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.
#361
On May 14, 2026, where did the PPP Chairman chair a parliamentary party meeting?
(a) Aiwan-i-Sadr
(b) Parliament House
(c) Prime Minister House
(d) None of these
Explanation: Bilawal Bhutto-Zardari held the parliamentary party meeting at the Parliament House in Islamabad on May 14, 2026. Aiwan-i-Sadr is the official residence of the President and was not the venue for this specific party meeting. [Source: https://www.dawn.com/news/2000262/govt-has-not-contacted-ppp-over-any-constitutional-amendment-bilawal, 14 May 2026]
#362
Consider the following statements about the 2026 financial discussions between Pakistan and the United States: 1. The request for the $10 billion facility was officially confirmed by the Pakistani embassy in Washington. 2. The US Treasury issued a detailed public statement confirming the $10 billion request. 3. The proposed facility aims to improve Pakistan's access to international capital markets. 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 embassy confirmed the request. Statement 2 is incorrect because the US Treasury declined to comment on the specific request. Statement 3 is correct as the embassy readout highlighted road-to-market strategies and improved access to capital markets. [Source: https://www.dawn.com/news/2017402/aurangzeb-seeks-10bn-support-facility-from-us, 22 Jul 2026]
#363
What is the total amount of the Exchange Stabilization Support Facility requested by Pakistan from the United States in 2026?
(a) 5 billion dollars
(b) 8 billion dollars
(c) 12 billion dollars
(d) 10 billion dollars
Explanation: The request made by the Finance Minister to the US Treasury is for a $10 billion facility. Other figures are incorrect as they do not align with the official request reported. [Source: https://www.dawn.com/news/2017402/aurangzeb-seeks-10bn-support-facility-from-us, 22 Jul 2026]
#364
Consider the following statements regarding Pakistan's governance and foreign policy developments as reported in August 2026: 1. The Economic Coordination Committee approved financial assistance for the Pakistan Television Corporation. 2. The Islamabad High Court upheld an order requiring the disclosure of cricketers' salaries and perks. 3. The government has proposed the unbundling of two major gas utilities into five distinct entities.
(a) Only 1 and 2 are correct
(b) Only 1 and 3 are correct
(c) Only 2 and 3 are correct
(d) All statements are correct
Explanation: Statement 1 is correct (ECC approved 13bn for PTV). Statement 2 is incorrect, as the Islamabad High Court actually suspended the order regarding the disclosure of cricketers' salaries. Statement 3 is correct regarding the restructuring of SNGPL and SSGCL into five entities. [Source: https://www.dawn.com/news/2020697/economic-coordination-committee-approves-rs13bn-lifeline-for-struggling-ptv]
#365
Select the correct chronological sequence of official government or judicial actions taken as reported on August 5, 2026:
(a) 1. ECC lifeline to PTV; 2. LHC disposal of rally petition; 3. CJP announcement of women centers; 4. PM strategy on DISCOs
(b) 1. LHC disposal of rally petition; 2. CJP announcement of women centers; 3. ECC lifeline to PTV; 4. PM strategy on DISCOs
(c) 1. CJP announcement of women centers; 2. ECC lifeline to PTV; 3. PM strategy on DISCOs; 4. LHC disposal of rally petition
(d) 1. PM strategy on DISCOs; 2. ECC lifeline to PTV; 3. LHC disposal of rally petition; 4. CJP announcement of women centers
Explanation: These administrative and judicial actions were reported on the same day; however, internal reporting sequences for public interest notifications often follow institutional hierarchy and time-stamping of orders provided by respective departments. [Source: https://www.dawn.com/news/2020762/lhc-disposes-of-pti-petition-for-rally-at-minar-i-pakistan-after-dc-refuses-permission]
#366
The government has set the GDP growth target for the fiscal year 2026-27 at:
(a) 3.6 percent
(b) 4.0 percent
(c) 8.2 percent
(d) None of these
Explanation: The government has officially targeted a GDP growth rate of 4 percent for the fiscal year 2026-27. While 3.6 percent is the fiscal deficit target and 8.2 percent is the inflation projection, 4 percent is the specific growth target. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]
#367
Consider the following statements about the petroleum fiscal policy in Pakistan as of June 2026: 1. The government charges a climate support levy on petroleum products. 2. Petrol and high-speed diesel are the primary revenue earners among petroleum products. 3. The government revises petroleum prices on a monthly basis. 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 the government levies climate support charges and relies on petrol and HSD for revenue. Statement 3 is incorrect because the government currently revises these prices on a weekly basis, not monthly. [Source: https://www.dawn.com/news/2007376/govt-slashes-petrol-price-by-rs4-diesel-by-rs2, 12 Jun 2026]
#368
What is the total budgetary outlay for the fiscal year 2026-27 as presented by the Finance Minister?
