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.
#941
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]
#942
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]
#943
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]
#944
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]
#945
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]
#946
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]
#947
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]
#948
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]
#949
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]
#950
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]
#951
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]
#952
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]
#953
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]
#954
The government aims to generate how many new jobs in the fiscal year 2026-27?
(a) 1.1 million
(b) 2.0 million
(c) 1.5 million
(d) 2.5 million
Explanation: The macroeconomic framework targets the creation of two million new jobs in FY2026-27. This is expected to be achieved through increased public and private investment. [Source: https://www.dawn.com/news/2004391/4pc-growth-target-set-for-fy2026-27-as-macroeconomic-framework-sent-to-economic-council-for-approval, 01 Jun 2026]
#955
Which of the following is NOT a sector-specific growth target mentioned for FY2026-27?
(a) Information and communication growth of 9.5%
(b) Large-scale manufacturing growth of 4.5%
(c) Services sector growth of 4.2%
(d) Agriculture sector growth of 3.8%
Explanation: The target for the information and communication sector is 7.7%, not 9.5%. The other options correctly reflect the targets for agriculture, manufacturing, and services. [Source: https://www.dawn.com/news/2004391/4pc-growth-target-set-for-fy2026-27-as-macroeconomic-framework-sent-to-economic-council-for-approval, 01 Jun 2026]
#956
Which body is responsible for the final approval of the macroeconomic framework for FY2026-27?
(a) Annual Plan Coordination Committee
(b) National Economic Council
(c) Planning Commission
(d) None of these
Explanation: The National Economic Council (NEC) is the country's highest economic policy-making body and is responsible for the final approval of the framework. The APCC is the committee that prepares and clears the framework before it reaches the NEC. [Source: https://www.dawn.com/news/2004391/4pc-growth-target-set-for-fy2026-27-as-macroeconomic-framework-sent-to-economic-council-for-approval, 01 Jun 2026]
#957
Consider the following statements about the macroeconomic framework for FY2026-27: 1. The framework projects that private investment will rise to 10.3% of GDP. 2. The services sector is targeted to grow at a rate of 4.2%. 3. Public investment is expected to increase significantly to 5% of GDP. 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 per the framework. Statement 3 is incorrect because public investment is targeted to remain at 3% of GDP, not 5%. [Source: https://www.dawn.com/news/2004391/4pc-growth-target-set-for-fy2026-27-as-macroeconomic-framework-sent-to-economic-council-for-approval, 01 Jun 2026]
#958
Who led the PPP delegation during the pre-budget meeting with the Deputy Prime Minister on June 7, 2026?
(a) Asif Ali Zardari
(b) Murad Ali Shah
(c) Bilawal Bhutto-Zardari
(d) Sherry Rehman
Explanation: Bilawal Bhutto-Zardari led the PPP delegation in the meeting held at Zardari House. While other party members like Murad Ali Shah and Sherry Rehman were present, Bilawal served as the head of the delegation. [Source: https://www.dawn.com/news/2005897/ppp-shares-tax-related-reservations-in-pre-budget-meeting-with-dar-say-sources, 07 Jun 2026]
#959
What was the percentage growth in mobile phone imports during the first nine months of the fiscal year 2026?
(a) 14.67 percent
(b) 19.61 percent
(c) 9.78 percent
(d) 27.84 percent
Explanation: Mobile phone imports grew by 27.84 percent to $1.444 billion during the first nine months of the fiscal year. The other percentages listed refer to specific valuation increases for individual phone models. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#960
Which of the following is NOT a primary concern raised by the PPP during the pre-budget meetings in June 2026?
(a) The total exclusion of the Public Sector Development Programme from the budget
(b) The impact of fiscal measures on inflation-hit masses
(c) The need to expand the tax base rather than taxing the same classes
(d) The feasibility of provincial revenue targets set by the IMF
Explanation: The PPP discussed the Public Sector Development Programme (PSDP) as a priority for development spending, rather than calling for its exclusion. The other options accurately reflect the party's stated reservations regarding tax policy and IMF conditions. [Source: https://www.dawn.com/news/2005897/ppp-shares-tax-related-reservations-in-pre-budget-meeting-with-dar-say-sources, 07 Jun 2026]