August 2026 Edition
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August 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#5621
Consider the following statements about the financial situation reported on April 4, 2026: 1. The total amount of debt to be returned to the UAE is $3.5 billion. 2. The repayment of these deposits is expected to reduce Pakistan's central bank reserves by approximately 18 percent. 3. The UAE deposits were rolled over multiple times since 2019. Which of the statements given above are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: All three statements are factually accurate based on the report: the amount is $3.5 billion, the impact on reserves is estimated at an 18 percent reduction, and the deposits have been subject to multiple rollovers since 2019. [Source: https://www.dawn.com/news/1988580/fo-rejects-misleading-unfounded-commentary-regarding-financial-deposits-from-uae, 04 Apr 2026]
#5622
Consider the following statements about the conflict escalation on July 18, 2026: 1. Iran justified its actions by citing a Quranic command regarding reciprocal attacks. 2. The US and Iran have been testing escalation limits since the collapse of a ceasefire agreement. 3. Iranian health officials reported that over 500 people were killed in US strikes over the past three weeks. Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 is correct as the IRGC cited a Quranic command for their actions. Statement 2 is correct regarding the testing of escalation limits. Statement 3 is incorrect because the report stated 50 people were killed and 500 were injured, not 500 killed. [Source: https://www.dawn.com/news/2016426/iran-hits-gulf-states-and-jordan-after-seventh-night-of-us-strikes, 18 Jul 2026]
#5623
Following its debut on July 27, 2026, CXMT Corp became the largest China-listed company by market capitalization, surpassing which of the following institutions?
(a) Industrial and Commercial Bank of China
(b) Bank of China
(c) China Construction Bank
(d) None of these
Explanation: CXMT Corp's market valuation exceeded 3 trillion yuan, allowing it to surpass the Industrial and Commercial Bank of China in market capitalization. The other options are major Chinese banks but were not the specific entity cited as being dwarfed by the new listing. [Source: https://www.brecorder.com/news/40431979/china-stocks-rise-as-cxmts-debut-surge-revives-interest-in-battered-shares, 27 Jul 2026]
#5624
What is the total amount of debt Pakistan has decided to return to the United Arab Emirates by the end of April 2026?
(a) $2.0 billion
(b) $12.5 billion
(c) $5.0 billion
(d) $3.5 billion
Explanation: The government announced the return of $3.5 billion in deposits to the UAE. This amount was part of the financial support provided in 2019 to stabilize the balance of payments. [Source: https://www.dawn.com/news/1988321/pakistan-to-return-35bn-uae-debt-before-month-end-official, 03 Apr 2026]
#5625
Who represented Pakistan during the diplomatic discussions in Beijing regarding the Middle East peace initiative on March 31, 2026?
(a) Bilawal Bhutto Zardari
(b) Ishaq Dar
(c) Shah Mahmood Qureshi
(d) None of these
Explanation: Ishaq Dar, serving as the Deputy Prime Minister and Foreign Minister, visited Beijing to meet with his Chinese counterpart, Wang Yi. The other individuals listed are former foreign ministers and were not involved in this specific 2026 diplomatic mission. [Source: https://www.dawn.com/news/1987106/pakistan-china-issue-5-point-initiative-for-restoring-peace-in-middle-east, 31 Mar 2026]
#5626
Which global geopolitical event was primarily responsible for the energy crunch and subsequent fuel price hikes in Pakistan during early 2026?
(a) The Suez Canal blockage
(b) The Panama Canal drought
(c) The Strait of Hormuz blockade
(d) The Black Sea grain initiative collapse
Explanation: The energy crunch was driven by the US-Iran war and the resulting blockade of the Strait of Hormuz, which disrupted global oil shipping. The other options refer to different global logistical or geopolitical issues not cited as the cause of the 2026 fuel crisis. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#5627
Which specific framework for economic and strategic cooperation was emphasized during the 2026 bilateral meetings in Beijing?
