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.
#13681
Consider the following statements about the US-NATO relationship in 2026: 1. The US President described NATO as a 'one-way street' due to the lack of support for escort operations. 2. The US President claimed that the US military no longer requires assistance from NATO countries. 3. The US President confirmed that he has already finalized a plan to withdraw from the NATO alliance.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statements 1 and 2 are accurate reflections of the President's public statements regarding NATO's role and US military self-sufficiency. Statement 3 is incorrect because the President stated he had 'nothing currently in mind' regarding a change in the US relationship with NATO, despite suggesting it was something to think about. [Source: https://www.dawn.com/news/1983125/trump-blasts-foolish-nato-on-iran-says-us-needs-no-help-after-allies-rebuff-call-for-help-on-hormuz, 17 Mar 2026]
#13682
Who among the following was present at the meeting held on March 14, 2026, to review the implementation of austerity measures?
(a) Minister of Defence
(b) Chairman of the Federal Board of Revenue
(c) Governor of the State Bank of Pakistan
(d) None of these
Explanation: FBR Chairman Rashid Mahmood Langrial attended the meeting alongside the Finance and Petroleum ministers. The presence of the FBR head underscores the focus on revenue and fiscal management during the crisis. [Source: https://www.dawn.com/news/1982016/employees-of-soes-other-govt-supervised-bodies-to-face-5-30pc-salary-cut-as-part-of-austerity-measures-pmo, 14 Mar 2026]
#13683
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]
#13684
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]
#13685
Which of the following sectors was explicitly identified as having vast export potential during the meeting held on March 15, 2026?
(a) Textiles and garments
(b) Automobile manufacturing
(c) Information technology
(d) Meat and dairy
Explanation: The official briefing highlighted that Pakistan's agricultural sector, specifically including meat, poultry, dairy, and seafood, possesses significant export potential. Textiles and IT were not the focus of this food-security-centric meeting. [Source: https://www.dawn.com/news/1982358/pm-shehbaz-directs-formulation-of-strategy-for-exporting-surplus-food-items-to-gulf-countries, 15 Mar 2026]
#13686
Which Apple mobile phone models remained stable with no change in valuation between the January and April 2026 rulings?
(a) iPhone 15 Pro Max and iPhone 14
(b) iPhone 13 and iPhone 12 Pro
(c) iPhone XS Max and iPhone SE 3
(d) iPhone 11 and iPhone XR
Explanation: The iPhone XS Max and iPhone SE 3 were identified as the most stable models, showing no change in their customs valuation between the two rulings. Other models experienced varying degrees of upward revision. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#13687
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]
#13688
Consider the following statements about the energy sector performance in June 2026: 1. The price of Regasified Liquefied Natural Gas (RLNG) nearly doubled compared to the same month in the previous year. 2. Nuclear power generation was identified as a zero-fuel-cost energy source. 3. The fuel cost for imported coal was significantly higher than the fuel cost for local coal.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 is correct as RLNG prices rose sharply. Statement 3 is correct as imported coal cost Rs16.65 per unit versus Rs11.5 per unit for local coal. Statement 2 is incorrect because nuclear power has a reported fuel cost of Rs2.85 per unit, unlike hydropower which is a zero-fuel-cost source. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
#13689
Which of the following statements regarding the 2026 mobile phone valuation revision is INCORRECT?
(a) The new ruling abolished the existing framework regarding six-month activation and freight adjustment.
(b) The revision process included a consultation meeting with relevant stakeholders held on April 13, 2026.
(c) The new valuation applies to imports of old and used mobile phones in commercial quantities.
(d) The revision aims to align assessed values for duty and tax purposes with prevailing market rates.
Explanation: The 2026 ruling did not abolish the existing framework; rather, it preserved the earlier regulatory requirements concerning six-month activation, higher declared value, and freight adjustment. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#13690
Consider the following statements about the 2026 customs valuation revision: 1. The revision was implemented to align assessed values with prevailing market rates. 2. The sharpest upward increases were recorded in older flagship and mid-range Samsung and Google Pixel devices. 3. Newer flagship models, such as the iPhone 15 Pro Max, experienced the highest percentage increase in valuation compared to older models. 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 primary goal was market alignment. Statement 2 is correct as older Samsung and Pixel devices saw the steepest jumps. Statement 3 is incorrect because newer flagship models like the iPhone 15 Pro Max saw relatively moderate increases (9.78 percent) compared to the sharp spikes in older models. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#13691
Consider the following statements about the geopolitical situation reported on July 17, 2026: 1. The US Central Command reported a sixth consecutive night of strikes against Iranian military capabilities. 2. Qatar's defence ministry reported thwarting an Iranian missile attack. 3. Both Brent and WTI crude benchmarks have seen a decline of nearly 12 percent over the week. 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 based on the report. Statement 3 is incorrect because the benchmarks climbed nearly 12 percent, rather than declining. [Source: https://www.dawn.com/news/2016168/oil-rises-on-intensifying-us-iran-hostilities-threat-of-red-sea-closure, 17 Jul 2026]
#13692
The total additional financial burden proposed to be recovered from consumers through the August 2026 bills is:
(a) Rs15.7 billion
(b) Rs10.5 billion
(c) Rs18.2 billion
(d) Rs22.4 billion
Explanation: The petition filed by the power companies aims to recover an additional Rs15.7 billion from consumers across all power utilities, including ex-Wapda Discos and K-Electric, to offset the higher fuel costs. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
#13693
Following the price adjustment effective from May 9, 2026, what is the new price of petrol per litre in Pakistan?
