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Topic: Trade & Aid

Worksheet Name: Safwan Chowdhury


Grade: 8 Section: C
Subject: GP
Marks- 15 Date: 15/1/2024

A. Writer the answer of the following questions-

1. Find out one crisis The ongoing economic crisis in Pakistan (2022-present).
(regional) and write why I have chosen this crisis as it is a major economic crisis that is pertinent to
have you chosen it? - ongoing crises in Pakistan.
2marks
2. Explain the causes and There are a innumerable amount of causes for Pakistan’s current economic
consequence of that crisis. state, included but not limited to-
4 marks - Poor governance:
The poor governance in Pakistan can be boiled down to one issue- corruption.
- Low productivity per capita:
Low productivity per capita means a low economic output per individual.
- Excessive external Borrowing
Debt in Pakistan has consistently doubled every 5 years for the last 25 years, going
from 11 Billion USD in 1999, to 220 Billion USD in 2022.
- Recent floods:
The floods were caused by heavier than usual monsoon rains and glaciers melting.

The issues above cause these consequences:


- Poor governance:
Incessant corruption causes unsustainable growth and this can lead to economic crisis.
- Low productivity per capita:
Low productivity per capita leads to reduced total economic output and a decrease in the
countries GDP.
- Excessive external Borrowing:
Excessive external Borrowing causes a Balance of Payments crisis which leads to
inflation.
- Recent Floods:
The losses from the floods stand at an estimated 10-40 Billion USD, which impacted the
economy greatly and was one of the main factors in the current crisis.

3. Resolution/Solution that
has been already taken to To combat the current economic crisis, Pakistan is introducing additional
solve that crisis - 2 mark taxes, cutting spending in their development budget, and hiking its interest
rate.

4. Which of the basic needs


are most at risk Food and Water, Electricity, Oil, Gas.
(Due to this crisis)? – 1
marks
5. What type of aid can be Countries can aid with Food, Shelter, Water, and sanitation due to the
provided during that crisis? recent flood, or Monetary aid to alleviate the crisis
– 1 mark

6. Mention the name of any


two NGO (non-government HANDS Pakistan
organization) who can Akhuwat Foundation
provide aid for this crisis?
2 marks
7. Mention the name of any CDRS (Comprehensive Disaster Response Service)
two international UNICEF
organizations who can
provide aid for this crisis. –
2 marks
8. Mention the name of any 2 BRAC
national Bangladesh Disaster Preparedness Center
(Bangladesh) aid
organizations. 1 marks

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