The digital product monitoring system was initiated in the sugar sector as a pilot project for broader enforcement. Other sectors like beverages and textiles are subsequent targets for this system. [Source: https://www.dawn.com/news/2008354/aurangzeb-terms-tax-asaan-scheme-for-traders-a-paradigm-shift, 16 Jun 2026]
1412
What is the primary objective of the Central Processing Unit mentioned in the Tax Asaan Scheme?
The Central Processing Unit is designed to automate tax monitoring and reduce the discretionary authority of tax officials. is incorrect as the scheme aims to limit, not increase, such powers. [Source: https://www.dawn.com/news/2008354/aurangzeb-terms-tax-asaan-scheme-for-traders-a-paradigm-shift, 16 Jun 2026]
1413
According to the Finance Minister, what is the projected inflation rate for the next fiscal year?
The Finance Minister explicitly stated that the inflation target for the upcoming fiscal year is 7.5 percent. The 4 percent figure mentioned in the same context refers to the projected GDP growth rate. [Source: https://www.dawn.com/news/2008354/aurangzeb-terms-tax-asaan-scheme-for-traders-a-paradigm-shift, 16 Jun 2026]
1414
Consider the following statements regarding the economic outlook as of June 2026:
1. The primary balance surplus for FY26 was estimated at 2.5 percent of GDP.
2. The MPC is targeting a primary balance surplus of 2 percent of GDP for FY27.
3. Headline inflation remained in single digits throughout April and May 2026.
Which of the statements given above is/are correct?
Statements 1 and 2 are correct as they reflect the fiscal consolidation targets and estimates provided by the MPC. Statement 3 is incorrect because headline inflation rose to double digits in April and May 2026, not single digits. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
1415
What was the policy rate maintained by the State Bank of Pakistan as of June 15, 2026?
The Monetary Policy Committee decided to keep the policy rate unchanged at 11.5 percent during its final review for FY26. This rate is maintained to guide inflation toward the medium-term target range. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
1416
What was the growth rate of large-scale manufacturing in FY26?
Large-scale manufacturing posted a growth of 6.5 percent in FY26, contributing significantly to the overall GDP growth of 3.7 percent. This sector remains a key component of the industrial output. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
1417
What is the medium-term inflation target range set by the State Bank of Pakistan?
The MPC maintains its monetary policy stance to guide inflation toward the medium-term target range of 5-7 percent. This target is central to the bank's objective of price stability. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
1418
According to the Pakistan Bureau of Statistics, what was the provisional GDP growth rate for FY26?
The GDP growth for FY26 was provisionally estimated at 3.7 percent, showing an increase from the 3.2 percent recorded in FY25. The growth was primarily driven by the services and industry sectors. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
1419
Which of the following statements regarding the Senate debate on June 17, 2026, is INCORRECT?
Senator Agha Shahzeb Durrani actually alleged that the PTI had posted corrupt officers to the FBR, which the current government subsequently removed. Therefore, the statement that he praised the PTI's handling of the FBR is incorrect. [Source: https://www.dawn.com/news/2008601/ppp-lawmaker-calls-for-separate-south-punjab-province-in-senate, 17 Jun 2026]
1420
Consider the following statements about the fuel pricing policy in Pakistan:
1. The government transitioned to a daily fuel pricing mechanism due to international market volatility.
2. The Petroleum Division announced that fuel prices would be fixed weekly starting from July 2026.
3. Regional hostilities in the Persian Gulf have been cited as a primary factor for the recent price fluctuations.
Which of the statements given above is/are correct?
Statement 1 and 3 are correct as the government moved to a daily pricing mechanism due to regional hostilities. Statement 2 is incorrect because the government moved to a daily, not weekly, pricing mechanism. [Source: https://www.dawn.com/news/2017065/govt-decreases-petrol-price-by-rs035-increases-diesel-by-rs571-per-litre, 20 Jul 2026]
