Question

UK
Questions and Activities
2.
1 Why is it important for a country to balance its exports and imports?
Get a copy of an English newspaper and look at the financial section. You should find
a table of that day's currency exchange rates. How many rupees would you get for
US$10, £10 sterling, 50 Saudi riyals, 100 Japanese yen, 50 Iranian rials, 10 Singapore
dollars, and 10 euros?
3 Find out and list the raw materials that Pakistan imports for its industries. Also list the
finished products that are imported from abroad into Pakistan.
4 How have Pakistanis working abroad helped the economy?​

Answer 1

Answer:

Pakistan remittances serve as a catalyst for investment in the country, which in turn induces a cycle of growth-promoting production, exports, consumption, income, and further investment in turn. The Pakistan remittance initiative was set up with this in mind.