January 2026 Edition
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January 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#461
Which distribution company reported the highest savings leading to the QTA refund in 2026?
(a) Lahore Electric Supply Company
(b) Islamabad Electric Supply Company
(c) Faisalabad Electric Supply Company
(d) None of these
Explanation: Faisalabad Electric Supply Company (FESCO) leads the savings list with Rs10.45 billion, followed by Hyderabad Electric Supply Company. None of these is incorrect because FESCO is explicitly identified as the leader. [Source: https://www.dawn.com/news/1998087/power-consumers-to-get-rs175-per-unit-relief-over-next-3-months, 06 May 2026]
#462
Consider the following statements about the 2026 electricity tariff adjustments: 1. The negative QTA is intended to replace a previous positive QTA of 42 paisa per unit. 2. The savings are primarily driven by lower capacity charges paid to power producers. 3. The relief is applicable to all consumers, including those under the special incremental consumption package. 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 as the negative QTA replaces the 42 paisa positive QTA and is driven by capacity charge savings. Statement 3 is incorrect because the QTA does not apply to eligible consumers under the special tariff package for incremental consumption. [Source: https://www.dawn.com/news/1998087/power-consumers-to-get-rs175-per-unit-relief-over-next-3-months, 06 May 2026]
#463
Who received Prime Minister Shehbaz Sharif upon his arrival in Saudi Arabia on April 15, 2026?
(a) Prince Faisal bin Farhan
(b) Prince Saud bin Mushaal bin Abdulaziz
(c) Prince Khalid bin Salman
(d) Prince Bandar bin Sultan
Explanation: Prince Saud bin Mushaal bin Abdulaziz, the Deputy Governor of the Makkah Region, was among the officials who received the Prime Minister. The other princes listed were not mentioned as part of the reception committee. [Source: https://www.dawn.com/news/1991908/pm-shehbaz-meets-saudi-crown-prince-in-jeddah-dar-says-avenues-to-further-enhance-cooperation-discussed, 15 Apr 2026]
#464
During the 2026 Spring Meetings, Finance Minister Aurangzeb discussed the development of capital markets with the Managing Director of which organization?
(a) International Finance Corporation (IFC)
(b) Asian Development Bank (ADB)
(c) Islamic Development Bank (IsDB)
(d) None of these
Explanation: The Finance Minister held a separate meeting with IFC Managing Director Makhtar Diop to discuss capital market development and private sector investment. The ADB and IsDB are distinct institutions not mentioned in the context of this specific request. [Source: https://www.dawn.com/news/1991419/in-meeting-with-wb-vice-president-aurangzeb-calls-for-enhanced-technical-support-for-debt-management, 13 Apr 2026]
#465
Consider the following statements about the diplomatic visit of the Prime Minister in April 2026: 1. The visit to Saudi Arabia and Qatar was conducted in a bilateral context. 2. The Prime Minister is expected to hold a meeting with President Recep Tayyip Erdogan in Turkiye. 3. The delegation included the Information Minister and the Special Assistant to the Prime Minister.
(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 official reports regarding the Prime Minister's diplomatic tour. The visits to Saudi Arabia and Qatar were bilateral, the meeting with President Erdogan was planned for the Antalya Diplomacy Forum, and the delegation included both the Information Minister and the SAPM. [Source: https://www.dawn.com/news/1991908/pm-shehbaz-meets-saudi-crown-prince-in-jeddah-dar-says-avenues-to-further-enhance-cooperation-discussed, 15 Apr 2026]
#466
Which of the following institutions is a multilateral development partner mentioned for engagement during the 2026 visit?
(a) Federal Reserve Bank
(b) European Central Bank
(c) Bank of England
(d) Asian Infrastructure Investment Bank (AIIB)
Explanation: The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that works alongside the World Bank and IMF. The other options are central banks or national institutions not categorized as multilateral development partners in this context. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#467
Consider the following statements about the meeting between Pakistan and Saudi Arabia on April 10, 2026: 1. The Prime Minister recalled a recent telephone conversation with the Crown Prince. 2. The meeting focused exclusively on military procurement and defense hardware. 3. The Saudi Finance Minister reaffirmed the resolve to strengthen fraternal bonds.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 and 3 are factually correct based on the official readout. Statement 2 is incorrect because the meeting focused on trade, investment, and economic development, not exclusively on military procurement. [Source: https://www.dawn.com/news/1990567/in-meeting-with-saudi-finance-minister-pm-emphasises-strong-commitment-to-expanding-cooperation-in-all-spheres, 10 Apr 2026]
#468
Consider the following statements about the 2026 visit of the Finance Minister to the US: 1. The visit includes participation in the G-24 Finance Ministers and Central Bank Governors’ Meetings. 2. The Finance Minister is scheduled to address the Atlantic Council. 3. The primary objective of the visit is to secure immediate debt forgiveness from the World Bank. 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 regarding the itinerary. Statement 3 is incorrect because the stated objective is to discuss the reform agenda and strengthen economic cooperation, not to secure debt forgiveness. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#469
Which of the following global credit rating agencies is the Finance Minister expected to interact with during the 2026 visit?
(a) Fitch Ratings
(b) Morningstar
(c) Kroll Bond Rating Agency
(d) None of these
Explanation: Fitch Ratings, along with Moody's and S&P Global, are the major credit rating agencies mentioned for engagement. Morningstar and Kroll are not listed as part of the scheduled high-level interactions. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#470
Which of the following statements regarding the meeting on April 10, 2026, is INCORRECT?
(a) The meeting took place at the Prime Minister House.
(b) The Chief of Army Staff attended the meeting.
