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.
#921
In the context of the 2026-27 budget preparations, which body is responsible for coordinating economic policies between the federal and provincial governments?
(a) National Finance Commission
(b) Economic Coordination Committee
(c) Council of Common Interests
(d) National Economic Council
Explanation: The National Economic Council (NEC) is the constitutional body responsible for reviewing the overall economic condition of the country and coordinating economic policies between the federal and provincial governments. While the NFC Award deals with revenue distribution, the NEC is the primary body for development budget oversight. [Source: https://www.dawn.com/news/2006413/president-zardari-summons-na-senate-sessions-on-june-10, 09 Jun 2026]
#922
The National Assembly session summoned by President Zardari on June 10, 2026, was identified as which session of the 16th National Assembly?
(a) 26th session
(b) 27th session
(c) 28th session
(d) None of these
Explanation: The official notification issued by the presidency confirmed that the session convened on June 10, 2026, was the 28th session of the 16th National Assembly. The other options are incorrect as they do not align with the official parliamentary record for that date. [Source: https://www.dawn.com/news/2006413/president-zardari-summons-na-senate-sessions-on-june-10, 09 Jun 2026]
#923
Consider the following statements about the economic indicators of Pakistan in FY2026: 1. The GDP growth rate of 3.7pc is the highest recorded in the past four years. 2. The electricity, gas, and water supply industry experienced contraction during the fiscal year. 3. Large-scale manufacturing (LSM) recorded a decline of 6.1pc during the period. 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 3.7 percent is the highest growth in four years. Statement 2 is correct because the electricity, gas, and water supply industry contracted due to subsidy declines. Statement 3 is incorrect because LSM actually saw a rebound of 6.1 percent, not a decline. [Source: https://www.dawn.com/news/2006877/economy-grows-37pc-in-fy26-fastest-in-four-years-but-short-of-target, 11 Jun 2026]
#924
Who is the current Finance Minister of Pakistan responsible for presenting the federal budget for FY2026-27?
(a) Ishaq Dar
(b) Muhammad Aurangzeb
(c) Shaukat Tarin
(d) None of these
Explanation: Muhammad Aurangzeb is the incumbent Finance Minister tasked with presenting the federal budget. Ishaq Dar and Shaukat Tarin are former finance ministers and serve as incorrect distractors. [Source: https://www.dawn.com/news/2006648/finance-minister-aurangzeb-to-present-budget-for-fy2026-27-on-june-12, 10 Jun 2026]
#925
Consider the following statements about the parliamentary sessions summoned in June 2026: 1. The President summoned both the National Assembly and the Senate to meet on June 10, 2026. 2. The federal budget for the fiscal year 2026-27 was scheduled to be presented in Parliament on June 10, 2026. 3. The National Economic Council meeting was postponed multiple times prior to the budget session. 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 both houses were summoned for June 10. Statement 2 is incorrect because, while the sessions were summoned on June 10, the budget presentation was expected on June 12. Statement 3 is correct as the NEC meeting faced multiple postponements due to negotiations over provincial shares. [Source: https://www.dawn.com/news/2006413/president-zardari-summons-na-senate-sessions-on-june-10, 09 Jun 2026]
#926
Consider the following statements about the federal budget for FY2026-27: 1. The budget presentation is scheduled for June 12, 2026. 2. Provincial shares from the federal divisible pool are proposed to be increased significantly. 3. The government aims to cover an estimated Rs800 billion revenue shortfall.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 is correct regarding the date. Statement 3 is correct regarding the revenue shortfall. Statement 2 is incorrect because the agreement stipulates that provincial shares will remain frozen at the current fiscal year's position. [Source: https://www.dawn.com/news/2006648/finance-minister-aurangzeb-to-present-budget-for-fy2026-27-on-june-12, 10 Jun 2026]
#927
Which international agencies provided rating upgrades that reinforced investor confidence in Pakistan during 2026?
