Explanation

The sugar industry is the second largest agro-based industry in Pakistan after textiles.

It plays a vital role in the rural economy by supporting millions of farmers and employing thousands in sugar mills.

Explanation

Fitch Ratings upgraded Pakistan's credit rating from 'CCC+' to 'B-' in April 2025, citing several key factors:

• Improved Fiscal Discipline: The government's efforts to narrow budget deficits and implement structural reforms under the IMF program contributed to the upgrade.

• Structural Reforms: Pakistan's commitment to implementing structural reforms, including agricultural tax legislation and fiscal consolidation measures, was recognized by Fitch.

• Economic Indicators: Positive economic indicators, such as a reduction in the government debt-to-GDP ratio and improved fiscal performance, supported the rating upgrade.

Explanation

The Fitch Indicator survey primarily provides insights into economic trends, particularly related to global markets, economies, and financial stability. 

Explanation

According to historical sources, when India was partitioned in 1947, approximately 33% of the British Indian Army's officer corps was allocated to Pakistan. 

Explanation

Pakistan's largest exports go to the United States.

the most common destinations for exports in Pakistan are the:

United States ($5.51B)

China ($3.25B)

Germany ($2.53B)

United Kingdom ($2.21B)

United Arab Emirates ($1.28B)

Explanation

According to the Economic Survey 2023-24, Pakistan's per capita income increased to $1,680, up from $1,551 the previous year. 

This 8.3% rise was attributed to improved economic activity and a stable exchange rate.

Explanation

Explanation

As of June 2024, Pakistan’s total public and guaranteed debt reached approximately Rs. 74.013 trillion.

This figure represents a significant rise, mainly due to currency devaluation and fiscal deficits.

Explanation

 Punjab has established 10 Special Economic Zones. 

The 10 SEZs in Punjab include

1. JW China-Pakistan SEZ,
2. Allama Iqbal Industrial City,
3. Rahim Yar Khan Industrial Estate,
4. Bhalwal Industrial Estate,
5. Vehari Industrial Estate,
6. Rachna Industrial Park
7. M3 Industrial City
8. Value Addition City
9. RYK Industrial Estate
10. Quaid-e-Azam Business Park

Explanation

 At the time of the 1947 partition, Pakistan inherited a very small portion of the cotton industries in the subcontinent.

Specifically, it inherited only 16 out of the 921 industrial units that existed, and these mainly focused on cotton textiles.