024.

The debt then decreased to approximately Rs. 2.467 trillion by September 2024 and dropped further to about Rs. 1.6 trillion by mid-2025. 

Explanation

According to the Economic Survey of Pakistan 2022-23, wheat production was recorded at 27.63 million tonnes in FY 2023.

This production level reflects challenges in the agriculture sector, affecting food security and export potential.

Explanation

The Financial year /tax year of Pakistan is starting from 1 July through 30 June.