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