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.
#5921
According to the June 2026 data, what was the recorded inflation rate in Pakistan?
(a) 11.1 percent
(b) 12.5 percent
(c) 9.8 percent
(d) None of these
Explanation: The inflation rate for June 2026 was reported at 11.1 percent, which remains significantly higher than the SBP's target range of 5-7 percent. This elevated inflation is a primary reason for the cautious monetary policy stance. [Source: https://www.dawn.com/news/2018929/policy-rate-pause-splits-stakeholders, 28 Jul 2026]
#5922
What was the policy rate maintained by the State Bank of Pakistan as of July 28, 2026?
(a) 9.5 percent
(b) 10.5 percent
(c) 11.5 percent
(d) 12.5 percent
Explanation: The State Bank of Pakistan decided to keep the benchmark interest rate at 11.5 percent in its July 2026 review. This decision was made to balance macroeconomic stability against the demands for industrial growth. [Source: https://www.dawn.com/news/2018929/policy-rate-pause-splits-stakeholders, 28 Jul 2026]
#5923
Consider the following statements regarding the economic situation in Pakistan as of July 2026: 1. The SBP's decision to maintain the policy rate is supported by domestic trade bodies to curb inflation. 2. Private sector credit showed signs of recovery in June 2026. 3. Industrial stakeholders argue that a single-digit interest rate is necessary to improve export competitiveness. 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 domestic trade bodies (FPCCI, Korangi Association) criticized the policy rate as contractionary, not supportive. Statements 2 and 3 are factually accurate reflections of the economic sentiment and data reported in July 2026. [Source: https://www.dawn.com/news/2018929/policy-rate-pause-splits-stakeholders, 28 Jul 2026]
#5924
Consider the following statements about the Sindh government's transport policy announced on April 5, 2026: 1. The government decided to make all public transport free across the province. 2. The subsidy package includes financial support for transporters based on route permits. 3. The total contribution of the Sindh government towards the overall subsidy framework is approximately Rs14 billion. 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 government explicitly chose a fare freeze over making buses free. Statements 2 and 3 are factually correct as per the government's announcement regarding route permit subsidies and the Rs14 billion total contribution. [Source: https://www.dawn.com/news/1988836/sindh-cm-secures-fare-freeze-after-talks-with-transporters-amid-fuel-price-hike, 05 Apr 2026]
#5925
Consider the following statements regarding policy and governance developments in Pakistan as of August 5, 2026:
(a) Only 1 and 2 are correct
(b) Only 2 and 3 are correct
(c) Only 1 and 3 are correct
(d) 1, 2, and 3 are correct
Explanation: Statement 1 is incorrect because the planned restructuring involves unbundling the two existing gas utilities into five entities, not five companies into two. Statement 2 is correct regarding the labor action scheduled for August 8. Statement 3 is correct regarding the recent technological infrastructure advancement at SSUET. [Source: https://www.brecorder.com/news/40433353/goods-transporters-say-will-observe-strike-from-8th]
#5926
Select the correct chronological sequence of the following policy-related occurrences reported on August 5, 2026:
(a) A > B > C > D
(b) C > B > D > A
(c) B > A > D > C
(d) D > C > B > A
Explanation: The events involve: A) The appointment of a cricket coach; B) The launch of a book on hybrid warfare; C) Bilawal Bhutto's statement on Youm-e-Istehsal-e-Kashmir; D) The Ministerial meeting in Jordan regarding Jerusalem. All events were reported on the same calendar day, and their sequence follows their presentation in the daily news cycle order. [Source: https://www.brecorder.com/news/40433345/smith-appointed-batting-coach-of-mens-team]
#5927
In the context of the 2026 pharmaceutical conference, what percentage of pharmaceutical raw material does Pakistan currently import?
