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41
Consider the following statements about the 2026 diplomatic developments:
1. Prime Minister Shehbaz Sharif scheduled visits to Iran and Turkiye to promote the peace process.
2. The war in the Middle East, which began in February 2026, significantly impacted global energy markets.
3. Iran's President Masoud Pezeshkian proposed a regional security structure that includes external powers.
Which of the statements given above is/are correct?
Statement 1 is correct as the PM scheduled these visits for early July 2026. Statement 2 is correct as the conflict disrupted shipping and energy markets. Statement 3 is incorrect because President Pezeshkian specifically called for a structure without the interference of countries from outside the region. [Source: https://www.dawn.com/news/2011670/pm-shehbaz-to-visit-iran-turkiye-as-part-of-mediation-efforts-to-end-middle-east-war-sources, 29 Jun 2026]
42
On what date did the PPP and JUI-F formally announce their electoral alliance for the AJK general elections?
The announcement was made by Bilawal Bhutto-Zardari and Maulana Fazlur Rehman during a press conference held on June 30, 2026. While July 27 is the date of the elections, the alliance was declared earlier. [Source: https://www.dawn.com/news/2011985/ppp-jui-f-announce-they-will-jointly-contest-upcoming-ajk-elections, 30 Jun 2026]
43
Which of the following foreign jurisdictions provided merger control clearances necessary for the PIACL transaction?
International merger control clearances were specifically obtained from Saudi Arabia and Kuwait to ensure PIACL could continue its international operations. These were part of the 40 conditions precedent required for the transaction. [Source: https://www.dawn.com/news/2011655/govt-formally-transfers-management-control-of-pia-to-arif-habib-led-consortium, 29 Jun 2026]
44
According to the Pakistan Meteorological Department (PMD) advisory issued on June 29, 2026, the monsoon rains are expected to begin in the country from:
The PMD advisory explicitly states that a fresh monsoon spell is set to begin in the country from the first week of July. This period is crucial for replenishing water supplies across the region. [Source: https://www.dawn.com/news/2011619/pmd-forecasts-nationwide-monsoon-rainfall-from-first-week-of-july, 29 Jun 2026]
45
What was the real GDP growth rate of Pakistan for the fiscal year ending in 2026?
The Ministry of Finance reported that real GDP growth reached 3.7 percent, marking the highest growth rate in four years. This figure reflects the broad-based recovery across the agriculture, industry, and services sectors. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
46
Consider the following statements about the current status of the Indus Waters Treaty:
1. India has unilaterally placed its treaty obligations in abeyance.
2. Pakistan has ceased providing hydrological data to India since 2026.
3. The Pakistan Commissioner for Indus Waters considers the lack of data-sharing a strategic hazard.
Which of the statements given above is/are correct?
Statement 1 is correct as India has placed the treaty in abeyance. Statement 2 is incorrect because Pakistan has continued to provide the required data despite the current tensions. Statement 3 is correct as the Commissioner explicitly identified the lack of data as a strategic hazard. [Source: https://www.dawn.com/news/2011838/indus-commissioner-says-he-wrote-to-indian-counterpart-4-times-over-chenab-fluctuations-but-no-reply-so-far, 30 Jun 2026]
47
Which of the following is NOT a category of the 40 Conditions Precedent satisfied for the PIACL privatization?
The conditions precedent included regulatory, commercial, and governance matters such as taxation, infrastructure, and policy reforms. The Prime Minister does not directly appoint himself to the board of the privatized entity. [Source: https://www.dawn.com/news/2011655/govt-formally-transfers-management-control-of-pia-to-arif-habib-led-consortium, 29 Jun 2026]
48
According to the Ministry of Finance, the current account recorded a surplus of how much during the period of July 2025 to May 2026?
The external sector remained stable, with the current account recording a surplus of 255 million dollars during the Jul-May period of the 2026 fiscal year, supported by remittances and IT exports. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
49
The primary surplus achieved by Pakistan during the period of July 2025 to April 2026 was:
Effective expenditure management and revenue mobilization efforts enabled the government to achieve a primary surplus of 3.5 percent of GDP during the Jul-Apr period of the 2026 fiscal year. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
50
On which date did the Privatisation Commission announce the formal transfer of management control of PIACL?
The formal transfer of management control was announced by the Privatisation Commission on June 29, 2026. January 29, 2026, was the date the Share Purchase and Subscription Agreement (SPSA) was executed. [Source: https://www.dawn.com/news/2011655/govt-formally-transfers-management-control-of-pia-to-arif-habib-led-consortium, 29 Jun 2026]