At what point in time was the Pakistan Mineral Development Corporation founded?
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Answer: C. 1974
Explanation
The Pakistan Mineral Development Corporation was founded by the government in the year 1974. State legislation established the corporate entity to oversee mineral resource exploration and extraction. Official establishment records confirm 1974 as the exact year of its corporate inception. The corporation operates under public sector oversight to develop the country's diverse mineral wealth. Activities include surveying coal, salt, gemstone, and metal deposits across various provincial regions. Mining ventures aim to boost industrial self-reliance and generate employment opportunities locally.
Developing domestic mineral resources is vital for reducing import dependence and fueling industries. Government-backed corporations play a central role in managing complex geological survey operations. Sustainable resource extraction contributes significantly to regional economic development in remote areas. 1979 marks a later period of industrial policy adjustments rather than the founding year. 1981 falls outside the initial decade when this state corporation was originally established. 1978 is incorrect since the official corporate launch took place four years earlier.
- Subject
- Pakistan Studies
- Category
- Pakistan Studies
- Topic
- —
- Difficulty
- medium
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