July 2026 Edition
Start July Quiz
July 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#14081
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]
#14082
Who represented Pakistan at the R-4 foreign ministers' meeting held on June 21, 2026?
(a) Bilawal Bhutto Zardari
(b) Shah Mahmood Qureshi
(c) Jalil Abbas Jilani
(d) Ishaq Dar
Explanation: Deputy Prime Minister and Foreign Minister Ishaq Dar attended the meeting in Cairo on behalf of Pakistan. The other individuals listed are former foreign ministers who were not in office during this 2026 event. [Source: https://www.dawn.com/news/2009729/pakistan-saudi-arabia-turkiye-egypt-stress-importance-of-swift-conclusion-to-current-phase-of-us-iran-talks, 21 Jun 2026]
#14083
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]
#14084
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]
#14085
Consider the following statements about the R-4 meeting held on June 21, 2026: 1. The ministers reaffirmed the Palestinian cause as a central pillar for regional stability. 2. The meeting took place in Switzerland to facilitate direct US-Iran negotiations. 3. The ministers emphasized the need for a swift conclusion to the subsequent phase of US-Iran talks. 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 ministers reaffirmed the Palestinian cause. Statement 3 is correct as the ministers stressed the need for a swift conclusion to the next phase of negotiations. Statement 2 is incorrect because the R-4 meeting was held in Cairo, while the technical talks involving the US and Iran were held in Switzerland. [Source: https://www.dawn.com/news/2009729/pakistan-saudi-arabia-turkiye-egypt-stress-importance-of-swift-conclusion-to-current-phase-of-us-iran-talks, 21 Jun 2026]
#14086
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]
#14087
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]
#14088
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]
#14089
Consider the following statements about the 2026 diplomatic developments: 1. Prime Minister Shehbaz Sharif scheduled visits to Iran and Turkiye to promote the peace process. 2. The war in the Middle East, which began in February 2026, significantly impacted global energy markets. 3. Iran's President Masoud Pezeshkian proposed a regional security structure that includes external powers. 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 PM scheduled these visits for early July 2026. Statement 2 is correct as the conflict disrupted shipping and energy markets. Statement 3 is incorrect because President Pezeshkian specifically called for a structure without the interference of countries from outside the region. [Source: https://www.dawn.com/news/2011670/pm-shehbaz-to-visit-iran-turkiye-as-part-of-mediation-efforts-to-end-middle-east-war-sources, 29 Jun 2026]
#14090
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]
#14091
Which of the following statements regarding the oil market situation as of July 17, 2026, is INCORRECT?
(a) Brent crude futures experienced a rise of approximately 0.08 percent.
(b) The Red Sea has already been officially closed to all commercial shipping traffic.
(c) The US launched two major waves of air strikes in a single day on Wednesday.
(d) US West Texas Intermediate futures gained 16 cents per barrel.
Explanation: The Red Sea has not been closed; rather, there is a 'potential threat' of closure. Options A, B, and C are all factually accurate details reported on July 17, 2026. [Source: https://www.dawn.com/news/2016168/oil-rises-on-intensifying-us-iran-hostilities-threat-of-red-sea-closure, 17 Jul 2026]
#14092
Consider the following statements about the security situation in AJK as of July 14, 2026: 1. The JAAC leader Khwaja Mehran issued a 48-hour deadline to close entry points to the state. 2. Rangers were deployed to assist the police in the operation against the armed group. 3. The government reported that the majority of the population continues to support the JAAC's blockade strategy. 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 factually correct based on the Home Secretary's briefing. Statement 3 is incorrect because the government explicitly stated that the majority of the population has distanced itself from the JAAC. [Source: https://www.dawn.com/news/2015416/ajk-govt-says-operation-under-way-to-reopen-routes-blocked-by-banned-jaac, 14 Jul 2026]
#14093
What is the new price of high-speed diesel (HSD) per litre following the government's announcement on July 10, 2026?
(a) Rs310.71
(b) Rs458.41
(c) Rs281.00
(d) Rs323.30
Explanation: The government increased the price of high-speed diesel to Rs323.30 per litre. Rs310.71 is the current price of petrol, while the other figures represent historical price points. [Source: https://www.dawn.com/news/2014423/govt-raises-petrol-price-by-rs1318-diesel-by-rs1380, 10 Jul 2026]
#14094
During the visit to Shanghai on 2026-07-16, the Pakistani delegation reaffirmed commitment to high-quality development under which framework?