(a) Moody's and Standard and Poor's
(b) Standard and Poor's and Fitch
(c) Fitch and Moody's
(d) World Bank and IMF
Explanation: The government's commitment to IMF programs was reinforced by specific rating upgrades from Fitch and Moody's, which helped improve the overall investment climate. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#928
Consider the following statements about Pakistan's economic outlook for 2026: 1. The government expects inflationary pressures to ease due to the reopening of the Strait of Hormuz. 2. The size of the national economy reached 452.1 billion dollars by the end of the fiscal year. 3. The consumer price index (CPI) inflation for June 2026 was recorded at 15 percent. 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 factually correct based on the Ministry of Finance report. Statement 3 is incorrect because the ministry anticipated June inflation to remain within the range of 11-12 percent, not 15 percent. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#929
The primary surplus achieved by Pakistan during the period of July 2025 to April 2026 was:
(a) 3.5 percent of GDP
(b) 3.0 percent of GDP
(c) 2.5 percent of GDP
(d) 4.0 percent of GDP
Explanation: Effective expenditure management and revenue mobilization efforts enabled the government to achieve a primary surplus of 3.5 percent of GDP during the Jul-Apr period of the 2026 fiscal year. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#930
According to the Ministry of Finance, the current account recorded a surplus of how much during the period of July 2025 to May 2026?
(a) 155 million dollars
(b) 255 million dollars
(c) 355 million dollars
(d) None of these
Explanation: The external sector remained stable, with the current account recording a surplus of 255 million dollars during the Jul-May period of the 2026 fiscal year, supported by remittances and IT exports. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#931
What was the real GDP growth rate of Pakistan for the fiscal year ending in 2026?
(a) 2.7 percent
(b) 5.7 percent
(c) 4.7 percent
(d) 3.7 percent
Explanation: The Ministry of Finance reported that real GDP growth reached 3.7 percent, marking the highest growth rate in four years. This figure reflects the broad-based recovery across the agriculture, industry, and services sectors. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#932
All of the following are cited as factors contributing to Pakistan's economic stability in 2026 EXCEPT:
(a) Record workers' remittances
(b) Increased reliance on foreign grants
(c) Expansion in large-scale manufacturing
(d) Continued growth in IT exports
Explanation: The government emphasizes fiscal discipline, remittances, and IT exports as drivers of stability. Reliance on foreign grants is not cited as a primary pillar of the current economic outlook. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#933
Who was appointed as the Commander of the National Strategic Command (NSC) on July 24, 2026?
(a) General Sahir Shamshad Mirza
(b) General Aamer Raza
(c) General Asim Munir
(d) None of these
Explanation: General Aamer Raza was promoted to the rank of four-star general and appointed as the Commander of the National Strategic Command. General Sahir Shamshad Mirza is the incorrect choice as he was the last officer to serve as the Chairman Joint Chiefs of Staff Committee before that office was abolished. [Source: https://www.brecorder.com/news/40431733/lt-gen-aamer-promoted-appointed-as-commander-nsc, 24 Jul 2026]
#934
Where did the meeting between General Aamer Raza and Field Marshal Asim Munir take place on July 27, 2026?
(a) Prime Minister House, Islamabad
(b) Joint Staff Headquarters, Chaklala
(c) Aiwan-i-Sadr, Islamabad
(d) General Headquarters (GHQ), Rawalpindi
Explanation: The meeting occurred at the General Headquarters (GHQ) in Rawalpindi, where the CNSC was presented with a guard of honour. [Source: https://www.dawn.com/news/2018788/newly-appointed-cnsc-aamer-raza-meets-cdf-asim-munir-in-rawalpindi-ispr, 27 Jul 2026]
#935
Consider the following statements about the military command overhaul in 2026: 1. Field Marshal Asim Munir serves as the country's first Chief of Defence Forces (CDF). 2. The CNSC appointment process is subject to judicial review under the 27th Amendment. 3. The CNSC position replaces the nuclear management functions previously held by the CJCSC.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 2 is incorrect because the 27th Amendment explicitly states that the appointment process cannot be called into question before any court. Statements 1 and 3 are factually accurate. [Source: https://www.dawn.com/news/2018788/newly-appointed-cnsc-aamer-raza-meets-cdf-asim-munir-in-rawalpindi-ispr, 27 Jul 2026]
#936
Which Turkish official received Prime Minister Shehbaz Sharif upon his arrival at Istanbul's Ataturk Airport on July 3, 2026?
