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.
#1001
According to the Ministry of Finance, the current account recorded a surplus of how much during the period of July 2025 to May 2026?
(a) 155 million dollars
(b) 255 million dollars
(c) 355 million dollars
(d) None of these
Explanation: 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]
#1002
What was the real GDP growth rate of Pakistan for the fiscal year ending in 2026?
(a) 2.7 percent
(b) 5.7 percent
(c) 4.7 percent
(d) 3.7 percent
Explanation: 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]
#1003
All of the following are cited as factors contributing to Pakistan's economic stability in 2026 EXCEPT:
(a) Record workers' remittances
(b) Increased reliance on foreign grants
(c) Expansion in large-scale manufacturing
(d) Continued growth in IT exports
Explanation: The government emphasizes fiscal discipline, remittances, and IT exports as drivers of stability. Reliance on foreign grants is not cited as a primary pillar of the current economic outlook. [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]
#1004
What was the average daily borrowing by the government from banks during the fiscal year 2026?
(a) Rs5.9 trillion
(b) Rs500 billion
(c) Rs16.4 billion
(d) Rs8 trillion
Explanation: The government's daily borrowing through banks averaged Rs16.4 billion in FY26. The Rs500 billion figure represents the average monthly borrowing. [Source: https://www.dawn.com/news/2017153/govt-borrows-rs59tr-from-banks-in-fy26, 21 Jul 2026]
#1005
Who presented the Punjab provincial budget for the fiscal year 2026-27 in the provincial assembly?
(a) Maryam Nawaz Sharif
(b) Mian Mujtabaur Rehman
(c) Ishaq Dar
(d) Bilawal Bhutto Zardari
Explanation: Mian Mujtabaur Rehman is the Finance Minister of Punjab who presented the budget. Maryam Nawaz Sharif is the Chief Minister who presided over the cabinet meeting that approved the budget. [Source: https://www.dawn.com/news/2008300/punjab-finance-minister-presents-people-friendly-budget-in-assembly, 16 Jun 2026]
#1006
Which of the following statements regarding the fiscal situation in 2026 is INCORRECT?
(a) The government borrowed more in FY26 than it did in FY25.
(b) Debt servicing is projected to consume 50 percent of the total budget outlay in FY27.
(c) The government's borrowing from banks averaged Rs500 billion per month in FY26.
(d) The government allocated more funds to the PSDP than to debt servicing for FY27.
Explanation: The statement that the government allocated more to the PSDP than to debt servicing is incorrect, as debt servicing (Rs8 trillion) significantly exceeds the PSDP allocation (Rs1 trillion). [Source: https://www.dawn.com/news/2017153/govt-borrows-rs59tr-from-banks-in-fy26, 21 Jul 2026]
#1007
Consider the following statements about the fiscal data released in 2026: 1. The government's borrowing from banks in FY26 was higher than in FY25. 2. Debt servicing costs are expected to consume half of the total budget outlay in FY27. 3. The corporate sector's investment in government papers is negligible compared to bank investments. 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 borrowing rose from Rs5.4 trillion to Rs5.9 trillion. Statement 2 is correct regarding the 50 percent budget consumption. Statement 3 is incorrect because the corporate sector accounts for a significant 25 percent of investment in government papers. [Source: https://www.dawn.com/news/2017153/govt-borrows-rs59tr-from-banks-in-fy26, 21 Jul 2026]
#1008
What is the total volume of the Sindh provincial budget presented for the fiscal year 2026-27?
(a) Rs2.56 trillion
(b) Rs4.56 trillion
(c) Rs3.56 trillion
(d) Rs5.56 trillion
Explanation: The Sindh Chief Minister presented a budget of Rs3.56 trillion for the upcoming fiscal year. Other options represent incorrect figures that deviate from the official budgetary announcement. [Source: https://www.dawn.com/news/2008557/sindh-cm-murad-ali-shah-presents-rs356tr-budget-with-no-new-taxes-7pc-pay-raise, 17 Jun 2026]
#1009
According to State Bank of Pakistan data, what was the total amount borrowed by the government from banks in the fiscal year 2026?
(a) Rs5.4 trillion
(b) Rs5.9 trillion
(c) Rs8.0 trillion
(d) None of these
Explanation: The government borrowed Rs5.9 trillion from banks in FY26. The figure Rs5.4 trillion represents the borrowing amount from the previous fiscal year, FY25. [Source: https://www.dawn.com/news/2017153/govt-borrows-rs59tr-from-banks-in-fy26, 21 Jul 2026]
#1010
How much has been allocated for law and order in the Punjab budget for the fiscal year 2026-27?
(a) Rs152 billion
(b) Rs202 billion
(c) Rs252 billion
(d) Rs302 billion
Explanation: The government allocated Rs252 billion for law and order, which includes funding for police stations in riverine areas and crime scene units. Other options represent incorrect budgetary allocations. [Source: https://www.dawn.com/news/2008300/punjab-finance-minister-presents-people-friendly-budget-in-assembly, 16 Jun 2026]
#1011
What is the total volume of the Punjab provincial budget for the fiscal year 2026-27?
