current affairs MCQ #4896

Pakistan's GDP growth rate fell sharply in the fiscal year 2022-23 primarily due to:

current affairs MCQ #4896

  1. Question 1

    Q1. Pakistan's GDP growth rate fell sharply in the fiscal year 2022-23 primarily due to:

    • A) A major earthquake hitting Islamabad
    • B) Devastating floods and economic stabilization measures
    • C) A complete halt of CPEC projects
    • D) Collapse of the banking sector

    Answer: Devastating floods and economic stabilization measures

    Explanation: Pakistan's GDP growth collapsed to about 0.3% in FY2022-23 due to the catastrophic 2022 floods, which devastated agriculture and infrastructure, compounded by tight IMF-mandated stabilisation policies.