Subjects: SSt (Grade 4)
Goods which a country sells to other countries
mango orange
Sports equipment
Carpets
Goods that a country gets from other countries
potato onions
Exports should be equal to imports This is called balance of payment. imports exports
When a country`s imports are more than its exports It has to borrow money. This upsets the balance of payment. When a country`s imports are more than its exports It has to borrow money. This upsets the balance of payment.
When balance of payment is upset Imports are greater than exports. We borrow money
First large iron and steel plant, Pakistan steel was started in 1973 with Russian help Heavy equipment is made at a factory in Taxila which was set Up with Chinese help in 1970 Pakistan Machine Tool Factory in Karachi was Set up with Swiss help in 1968