(a) Rs378.00
(b) Rs414.78
(c) Rs414.58
(d) None of these
Explanation: The government increased the price of petrol by Rs14.92, bringing the total to Rs414.78 per litre. Option C represents the price of high-speed diesel, while option A refers to a previous price point. [Source: https://www.dawn.com/news/1998722/govt-hikes-petrol-by-rs1492-per-litre-diesel-by-rs15, 08 May 2026]
#13694
According to the IMF requirements mentioned in the June 2026 discussions, what is the approximate additional revenue target set for the federal government?
(a) Rs 500 billion
(b) Rs 430 billion
(c) Rs 350 billion
(d) Rs 600 billion
Explanation: The IMF requested the federal government to introduce at least Rs 430 billion in additional budgetary measures. A matching target of Rs 430 billion was also set for the provinces. [Source: https://www.dawn.com/news/2005897/ppp-shares-tax-related-reservations-in-pre-budget-meeting-with-dar-say-sources, 07 Jun 2026]
#13695
The budget for the fiscal year 2026-27 was scheduled to be announced on which date?
(a) June 7, 2026
(b) June 8, 2026
(c) June 12, 2026
(d) June 10, 2026
Explanation: The federal budget for FY2026-27 was officially scheduled for announcement on Wednesday, June 10, 2026. This date followed the final rounds of pre-budget negotiations between the coalition partners. [Source: https://www.dawn.com/news/2005897/ppp-shares-tax-related-reservations-in-pre-budget-meeting-with-dar-say-sources, 07 Jun 2026]
#13696
Consider the following statements about the Breathe Pakistan International Climate Change Conference: 1. The conference was a two-day event held in May 2026. 2. Senate Chairman Yousuf Raza Gilani emphasized that internal stability and regional calm are necessary for the climate agenda. 3. The conference was exclusively attended by government officials and had no representation from the private sector. 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 event details. Statement 3 is incorrect because the conference explicitly included corporate leaders and representatives from the banking and energy sectors. [Source: https://www.dawn.com/news/1998144/breathe-pakistan-international-climate-change-conference-concludes-with-calls-for-climate-resilience-coordinated-action, 07 May 2026]
#13697
The global fuel supply crunch mentioned in the context of 2026 is linked to the closure of which strategic maritime chokepoint?
(a) Suez Canal
(b) Strait of Hormuz
(c) Strait of Malacca
(d) Bab-el-Mandeb Strait
Explanation: The Strait of Hormuz is identified as the critical passage through which one-fifth of the world's oil and gas supply passes. Its closure due to regional conflict has significantly impacted global fuel prices. [Source: https://www.dawn.com/news/1998722/govt-hikes-petrol-by-rs1492-per-litre-diesel-by-rs15, 08 May 2026]
#13698
Which of the following statements regarding the petroleum price adjustments in 2026 is INCORRECT?
(a) The government has maintained a fixed, unchanging price for fuel since the beginning of the year.
(b) Petrol is primarily used in private transport and small vehicles.
(c) The government has been revising petroleum prices on a weekly basis on Friday nights.
(d) High-speed diesel is used for large generators.
Explanation: The government has frequently adjusted prices in response to market volatility, making the claim that prices remained fixed INCORRECT. The other statements accurately reflect the usage patterns and the frequency of price revisions. [Source: https://www.dawn.com/news/1998722/govt-hikes-petrol-by-rs1492-per-litre-diesel-by-rs15, 08 May 2026]
#13699
What is the total value of the emergency fund that the government plans to utilize to absorb petroleum price shocks as of 2026-03-12?
(a) Rs289 billion
(b) Rs589 billion
(c) Rs489 billion
(d) Rs389 billion
Explanation: The government has allocated a Rs389 billion emergency fund to mitigate the impact of rising global fuel prices on domestic consumers. Other options represent incorrect figures that do not align with the official fiscal planning mentioned. [Source: https://www.dawn.com/news/1981355/govt-mulling-not-hiking-prices-of-petroleum-products-further-despite-increase-in-global-market, 12 Mar 2026]
#13700
Which of the following is NOT a stated area of focus for the IMF discussions with Pakistan in 2026?
(a) Immediate privatization of all state-owned enterprises
(b) Maintaining a sufficiently tight monetary policy
(c) Advancing reforms to improve the viability of the energy sector
(d) Sustaining fiscal consolidation to strengthen public finances
Explanation: The IMF statement highlighted fiscal consolidation, monetary policy, and energy sector reforms as key areas of progress. Immediate privatization of all state-owned enterprises is not listed as a specific focus area in the mission's end-of-mission statement. [Source: https://www.dawn.com/news/1981220/imf-mission-fails-to-reach-staff-level-agreement-with-pakistan-talks-to-continue, 12 Mar 2026]