(a) 70 percent
(b) 90 percent
(c) 80 percent
(d) 95 percent
Explanation: The Federal Health Minister stated that Pakistan imports 90 percent of its pharmaceutical raw material, highlighting the need for domestic production. 80 percent refers to the digitalization status of DRAP services. [Source: https://www.dawn.com/news/2016621/pakistan-china-pharma-conference-ends-with-850m-agreements, 19 Jul 2026]
#5928
Who is the current Canadian Minister of Foreign Affairs visiting Pakistan in July 2026?
(a) Melanie Joly
(b) Anita Anand
(c) Chrystia Freeland
(d) None of these
Explanation: Anita Anand is the Canadian Minister of Foreign Affairs who scheduled a visit to Pakistan in July 2026. The other names listed are former or alternative Canadian cabinet members, making them incorrect. [Source: https://www.dawn.com/news/2016734/canadian-foreign-minister-anita-anand-to-visit-pakistan-on-monday, 19 Jul 2026]
#5929
Which of the following is NOT a stated objective or outcome of the 2026 Pakistan-China Pharmaceutical and Healthcare B2B Investment Conference?
(a) Promotion of clinical trials and vocational training
(b) Local manufacturing of medical devices
(c) Domestic production of pharmaceutical raw materials
(d) Immediate privatization of all public sector hospitals
Explanation: The conference focused on investment, technology transfer, and local manufacturing to reduce imports; it did not involve the privatization of public hospitals. The other three options were explicitly mentioned as key discussion points. [Source: https://www.dawn.com/news/2016621/pakistan-china-pharma-conference-ends-with-850m-agreements, 19 Jul 2026]
#5930
Consider the following statements about the Pakistan-Canada diplomatic engagement in 2026: 1. The sixth round of Bilateral Political Consultations was held in Islamabad in February 2026. 2. Canada hosted the second round of negotiations for a Foreign Investment Promotion and Protection Agreement in June 2026. 3. The Canadian Foreign Minister is expected to meet with the President of Pakistan during her visit. 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 2026 diplomatic timeline. Statement 3 is incorrect because the report specifies that the Canadian Foreign Minister is expected to meet with Prime Minister Shehbaz Sharif, not the President. [Source: https://www.dawn.com/news/2016734/canadian-foreign-minister-anita-anand-to-visit-pakistan-on-monday, 19 Jul 2026]
#5931
The visit of the Canadian Foreign Minister to Pakistan in July 2026 marks the first such visit in how many years?
(a) 20 years
(b) 15 years
(c) 10 years
(d) 25 years
Explanation: Global Affairs Canada confirmed that the visit by Anita Anand in July 2026 is the first visit by a Canadian foreign minister to Pakistan in 20 years. This highlights the significance of the current diplomatic engagement. [Source: https://www.dawn.com/news/2016734/canadian-foreign-minister-anita-anand-to-visit-pakistan-on-monday, 19 Jul 2026]
#5932
What was the total value of agreements finalized during the Pakistan-China Pharmaceutical and Healthcare B2B Investment Conference in 2026?
(a) $600 million
(b) $1.2 billion
(c) $850 million
(d) $250 million
Explanation: The conference concluded with total agreements worth $850 million, consisting of $600 million in contracts and $250 million in MoUs. $1.2 billion is the projected cost of imported vaccines by 2030, not the conference total. [Source: https://www.dawn.com/news/2016621/pakistan-china-pharma-conference-ends-with-850m-agreements, 19 Jul 2026]
#5933
Which of the following is NOT a component of the export-boosting schemes approved by the ECC on July 28, 2026?
(a) Enhanced Export Finance Scheme (E-EFS)
(b) Direct cash grants for industrial electricity bills
(c) Performance-based rebate on incremental exports
(d) Long-Term Export Growth Financing Facility (LTEGFF)
Explanation: The approved package includes E-EFS, LTEGFF, and a performance-based rebate scheme. Direct cash grants for electricity bills are not part of the three specific schemes mentioned in the ECC approval. [Source: https://www.dawn.com/news/2018926/ecc-okays-rs255bn-for-export-boosting-schemes, 28 Jul 2026]
#5934
Which of the following statements regarding the Australian market performance on July 27, 2026, is INCORRECT?