(a) Rs15.2 trillion
(b) Rs12.9 trillion
(c) Rs18.8 trillion
(d) Rs20.5 trillion
Explanation: The federal budget for FY2026-27 was announced with a total outlay of Rs18.8 trillion. This figure represents the government's primary fiscal plan for the upcoming year. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]
#369
Consider the following statements about the 2026-27 federal budget: 1. The budget includes a flagship $1 billion initiative for the National Artificial Intelligence Ecosystem Development Programme. 2. The Final Tax Regime for IT and freelance exporters has been extended until FY30. 3. The federal government has allocated Rs8,045 billion specifically for markup payments. 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 correct based on the budget speech. The AI initiative is a $1 billion flagship project, the IT tax regime extension is set for three years until FY30, and the markup payment allocation is confirmed at Rs8,045 billion. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]
#370
Which of the following statements regarding the 2026-27 budget is INCORRECT?
(a) The average inflation is projected at 8.2 percent.
(b) The government has proposed a 15 percent increase in the salaries and pensions of government employees.
(c) Taxes on sanitary pads and contraceptives have been completely withdrawn.
(d) The fiscal deficit is targeted to be contained at 3.6 percent of GDP.
Explanation: The budget proposed a 7 percent raise in salaries and pensions for government employees, not 15 percent. The other statements accurately reflect the fiscal projections and policy changes announced in the budget. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]
#371
What is the targeted GDP growth rate for Pakistan in the fiscal year 2026-27?
(a) 3.5 percent
(b) 5.0 percent
(c) 4.5 percent
(d) 4.0 percent
Explanation: The government has set a GDP growth target of 4 percent for the fiscal year 2026-27 as part of its economic stabilization and growth strategy. [Source: https://www.dawn.com/news/2007374/finmin-aurangzeb-says-govt-committed-to-reducing-tax-burden-by-widening-tax-net, 12 Jun 2026]
#372
Consider the following statements about the recent petroleum sector developments: 1. The government has committed to submitting a summary regarding dealers' margins to the federal cabinet. 2. The APPPOA demanded that fuel prices be fixed on a monthly basis permanently. 3. The government has utilized approximately Rs100 billion to mitigate the impact of rising fuel prices since February 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 minister confirmed a summary would be submitted. Statement 3 is correct regarding the fiscal support provided. Statement 2 is incorrect because the association was negotiating the transition from the new daily system, not demanding a permanent monthly fix as a primary condition. [Source: https://www.dawn.com/news/2017561/petrol-pump-owners-defer-strike-call-after-talks-with-petroleum-minister, 22 Jul 2026]
#373
Who currently serves as the Petroleum Minister of Pakistan as of July 2026?
(a) Nadeem Aziz Khan
(b) Ali Pervaiz Malik
(c) Khaleeq Kiani
(d) None of these
Explanation: Ali Pervaiz Malik is the Petroleum Minister who led the negotiations with the APPPOA. Nadeem Aziz Khan is the Information Secretary of the association, and Khaleeq Kiani is a journalist. [Source: https://www.dawn.com/news/2017561/petrol-pump-owners-defer-strike-call-after-talks-with-petroleum-minister, 22 Jul 2026]
#374
What is the total size of the federal budget unveiled for the fiscal year 2026-27?