(a) Global Security Framework
(b) Belt and Road Initiative 3.0
(c) Regional Connectivity Pact
(d) CPEC 2.0
Explanation: The discussions between the two foreign ministers specifically highlighted the advancement of CPEC 2.0 as a core component of their deepening economic and strategic cooperation. While the other options relate to broader Chinese initiatives, CPEC 2.0 is the specific bilateral mechanism mentioned. [Source: https://www.dawn.com/news/1987106/pakistan-china-issue-5-point-initiative-for-restoring-peace-in-middle-east, 31 Mar 2026]
#5628
Consider the following statements about the situation in the Strait of Hormuz as of April 2026: 1. The GCC has requested a UN mandate to use force to protect maritime routes. 2. The closure of the Strait has led to a sharp rise in global energy prices. 3. French President Emmanuel Macron has fully endorsed the military operation to reopen the Strait. Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statements 1 and 2 are correct as they reflect the GCC's diplomatic request and the resulting economic impact. Statement 3 is incorrect because President Macron explicitly described a military operation to free the Strait as 'unrealistic'. [Source: https://www.dawn.com/news/1987881/gulf-states-seek-un-mandate-for-force-to-protect-strait-of-hormuz, 02 Apr 2026]
#5629
In 2026, Pakistan and China are commemorating which milestone in their bilateral diplomatic relations?
(a) 75th anniversary
(b) 60th anniversary
(c) 50th anniversary
(d) 100th anniversary
Explanation: The year 2026 marks the 75th anniversary of the establishment of diplomatic relations between Pakistan and China. This milestone was highlighted during the high-level meetings in Beijing to reaffirm their strategic partnership. [Source: https://www.dawn.com/news/1987106/pakistan-china-issue-5-point-initiative-for-restoring-peace-in-middle-east, 31 Mar 2026]
#5630
Which sector in the Australian market recorded a gain of 5.1% on July 27, 2026?
(a) Mining sector
(b) Financial sector
(c) Gold miners
(d) Technology sector
Explanation: Gold miners rose by 5.1% on July 27, 2026, supported by firmer bullion prices. This was their best session in more than three weeks. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#5631
Nawaz Sharif returned to Pakistan on June 16, 2026, after spending three weeks in which two countries?
(a) Switzerland and Saudi Arabia
(b) United Kingdom and United Arab Emirates
(c) Turkey and Qatar
(d) China and Malaysia
Explanation: Nawaz Sharif returned to Lahore after a three-week visit to Switzerland and Saudi Arabia. The other options represent common travel destinations for Pakistani officials but are not the locations mentioned in this context. [Source: https://www.dawn.com/news/2008589/nawaz-urges-ajk-to-end-protests-sit-ins-and-engage-in-meaningful-dialogue-with-govt, 17 Jun 2026]
#5632
What was the peak price of high-speed diesel (HSD) per litre reached in Pakistan on April 3, 2026?
(a) Rs378.78
(b) Rs458.41
(c) Rs520.35
(d) None of these
Explanation: High-speed diesel reached its peak price of Rs520.35 per litre on April 3, 2026, during the height of the energy crisis. Rs458.41 was the peak price for petrol on the same date. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#5633
Consider the following statements about the political situation in AJK as of June 17, 2026: 1. The PML-N leadership expressed concern over the loss of lives during recent clashes. 2. AJK elections are scheduled to take place at the end of the following month. 3. The government of Pakistan has consistently supported the Kashmiri struggle for self-determination. Which of the statements given above are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: All three statements are accurate: the leadership expressed sorrow over casualties, elections are slated for the end of July 2026, and the official stance of Pakistan remains supportive of the right to self-determination. [Source: https://www.dawn.com/news/2008589/nawaz-urges-ajk-to-end-protests-sit-ins-and-engage-in-meaningful-dialogue-with-govt, 17 Jun 2026]
#5634
In the context of the Senate debate on June 17, 2026, which sector did Senator Abdul Qadir identify as a 'mafia' that allegedly caused the reversal of the government's solar policy?
