July 2026 Edition
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July 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#261
Who appointed Andy Burnham as the Prime Minister of the United Kingdom on July 20, 2026?
(a) King William V
(b) King Charles III
(c) King George VII
(d) None of these
Explanation: King Charles III formally appointed Andy Burnham as Prime Minister during an audience at Buckingham Palace. The other options are incorrect as they do not represent the current British monarch. [Source: https://www.dawn.com/news/2017007/andy-burnham-becomes-uk-pm-says-britain-needs-to-regain-stability, 20 Jul 2026]
#262
Who presided over the high-level consultative meeting regarding the petroleum products situation on March 27, 2026?
(a) Mir Shoaib Nosherwani
(b) Ali Pervaiz Malik
(c) Shaza Fatima Khawaja
(d) Muhammad Aurangzeb
Explanation: Finance Minister Muhammad Aurangzeb chaired the meeting. While other ministers like Ali Pervaiz Malik and Shaza Fatima Khawaja were present, they did not preside over the session. [Source: https://www.dawn.com/news/1985900/centre-provinces-agree-on-rolling-out-app-based-fuel-quota-system-for-motorcycles-rickshaws, 27 Mar 2026]
#263
Consider the following statements about Pakistan's external debt management in April 2026: 1. The UAE loan being repaid was originally extended in 2019. 2. Pakistan has requested significant changes to its $7 billion IMF lending programme due to the Middle East conflict. 3. The central bank's foreign exchange reserves were reported at $20.52 billion as of April 10, 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: Statement 1 is correct as the UAE loan dates back to 2019. Statement 3 is correct regarding the reserve figures reported by the SBP. Statement 2 is incorrect because the Finance Minister stated that while the IMF programme is an option, the government has not yet requested changes to it. [Source: https://www.dawn.com/news/1993003/sbp-says-govt-has-paid-2bn-to-uae, 18 Apr 2026]
#264
What was the new price of kerosene per litre following the government notification issued on March 7, 2026?
(a) Rs188.73
(b) Rs318.81
(c) Rs288.50
(d) Rs350.25
Explanation: The Oil and Gas Regulatory Authority issued a notification increasing the price of kerosene by Rs130.08, bringing the total to Rs318.81 per litre. Rs188.73 was the previous price effective from March 1, 2026. [Source: https://www.dawn.com/news/1979534/govt-hikes-kerosene-price-by-rs130-to-rs31881-per-litre, 07 Mar 2026]
#265
Which of the following statements regarding the FTO ruling on July 21, 2026, is INCORRECT?
(a) The FTO held that the FBR is duty-bound to provide a functional interface for taxpayers.
(b) The complainant was a salaried individual serving as a director in a private limited company.
(c) The FBR successfully argued that software limitations are a valid legal defense against tax credit claims.
(d) The FTO found that the department's silence on the matter constituted maladministration.
Explanation: The FTO explicitly rejected the FBR's attempt to use software limitations as a shield. Therefore, the statement that the FBR successfully used this as a legal defense is false. [Source: https://www.dawn.com/news/2017155/fbr-cannot-hide-behind-software-limitations-federal-tax-ombudsman, 21 Jul 2026]
#266
Who is the current Petroleum Minister of Pakistan as of March 2026?
(a) Muhammad Aurangzeb
(b) Ali Pervaiz Malik
(c) Murad Ali Shah
(d) None of these
Explanation: Ali Pervaiz Malik is the Petroleum Minister who briefed provincial leadership on fuel reserves. Muhammad Aurangzeb is the Finance Minister, and Murad Ali Shah is the Chief Minister of Sindh. [Source: https://www.dawn.com/news/1979807/three-petrol-shipments-expected-on-monday-petroleum-minister, 08 Mar 2026]
#267
Following the government announcement on July 20, 2026, what is the new price of petrol per litre in Pakistan?
(a) Rs315.80
(b) Rs360.06
(c) Rs458.41
(d) Rs266.00
Explanation: The government set the price of petrol at Rs315.80 per litre following the adjustment announced on July 20, 2026. The figure Rs360.06 represents the price of high-speed diesel, while the other options are historical peak or starting prices. [Source: https://www.dawn.com/news/2017065/govt-decreases-petrol-price-by-rs035-increases-diesel-by-rs571-per-litre, 20 Jul 2026]
#268
Consider the following statements about the fuel management strategy discussed in March 2026: 1. The government is developing a joint dashboard to monitor fuel reserves across provinces. 2. The Punjab Enforcement and Regulatory Authority has been tasked with monitoring the fuel supply situation. 3. The government has successfully secured a permanent exemption from the petroleum levy from the IMF. 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 administrative measures taken to monitor reserves and enforce regulations. Statement 3 is incorrect because the government is only planning to request relief, not that it has already secured a permanent exemption. [Source: https://www.dawn.com/news/1979807/three-petrol-shipments-expected-on-monday-petroleum-minister, 08 Mar 2026]
#269
Which of the following Apple models remained stable with no change in valuation between the January ruling and the April 2026 ruling?
(a) iPhone 15 Pro Max
(b) iPhone XS Max
(c) iPhone SE 2
(d) iPhone 13
Explanation: The iPhone XS Max and the iPhone SE 3 were identified as the most stable models, showing no change in valuation between the two rulings. Other models like the iPhone 15 Pro Max and iPhone SE 2 experienced varying degrees of upward adjustment. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#270
Which of the following statements regarding the 2026 mobile phone customs valuation is INCORRECT?
(a) The new valuation applies to commercial quantities of used phones without accessories.