(a) The S&P/ASX 200 index rose to 8,851.30 points.
(b) Technology stocks jumped by 3.8%.
(c) Miners gained 2.1% during the session.
(d) The benchmark index fell by 0.9% on the previous Friday.
Explanation: The benchmark index fell by 0.8% on the previous Friday, not 0.9%. The other statements accurately reflect the market data from the session. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#5935
Which of the following statements regarding the impact of the July 2026 oil price decline on the US economy is INCORRECT?
(a) It guarantees an immediate interest rate cut by the Federal Reserve.
(b) It provides the Federal Reserve with greater policy flexibility.
(c) It is expected to ease inflationary pressures.
(d) It follows a period where Brent crude had surged to $102 per barrel.
Explanation: While the decline in oil prices provides policy flexibility, it does not guarantee an interest rate cut, as market expectations were leaning toward a status quo or a future hike. The other statements accurately reflect the economic context described. [Source: https://www.brecorder.com/news/40431972/indian-bonds-rebound-as-easing-middle-east-tensions-drag-oil-lower, 27 Jul 2026]
#5936
Which Indian diplomat represented his country during the UNSC debate on Afghanistan on March 10, 2026?
(a) Parvathaneni Harish
(b) Ruchira Kamboj
(c) Syed Akbaruddin
(d) T.S. Tirumurti
Explanation: Parvathaneni Harish served as the Indian Permanent Representative who articulated India's concerns regarding cross-border violence during the session. The other options represent former Indian diplomats at the UN. [Source: https://www.dawn.com/news/1980464/pakistan-india-exchange-sharp-words-at-un-security-council-over-afghanistan, 10 Mar 2026]
#5937
What is the total amount of subsidies approved by the Economic Coordination Committee (ECC) for export promotion schemes on July 28, 2026?
(a) Rs155 billion
(b) Rs455 billion
(c) Rs355 billion
(d) Rs255 billion
Explanation: The ECC approved Rs255 billion in subsidies to boost exports through three distinct incentive schemes. This funding is intended to address the stagnation of annual exports at the $30 billion mark. [Source: https://www.dawn.com/news/2018926/ecc-okays-rs255bn-for-export-boosting-schemes, 28 Jul 2026]
#5938
Which company was identified as the heaviest mover during the market decline on March 9, 2026?
(a) K-Electric Limited
(b) First National Equities Limited
(c) The Bank of Punjab
(d) Engro Corporation
Explanation: K-Electric Limited was the heaviest mover during the session, tumbling 7.81 percent on a trading volume of over 127 million shares. The Bank of Punjab and First National Equities Limited also saw significant drops but had lower trading volumes. [Source: https://www.dawn.com/news/1980057/bloodbath-at-psx-as-kse-100-slides-over-11000-points, 09 Mar 2026]
#5939
On March 10, 2026, what was the primary reason cited for the rise in gold prices?
(a) A strengthening of the US dollar
(b) A weaker US dollar and easing energy costs
(c) An increase in global interest rates
(d) None of these
Explanation: Gold prices rose due to a weaker US dollar and expectations of lower inflation following a potential de-escalation in Middle East tensions, which caused oil prices to drop. A stronger dollar (Option A) typically makes gold more expensive for foreign buyers, leading to a price decline. [Source: https://www.dawn.com/news/1980485/gold-gains-on-weaker-dollar-easing-inflation-concerns, 10 Mar 2026]
#5940
Who is the current head of the Senate Standing Committee on Economic Affairs as of March 10, 2026?
(a) Senator Saifullah Abro
(b) Senator Syed Nazir Abbas
(c) Senator Ishaq Dar
(d) None of these
Explanation: Senator Saifullah Abro is the chairman of the Senate Standing Committee on Economic Affairs. Dr. Syed Nazir Abbas is the Secretary General of the Oil Companies Advisory Council (OCAC), not the committee chairman. [Source: https://www.dawn.com/news/1980379/senate-panel-to-expose-fuel-price-hike-beneficiaries, 10 Mar 2026]