(a) Rs5.9 trillion
(b) Rs4.9 trillion
(c) Rs6.9 trillion
(d) Rs7.9 trillion
Explanation: The provincial government officially proposed a budget of Rs5.9 trillion for the upcoming fiscal year. Other figures are incorrect distractors representing different potential fiscal scales. [Source: https://www.dawn.com/news/2008300/punjab-finance-minister-presents-people-friendly-budget-in-assembly, 16 Jun 2026]
#1012
What is the proposed percentage increase in the salaries of government employees in the 2026-27 Punjab budget?
(a) 7 percent
(b) 5 percent
(c) 3.5 percent
(d) 10 percent
Explanation: The budget proposes a 7 percent increase in salaries for government employees. The 3.5 percent figure refers to the increase in pensions for retired employees. [Source: https://www.dawn.com/news/2008300/punjab-finance-minister-presents-people-friendly-budget-in-assembly, 16 Jun 2026]
#1013
Which specific initiative in the 2026-27 Punjab budget includes the establishment of Neuro Cath Labs?
(a) Nawaz Sharif Medical District
(b) Cardiac Care Program
(c) Emergency Health Response
(d) Stroke Initiative
Explanation: The government set aside Rs1.75 billion for Neuro Cath Labs under the Stroke Initiative. The Nawaz Sharif Medical District is a separate health infrastructure project. [Source: https://www.dawn.com/news/2008300/punjab-finance-minister-presents-people-friendly-budget-in-assembly, 16 Jun 2026]
#1014
Consider the following statements about the Punjab budget for the fiscal year 2026-27: 1. The budget includes the imposition of new taxes to cover the fiscal deficit. 2. The proposed allocation for education is 15 percent higher than the previous fiscal year. 3. The government has allocated funds for the construction of police stations in riverine areas. 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 incorrect because the Chief Minister explicitly stated that the budget was prepared without imposing any new taxes. Statements 2 and 3 are factually accurate according to the budget speech. [Source: https://www.dawn.com/news/2008300/punjab-finance-minister-presents-people-friendly-budget-in-assembly, 16 Jun 2026]
#1015
According to the Chief Minister of KP, what is the approximate trade deficit of the country as of 2026?
(a) $16 billion
(b) $26 billion
(c) $46 billion
(d) $36 billion
Explanation: The Chief Minister cited a trade deficit of approximately $36 billion while criticizing national economic performance. The other figures are incorrect estimates of the trade deficit. [Source: https://www.dawn.com/news/2010593/cm-afridi-vows-peace-in-fy27-as-kp-assembly-passes-rs217tr-budget, 24 Jun 2026]
#1016
What is the total budget amount approved by the Khyber Pakhtunkhwa Assembly for the fiscal year 2026-27?
(a) Rs2.17 trillion
(b) Rs1.17 trillion
(c) Rs3.17 trillion
(d) Rs4.17 trillion
Explanation: The Khyber Pakhtunkhwa Assembly passed a budget of Rs2.17 trillion for the fiscal year 2026-27. Other figures provided are incorrect distractors representing different potential fiscal scales. [Source: https://www.dawn.com/news/2010593/cm-afridi-vows-peace-in-fy27-as-kp-assembly-passes-rs217tr-budget, 24 Jun 2026]
#1017
Consider the following statements about the KP budget session held on June 25, 2026: 1. The opposition leader criticized the government for bulldozing cut motions. 2. The provincial government announced it would provide additional funds to the federal government. 3. The Chief Minister stated that the province would invest in merged districts from its own resources. 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 opposition leader complained about the process. Statement 2 is incorrect because the CM explicitly stated the government would not provide additional funds to the Centre. Statement 3 is correct as the CM confirmed self-reliance for the merged districts. [Source: https://www.dawn.com/news/2010593/cm-afridi-vows-peace-in-fy27-as-kp-assembly-passes-rs217tr-budget, 24 Jun 2026]
#1018
What was the total value of Pakistan's exports to the Middle East in fiscal year 2026?
(a) $2.093 billion
(b) $3.093 billion
(c) $4.093 billion
(d) None of these
Explanation: According to State Bank of Pakistan data, exports to the Middle East reached $3.093 billion in FY26. This represents a decline of over 2 percent compared to the previous year. [Source: https://www.dawn.com/news/2018925/pakistans-exports-to-middle-east-dip-in-fy26, 28 Jul 2026]
#1019
The total value of mobile phone imports in Pakistan during the first nine months of the fiscal year 2026 reached:
(a) $1.129 billion
(b) $1.444 billion
(c) $1.650 billion
(d) None of these
Explanation: Mobile phone imports grew by 27.84 percent to $1.444 billion during the first nine months of the current fiscal year. The figure $1.129 billion represents the import value for the same period in the previous year. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#1020
Which political leader met with Prime Minister Shehbaz Sharif on June 13, 2026, following parliamentary debates?
(a) Asad Qaiser
(b) Amir Dogar
(c) Ahsan Iqbal
(d) Mehmood Khan Achakzai
Explanation: Mehmood Khan Achakzai, the Opposition Leader, held a meeting with Prime Minister Shehbaz Sharif on the Saturday preceding the June 14, 2026, report. The other individuals mentioned are active participants in the National Assembly debates but were not the primary interlocutors in this specific meeting. [Source: https://www.dawn.com/news/2007773/info-minister-invites-opposition-to-sign-charter-of-economy-defends-proposed-fy27-budget, 14 Jun 2026]