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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

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