SKOOLYST Pakistan - Find Best Schools Near You

Q

Medium 1 Mark

General Knowledge Economy of Pakistan

Why does Pakistan import petroleum and oil products?

A To re-export at profit

B Because local production is insufficient for energy needs in transportation, electricity, and industries

C To store as strategic reserves only

D Because petroleum is cheaper abroad

Explanation

Pakistan imports petroleum and oil products because local production is insufficient to meet the country's energy demands for transportation, electricity generation, and industries.

Reference: Economy of Pakistan - General Knowledge , Page 3

Hint

Pakistan's domestic oil production meets only a fraction of its needs.

Explanation

Hint

Similar Questions

Which crop is considered the most important food crop in Pakistan?

Which institutions besides banks are part of Pakistan's financial system?

How does the banking system help the economy function?

What is the balance of trade?

Which fruit is NOT among the important fruits produced in Pakistan?