Correct Answer:
B. 1949
The First Muslim Economic Conference was held in 1949 during the tenure of Pakistan's first Prime Minister, Liaquat Ali Khan. This conference was a pivotal event aimed at formulating economic policies and fostering economic cooperation among Muslim nations in the early years of Pakistan's independence. It laid foundational groundwork for future economic strategies. Option A (1950) is incorrect as the first conference occurred earlier. Option C (1948) is too early, as the country was still grappling with immediate post-partition challenges. Therefore, 1949 is the precise and correct year for this significant event.