(a) National Highway Authority
(b) Federal Board of Revenue
(c) Independent Power Producers
(d) State Bank of Pakistan
Explanation: Senator Abdul Qadir alleged that Independent Power Producers (IPPs) acted as a mafia that pressured the government to reverse its solar policy. He further criticized the burden of capacity charges associated with these power agreements. [Source: https://www.dawn.com/news/2008601/ppp-lawmaker-calls-for-separate-south-punjab-province-in-senate, 17 Jun 2026]
#5635
Which of the following statements regarding the government's subsidy initiatives announced on April 2, 2026, is INCORRECT?
(a) Large transport vehicles are eligible for a monthly subsidy of Rs80,000.
(b) Inter-city public service vehicles are eligible for a monthly subsidy of Rs100,000.
(c) The subsidy for two-wheelers is valid for a period of six months.
(d) Direct support of Rs70,000 is provided for trucks carrying essential food items.
Explanation: The subsidy for two-wheelers is provided for a duration of three months, not six months. The other statements accurately reflect the financial support measures announced by the Finance Minister. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
#5636
Which political party's senator demanded the creation of a separate South Punjab province during the Senate budget debate on June 17, 2026?
(a) Pakistan Peoples Party
(b) Pakistan Tehreek-e-Insaf
(c) Muttahida Qaumi Movement-Pakistan
(d) Pakistan Muslim League-Nawaz
Explanation: Senator Rana Mahmoodul Hassan, representing the Pakistan Peoples Party (PPP), formally demanded the creation of a separate South Punjab province during the Senate proceedings on June 17, 2026. He emphasized the need for administrative bifurcation to address regional grievances. [Source: https://www.dawn.com/news/2008601/ppp-lawmaker-calls-for-separate-south-punjab-province-in-senate, 17 Jun 2026]
#5637
Consider the following statements about the fuel price adjustments announced on May 29, 2026: 1. The government reduced the price of petrol and high-speed diesel by Rs22 per litre each. 2. The new prices for petrol and high-speed diesel were scheduled to take effect on May 30, 2026. 3. The government has been providing fuel subsidies specifically for public transport and motorcycle commuters. Which of the statements given above are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: All three statements are factually accurate based on the government's announcement. The price cut was Rs22, the effective date was May 30, and the government confirmed existing subsidy programs for public transport and two-wheelers. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
#5638
Consider the following statements about the fuel price adjustments announced on April 2, 2026: 1. The price of kerosene was increased to Rs457.80 per litre. 2. The government rejected multiple previous recommendations for fuel price hikes since the regional conflict began. 3. The new fuel prices were made effective immediately on the day of the announcement. Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 and 2 are correct. Statement 3 is incorrect because the Petroleum Minister explicitly stated that the new prices would be effective from Friday, not the day of the announcement. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
#5639
Consider the following statements about the Pak-Afghan border security situation as of April 2026: 1. The Ministry of Information utilized its official fact-checking account on X to refute the claims. 2. The Afghan Defence account claimed that operations to remove the barbed wire were progressing rapidly. 3. The Ministry of Information acknowledged that the border fence had been partially removed in specific sectors to facilitate trade. Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statements 1 and 2 are factually correct based on the Ministry's report and the cited Afghan Defence account. Statement 3 is incorrect because the Ministry explicitly stated that the fence is fully intact and denied any removal. [Source: https://www.dawn.com/news/1987562/devoid-of-facts-info-ministry-rubbishes-claims-of-barbed-wire-being-removed-along-pak-afghan-border, 01 Apr 2026]
#5640
Who is the current Petroleum Minister of Pakistan who announced the fuel price hike on April 2, 2026?
(a) Muhammad Aurangzeb
(b) Asif Ali Zardari
(c) Shehbaz Sharif
(d) Ali Pervaiz Malik
Explanation: Ali Pervaiz Malik serves as the Petroleum Minister and led the press conference regarding the fuel price adjustments. Muhammad Aurangzeb is the Finance Minister, while Shehbaz Sharif is the Prime Minister. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]