On February 17, 2019, Pakistan and Saudi Arabia formalized bilateral economic agreements valued at___________.
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Answer: B. $20 billion
Explanation
Pakistan and Saudi Arabia signed bilateral economic agreements valued at twenty billion dollars. The historic deals were formalized during a high-profile state visit by the royal crown prince. Economic investment records confirm the total value matches option B. Bilateral economic agreements stimulate infrastructure development, energy projects, and trade. Foreign direct investment helps stabilize developing national economies facing fiscal deficits. Strategic partnerships between oil-rich nations and developing states foster regional cooperation.
Large-scale financial investments create jobs and modernize critical industrial sectors locally. Diplomatic visits serve as catalysts for signing multi-billion-dollar commercial contracts. Economic cooperation agreements strengthen long-term political alliances between partner governments. Option A suggests a lower investment figure that fails to match the signed agreements. Option C overstates the total financial value negotiated during the state visit. Option D proposes an unrealistic forty billion dollar figure not supported by economic records.
- Subject
- Current Affairs
- Category
- World Current Affairs
- Topic
- —
- Difficulty
- medium
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