(a) Rs 15.5 trillion
(b) Rs 18.8 trillion
(c) Rs 20.2 trillion
(d) None of these
Explanation: The federal budget for the fiscal year 2026-27 was announced at Rs 18.8 trillion. This figure represents the government's primary fiscal planning document for the upcoming year. [Source: https://www.dawn.com/news/2007374/finmin-aurangzeb-says-govt-committed-to-reducing-tax-burden-by-widening-tax-net, 12 Jun 2026]
#375
Which of the following is NOT a stated concern or position of the PPP regarding the upcoming 2026-27 budget?
(a) Support for immediate reduction in development spending
(b) Preference for a broader tax base over taxing the existing base
(c) Dissatisfaction with the budget in its current form
(d) Opposition to the imposition of new taxes
Explanation: The PPP emphasized the need for development spending and inclusive growth, rather than supporting a reduction in such expenditures. The other three options accurately reflect the party's stated positions during the consultations. [Source: https://www.dawn.com/news/2004970/another-meeting-expected-as-pml-n-ppp-continue-budget-discussions-ahead-of-june-10-presentation, 03 Jun 2026]
#376
Consider the following statements about the 2026-27 budget consultations: 1. The consultations were influenced by new fiscal demands from the IMF. 2. The FBR Chairman participated in the discussions regarding tax measures. 3. The budget presentation date was finalized as June 10, 2026, by the Prime Minister alone without coalition input. 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 the IMF demands were a central topic and the FBR Chairman was present. Statement 3 is incorrect because the date was decided through a unanimous recommendation by the coalition partners to the Prime Minister. [Source: https://www.dawn.com/news/2004970/another-meeting-expected-as-pml-n-ppp-continue-budget-discussions-ahead-of-june-10-presentation, 03 Jun 2026]
#377
Which of the following statements regarding the fuel price adjustments on June 5, 2026, is INCORRECT?
(a) The price of high-speed diesel was kept unchanged.
(b) The price of kerosene was increased by Rs10 per litre.
(c) The government charges a climate support levy on fuel.
(d) The price of petrol was reduced by Rs4 per litre.
Explanation: There is no mention of a Rs10 increase for kerosene in the policy update. The other three statements accurately reflect the fiscal measures taken by the government. [Source: https://www.dawn.com/news/2005447/govt-reduces-petrol-price-by-rs4-keeps-diesel-price-unchanged, 05 Jun 2026]
#378
On what date is the federal budget for the fiscal year 2026-27 scheduled to be presented in the National Assembly?
(a) June 07, 2026
(b) June 10, 2026
(c) June 15, 2026
(d) June 20, 2026
Explanation: The government and coalition partners officially agreed to recommend that the budget be tabled on June 10, 2026. Other dates provided are distractors related to the surrounding political timeline. [Source: https://www.dawn.com/news/2004970/another-meeting-expected-as-pml-n-ppp-continue-budget-discussions-ahead-of-june-10-presentation, 03 Jun 2026]
#379
Who currently serves as the Finance Minister of Pakistan involved in the 2026-27 budget consultations?
(a) Ishaq Dar
(b) Muhammad Aurangzeb
(c) Bilal Azhar Kayani
(d) None of these
Explanation: Senator Muhammad Aurangzeb is the incumbent Finance Minister. Ishaq Dar serves as the Deputy Prime Minister and Foreign Minister, while Bilal Azhar Kayani is a Minister of State. [Source: https://www.dawn.com/news/2004970/another-meeting-expected-as-pml-n-ppp-continue-budget-discussions-ahead-of-june-10-presentation, 03 Jun 2026]
#380
What is the current ex-depot price of high-speed diesel (HSD) as of June 5, 2026?
(a) Rs377.79
(b) Rs380.78
(c) Rs381.78
(d) None of these
Explanation: The government maintained the price of high-speed diesel at Rs380.78 per litre. The other values represent the previous or adjusted price of petrol. [Source: https://www.dawn.com/news/2005447/govt-reduces-petrol-price-by-rs4-keeps-diesel-price-unchanged, 05 Jun 2026]