(a) CPEC 2.0
(b) CPEC 1.0
(c) Belt and Road Initiative
(d) Global Development Initiative
Explanation: The Foreign Office confirmed that the leaders underscored the importance of advancing high-quality development specifically under CPEC 2.0. CPEC 1.0 refers to the earlier phase of the project. [Source: https://www.dawn.com/news/2015858/pakistan-becomes-founding-member-of-world-artificial-intelligence-cooperation-organisation, 16 Jul 2026]
#14095
Which official announced the government's operation to clear routes blocked by the JAAC on July 14, 2026?
(a) Chaudhry Guftar Hussain
(b) Khwaja Mehran
(c) Raja Farooq Haider
(d) None of these
Explanation: Chaudhry Guftar Hussain, the AJK Home Secretary, addressed the press conference on July 14, 2026, to detail the government's security operation. Khwaja Mehran is identified as the leader of the proscribed JAAC, not a government official. [Source: https://www.dawn.com/news/2015416/ajk-govt-says-operation-under-way-to-reopen-routes-blocked-by-banned-jaac, 14 Jul 2026]
#14096
Following the price adjustment on July 17, 2026, what is the new price of petrol per litre?
(a) Rs316.15
(b) Rs266.00
(c) Rs354.35
(d) Rs458.41
Explanation: The price of petrol was set at Rs316.15 per litre following the increase. Rs354.35 is the new price for high-speed diesel. [Source: https://www.dawn.com/news/2016247/govt-increases-petrol-price-by-rs544-diesel-by-rs3105-per-litre-for-next-three-days, 17 Jul 2026]
#14097
The total savings identified for the quarterly tariff adjustment (QTA) refund in 2026 amount to approximately:
(a) Rs42 billion
(b) Rs54 billion
(c) Rs74 billion
(d) Rs64 billion
Explanation: The total savings accrued for the first quarter of 2026, which are being passed on to consumers, amount to approximately Rs64 billion. This figure is derived from savings in capacity charges, market operator fees, and other operational adjustments. [Source: https://www.dawn.com/news/1998087/power-consumers-to-get-rs175-per-unit-relief-over-next-3-months, 06 May 2026]
#14098
The Virtual Assets Act 2026 mandates that the licensing and supervision of virtual asset activities in Pakistan are the responsibility of which body?
(a) Securities and Exchange Commission of Pakistan
(b) Federal Board of Revenue
(c) State Bank of Pakistan
(d) Pakistan Virtual Assets Regulatory Authority
Explanation: The Virtual Assets Act 2026 explicitly designates the PVARA as the statutory authority for the regulation and oversight of virtual assets. While the State Bank of Pakistan is involved in policy changes, the specific regulatory mandate belongs to the PVARA. [Source: https://www.dawn.com/news/1996695/pm-shehbaz-says-regulatory-system-for-virtual-assets-should-be-operationalised-at-the-earliest, 01 May 2026]
#14099
Consider the following statements about the regulatory developments for virtual assets in Pakistan: 1. The Virtual Assets Act 2026 provides the legal basis for the PVARA to act as a statutory regulator. 2. The PVARA has introduced a regulatory sandbox to facilitate innovation in virtual asset services. 3. All pilot projects involving virtual assets are exempt from prior authorization requirements. 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 legal framework and the operational tools (regulatory sandbox) mentioned in the policy. Statement 3 is incorrect because the authority explicitly stated that any pilot involving virtual assets requires prior authorization. [Source: https://www.dawn.com/news/1996695/pm-shehbaz-says-regulatory-system-for-virtual-assets-should-be-operationalised-at-the-earliest, 01 May 2026]
#14100
Consider the following statements about the IMF-Pakistan economic program: 1. The staff-level agreement for the current disbursement was reached on March 27, 2026. 2. The primary surplus target for the FY26 budget is set at 1.6 percent. 3. The IMF program aims to ensure inflation remains within the State Bank of Pakistan's target range. 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 provided information regarding the staff-level agreement date, the fiscal primary surplus target, and the inflation objectives set by the IMF and the State Bank of Pakistan. [Source: https://www.dawn.com/news/1995256/imf-executive-board-to-meet-on-may-8-to-approve-disbursement-of-over-12bn-to-pakistan, 26 Apr 2026]