Which global 1970s economic event affected Pakistan’s import costs?
AThe 1973 oil crisis
BThe Great Depression
CThe Bengal Famine
DThe dot-com bubble
Explanation
– It affected many oil-importing countries at the time.
– It came during a period of broader economic restructuring in Pakistan.
– Oil prices rose sharply worldwide.
Exam Relevance
- Topic: General
- Subtopic: General
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