(b) The ruling preserves the framework for six-month activation and freight adjustment.
(c) The revision was aimed at lowering the tax burden for all imported mobile handsets.
(d) The Directorate held a stakeholder meeting on April 13, 2026, before finalizing the ruling.
Explanation: The revision was aimed at aligning assessed values with market rates, which resulted in higher duty and tax incidence per handset, not a reduction. Options A, B, and D are factually correct descriptions of the regulatory process. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#271
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]
#272
The global fuel supply crunch mentioned in the context of the 2026 price hikes is attributed to the closure of which strategic maritime chokepoint?
(a) Suez Canal
(b) Malacca Strait
(c) Bab-el-Mandeb Strait
(d) Strait of Hormuz
Explanation: The closure of the Strait of Hormuz, which historically handles one-fifth of global oil and gas supplies, is cited as a primary cause for the global fuel market volatility. The other straits listed are critical maritime routes but were not the focus of this specific supply disruption. [Source: https://www.dawn.com/news/1994758/govt-hikes-petrol-high-speed-diesel-prices-by-rs26, 24 Apr 2026]
#273
Consider the following statements about the 2026 customs valuation revision: 1. The revision specifically targets older and used mobile phone models. 2. Samsung devices recorded some of the steepest increases, particularly in the S10 and S21 series. 3. The valuation ruling was issued by the FBR on April 23, 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: All three statements are accurate. The ruling targets 62 older/used models, Samsung's older premium series saw significant jumps, and the ruling was officially issued on the specified date of April 23, 2026. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#274
Who were the two federal ministers responsible for announcing the fuel price adjustments on April 2, 2026?
(a) Ali Pervaiz Malik and Muhammad Aurangzeb
(b) Bilal Yaseen and Shehbaz Sharif
(c) Muhammad Aurangzeb and Bilal Yaseen
(d) Ali Pervaiz Malik and Shehbaz Sharif
Explanation: Petroleum Minister Ali Pervaiz Malik and Finance Minister Muhammad Aurangzeb jointly announced the fuel price revisions on April 2, 2026. Other combinations include the Prime Minister or other provincial ministers who were not the primary spokespersons for this specific announcement. [Source: https://www.dawn.com/news/1994758/govt-hikes-petrol-high-speed-diesel-prices-by-rs26, 24 Apr 2026]
#275
Consider the following statements about the pre-budget consultations held in June 2026: 1. The federal government aims to present the budget for FY2026-27 on June 10. 2. The PPP delegation expressed reservations regarding the proposed tax measures. 3. The President directed that growth rates should be harmonized with public welfare schemes. 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: All three statements are factually accurate based on the official reports of the meeting. The government scheduled the budget presentation for June 10, the PPP raised tax concerns, and the President emphasized the need for welfare-oriented growth. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
#276
Which of the following statements regarding the fuel price adjustments in 2026 is INCORRECT?
(a) The government has been revising petroleum prices on a weekly basis on Friday nights.
(b) The price of petrol and high-speed diesel was increased by Rs26.77 on April 24, 2026.
(c) The government has maintained a consistent fuel price throughout the year without any reductions.
(d) High-speed diesel is used for heavy transport and large generators.
Explanation: The statement that prices remained consistent is false, as the government frequently adjusted prices, including significant reductions in early April 2026. The other options accurately reflect the operational and fiscal realities described. [Source: https://www.dawn.com/news/1994758/govt-hikes-petrol-high-speed-diesel-prices-by-rs26, 24 Apr 2026]
#277
Which minister briefed the President on his recent diplomatic visit to Iran during the June 2026 meeting?
(a) Foreign Minister
(b) Interior Minister
(c) Finance Minister
(d) Defense Minister
Explanation: Interior Minister Mohsin Naqvi provided the briefing regarding his recent visit to Iran and regional diplomatic engagements. While the Foreign Minister was present at the meeting, the specific briefing on the Iran visit was attributed to the Interior Minister. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
#278
Who currently serves as the Finance Minister of Pakistan as of June 2026?
(a) Ishaq Dar
(b) Muhammad Aurangzeb
(c) Azam Nazeer Tarar
(d) None of these
Explanation: Muhammad Aurangzeb is the incumbent Finance Minister of Pakistan. Ishaq Dar serves as the Deputy Prime Minister and Foreign Minister, while Azam Nazeer Tarar is the Law Minister. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
#279
Which of the following individuals was NOT reported as being present at the meeting between the President and the Prime Minister on June 8, 2026?
(a) Bilawal Bhutto Zardari
(b) Syed Murad Ali Shah
(c) Raja Pervaiz Ashraf
(d) None of these
Explanation: All three individuals listed (Bilawal Bhutto Zardari, Syed Murad Ali Shah, and Raja Pervaiz Ashraf) were explicitly mentioned as attendees at the meeting. Therefore, none of the options provided are correct as a 'not present' individual. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
#280
Consider the following statements about the fuel price management in Pakistan during 2026: 1. The government implemented a targeted fuel subsidy programme to assist the public. 2. The Prime Minister slashed the petroleum levy by Rs80 per litre on April 3, 2026. 3. Global fuel market volatility was triggered by the conflict involving Iran. 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: All three statements are factually accurate based on the events of 2026. The government introduced a targeted subsidy, the Prime Minister reduced the levy by Rs80 per litre on April 3, and the regional conflict involving Iran is the identified driver of global fuel market instability. [Source: https://www.dawn.com/news/1994758/govt-hikes-petrol-high-speed-diesel-prices-by-rs26, 24 Apr 2026]