CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
The Pakistan–Iran trade relationship is currently characterized by:
A. Considerable potential but persistent structural constraints
B. A complete absence of commerce
C. A single common market
D. An unrestricted currency union
Correct Answer: A
Neighbourhood and complementary products create potential, while sanctions and infrastructure gaps limit growth.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
Trade through informal channels can be reduced by:
A. Legal border markets and payment mechanisms
B. Closing all customs offices
C. Banning local employment
D. Ending road connectivity
Correct Answer: A
Formal market and settlement systems can shift trade from informal to documented channels.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
A major obstacle to formal Pakistan–Iran trade is:
A. International sanctions and limited banking channels
B. Lack of a common border
C. Absence of demand for goods
D. No diplomatic relations
Correct Answer: A
Sanctions and banking restrictions make payments and investment more difficult.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
The PTA's tariff concessions require compliance with:
A. Rules of origin
B. Military service
C. A common passport
D. A shared constitution
Correct Answer: A
Preferential treatment applies to qualifying originating goods.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
Which institution issues Pakistan's trade policy for the PTA?
A. Ministry of Commerce
B. Election Commission
C. Supreme Court
D. Pakistan Navy
Correct Answer: A
The Ministry of Commerce maintains the official PTA framework.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
The Reemdan border point was proposed for declaration as:
A. An international crossing under TIR
B. A nuclear facility
C. An international airport
D. A joint capital
Correct Answer: A
The 2024 joint statement supported its designation as an international TIR crossing.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
Pakistan and Iran agreed to fully operationalize TIR to promote:
A. Efficient and barrier-reduced trade
B. A common army
C. A shared electoral system
D. Closure of transport routes
Correct Answer: A
The joint statement linked TIR implementation with faster regional trade.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
The TIR Convention is intended to facilitate:
A. International road transit of goods
B. Nuclear inspections
C. University admissions
D. Maritime fishing quotas
Correct Answer: A
TIR simplifies and secures cross-border road transport and customs transit.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
Border markets are especially suited to trade involving:
A. Local agricultural and consumer goods
B. Intercontinental aircraft only
C. Nuclear materials
D. Large warships
Correct Answer: A
They are designed to support legal livelihood-oriented local trade.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
The 2024 joint statement called for barter mechanisms to be:
A. Fully operationalized
B. Permanently abolished
C. Limited to military goods
D. Transferred to the World Bank
Correct Answer: A
Both sides agreed to make barter arrangements operational.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
Pakistan and Iran have promoted barter trade mainly because of:
A. Payment difficulties and sanctions-related banking constraints
B. A shortage of agricultural products
C. A common currency already in use
D. A ban on all road transport
Correct Answer: A
Barter is intended to support trade where conventional banking channels are constrained.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
The bilateral payment mechanism was described as:
A. An additional mode of settlement
B. The only lawful mode worldwide
C. A permanent currency union
D. A cash-only prohibition
Correct Answer: A
It did not restrict the use of other permissible mechanisms.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
The 2017 payment mechanism was designed primarily to:
A. Facilitate bilateral trade transactions
B. Create a common currency
C. Finance military operations
D. Replace all commercial banks
Correct Answer: A
It provided an additional channel for settlement of permissible trade.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
The Iranian central bank is known in the SBP circular as:
A. Bank Markazi Jomhouri Islami Iran
B. Bank of Persia Limited
C. Tehran Commercial Authority
D. Iran Export Council
Correct Answer: A
The circular refers to BMJII, the Central Bank of the Islamic Republic of Iran.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
The State Bank of Pakistan and Iran's central bank devised a bilateral trade settlement mechanism in:
A. 2017
B. 2004
C. 1992
D. 2024
Correct Answer: A
SBP issued the mechanism in 2017 to facilitate settlement of trade transactions.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
The 2025 leadership discussions reaffirmed the objective of increasing trade from roughly US$3 billion to:
A. US$10 billion
B. US$4 billion
C. US$50 billion
D. US$500 million
Correct Answer: A
The two leaders reaffirmed the mutually agreed US$10 billion target.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
The bilateral trade target agreed in April 2024 was:
A. US$5 billion in one year
B. US$10 billion over five years
C. US$50 billion immediately
D. US$1 billion by 2040
Correct Answer: B
President Raisi and Prime Minister Shehbaz Sharif agreed to target US$10 billion over five years.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
A major Pakistani import from Iran is:
A. LPG and bitumen
B. Tea from Assam
C. Aircraft carriers
D. Timber from Scandinavia
Correct Answer: A
Energy products, bitumen, dates and petrochemical inputs feature prominently in imports.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
Which is also an important Pakistani export to Iran?
A. Sesame seeds and fruit
B. Uranium ore
C. Commercial satellites
D. Large naval vessels
Correct Answer: A
Agricultural products such as sesame, mangoes, bananas and citrus are important exports.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Relations - Pak - Iran Relations
A major Pakistani export to Iran is:
A. Rice
B. Crude oil
C. Natural gas
D. Passenger aircraft
Correct Answer: A
Rice is among Pakistan's principal exports to Iran.