(a) Minister of Trade Professor Dr Omer Bolat
(b) Minister of Foreign Affairs Hakan Fidan
(c) Minister of Energy and Natural Resources Alparslan Bayraktar
(d) None of these
Explanation: Prime Minister Shehbaz Sharif was officially received by the Turkish Minister of Trade, Professor Dr Omer Bolat, alongside Pakistan's Ambassador to Turkiye, Dr Yusuf Junaid. Other options represent high-ranking Turkish officials who were not the primary designated greeters at the airport. [Source: https://www.dawn.com/news/2012743/pm-shehbaz-arrives-in-turkiye-on-official-visit, 03 Jul 2026]
#937
Consider the following statements about the diplomatic engagement between Pakistan and Turkiye in July 2026: 1. The visit was preceded by the signing of three MoUs in the power sector. 2. The Prime Minister's visit to Turkiye was his first international trip of the year. 3. The discussions between the leaders focused on enhancing cooperation in trade and investment. 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 three MoUs were signed in the power sector prior to the visit. Statement 3 is correct as trade and investment were primary focus areas. Statement 2 is incorrect as there is no evidence provided to suggest this was the Prime Minister's first international trip of the year. [Source: https://www.dawn.com/news/2012743/pm-shehbaz-arrives-in-turkiye-on-official-visit, 03 Jul 2026]
#938
Which Pakistani minister accompanied Prime Minister Shehbaz Sharif during his official visit to Turkiye in July 2026?
(a) Minister of Finance Muhammad Aurangzeb
(b) Minister for Information and Broadcasting Attaullah Tarar
(c) Minister of Defence Khawaja Muhammad Asif
(d) Minister of Planning Ahsan Iqbal
Explanation: Minister for Information and Broadcasting Attaullah Tarar, along with Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, accompanied the Prime Minister on his visit. The other ministers listed were not mentioned as part of the official delegation for this specific trip. [Source: https://www.dawn.com/news/2012743/pm-shehbaz-arrives-in-turkiye-on-official-visit, 03 Jul 2026]
#939
Which official met with the Chinese delegation to discuss investment opportunities in Balochistan on March 11, 2026?
(a) Senate Deputy Chairman Syedal Khan
(b) Finance Minister of Balochistan
(c) Chairman of the Board of Investment
(d) None of these
Explanation: Senate Deputy Chairman Syedal Khan held the meeting with the Chinese delegation to discuss the $2.6 billion investment plan. The other options are incorrect as they do not accurately identify the official who hosted the delegation. [Source: https://www.dawn.com/news/1980763/chinese-firms-plan-to-invest-26bn-in-balochistan, 11 Mar 2026]
#940
On July 23, 2026, what was the primary geopolitical factor cited for the decline in Indian equity markets?
(a) Escalating tensions in the Middle East
(b) Unexpected interest rate hikes by the central bank
(c) Severe monsoon-related supply chain disruptions
(d) None of these
Explanation: The decline in Indian shares was attributed to rising oil prices caused by geopolitical tensions in the Middle East. This surge in energy costs negatively impacted investor sentiment and global risk appetite. [Source: https://www.brecorder.com/news/40431442/indian-shares-extend-drop-on-oil-surge-infosys-indigo-results-awaited, 23 Jul 2026]