(c) The Prime Minister expressed appreciation for Saudi Arabia's economic support.
(d) The Saudi Finance Minister was on a three-day official visit to Pakistan.
Explanation: The Saudi Finance Minister was on a one-day visit, not a three-day visit. The other statements accurately reflect the details of the event. [Source: https://www.dawn.com/news/1990567/in-meeting-with-saudi-finance-minister-pm-emphasises-strong-commitment-to-expanding-cooperation-in-all-spheres, 10 Apr 2026]
#471
Which official shared the notification for the new fuel prices on X on April 10, 2026?
(a) Shehbaz Sharif
(b) Asim Munir
(c) Ishaq Dar
(d) None of these
Explanation: Deputy Prime Minister and Foreign Minister Ishaq Dar shared the official notification regarding the new fuel prices on the platform X. While the Prime Minister announced the policy, the notification was shared by the Foreign Minister. [Source: https://www.dawn.com/news/1990554/govt-reduces-petrol-price-by-rs12-per-litre-hsd-by-rs135, 10 Apr 2026]
#472
Who visited Islamabad on April 10, 2026, to meet with Prime Minister Shehbaz Sharif regarding bilateral cooperation?
(a) Mohammed bin Abdullah al Jadaan
(b) Faisal bin Farhan Al Saud
(c) Khalid bin Abdulaziz Al Saud
(d) None of these
Explanation: Mohammed bin Abdullah al Jadaan is the Saudi Finance Minister who conducted a one-day visit to Islamabad on the specified date. Faisal bin Farhan is the Foreign Minister, making him a plausible but incorrect distractor. [Source: https://www.dawn.com/news/1990567/in-meeting-with-saudi-finance-minister-pm-emphasises-strong-commitment-to-expanding-cooperation-in-all-spheres, 10 Apr 2026]
#473
Which of the following statements regarding the government's fuel price policy on April 10, 2026, is INCORRECT?
(a) The government decided to discontinue all targeted subsidy initiatives immediately.
(b) The Prime Minister rejected the recommendation to only partially pass on the relief to the public.
(c) The price of kerosene was reduced by Rs17.33 per litre.
(d) The price of light diesel oil was reduced to Rs369.72 per litre.
Explanation: The government explicitly stated that targeted subsidy initiatives would not be discontinued. Options A, B, and D are factually correct statements regarding the policy announcement. [Source: https://www.dawn.com/news/1990554/govt-reduces-petrol-price-by-rs12-per-litre-hsd-by-rs135, 10 Apr 2026]
#474
Consider the following statements about the economic and diplomatic context of the April 10, 2026, announcement: 1. The government aimed to recover Rs129 billion spent on cushioning price shocks by withholding some relief from the public. 2. The Prime Minister rejected the advice to withhold full relief from the public. 3. The reduction in fuel prices was partially attributed to fiscal discipline and the utilization of government 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 incorrect because the Prime Minister rejected the advice to withhold relief to recover the Rs129 billion. Statements 2 and 3 are correct as the Prime Minister prioritized passing on the relief and cited fiscal discipline as a contributing factor. [Source: https://www.dawn.com/news/1990554/govt-reduces-petrol-price-by-rs12-per-litre-hsd-by-rs135, 10 Apr 2026]
#475
Approximately what percentage of retail integration had Pakistan State Oil (PSO) achieved at the time of the April 6, 2026 meeting?
(a) 40 percent
(b) 60 percent
(c) 80 percent
(d) 90 percent
Explanation: Reports indicated that PSO's retail integration was approximately 60 percent, a figure deemed insufficient by the cabinet committee given its status as a public sector entity. [Source: https://www.dawn.com/news/1989171/ogra-pso-come-under-fire-for-poor-monitoring-of-oil-stocks, 06 Apr 2026]
#476
Who chaired the cabinet committee meeting held on April 6, 2026, to address petroleum monitoring and supply chain issues?
(a) Shehbaz Sharif
(b) Muhammad Aurangzeb
(c) Musadik Malik
(d) None of these
Explanation: Finance Minister Muhammad Aurangzeb chaired the cabinet committee meeting on April 6, 2026. While Prime Minister Shehbaz Sharif constituted the committee, he did not chair this specific session. [Source: https://www.dawn.com/news/1989171/ogra-pso-come-under-fire-for-poor-monitoring-of-oil-stocks, 06 Apr 2026]
#477
Consider the following statements about the cabinet committee meeting held on April 6, 2026: 1. The committee expressed concern over loopholes in the diesel rate build-up. 2. Climate Change Minister Dr. Musadik Malik previously served as the energy and petroleum minister. 3. The government decided to rely solely on private sector data for monitoring retail outlets. 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. Statement 3 is incorrect because the government is actively deploying joint teams to ensure data transparency and is not relying solely on private sector data, which was noted as having even poorer integration than PSO. [Source: https://www.dawn.com/news/1989171/ogra-pso-come-under-fire-for-poor-monitoring-of-oil-stocks, 06 Apr 2026]
#478
What was the policy rate maintained by the State Bank of Pakistan as of June 15, 2026?
(a) 11.5 percent
(b) 10.5 percent
(c) 12.5 percent
(d) 13.5 percent
Explanation: 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]
#479
What was the level of SBP foreign exchange reserves as of June 5, 2026?
(a) 17.2 billion dollars
(b) 16.2 billion dollars
(c) 15.2 billion dollars
(d) 18.2 billion dollars
Explanation: The SBP foreign exchange reserves reached $17.2 billion by June 5, 2026, following the successful completion of IMF reviews for the Extended Fund Facility and Resilience and Sustainability Facility. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
#480
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?
(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 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]