Which of the following statements is true?
Statement 1- The reason for slow-down of growth and re-emergence of poverty in Pakistan's economy, in 1990s was that rise in food supply was not based on institutionalised process of technical change but on good harvest.
Statement 2- In Pakistan most foreign exchange earning came from import and export of industrial goods.
Answer & explanation
Correct answer: option 1
In Pakistan most foreign exchange earnings came from remittances from Pakistani workers in the Middle-east and the exports of highly volatile agricultural products