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]
63372
Which of the following Apple models remained stable with no change in valuation between the January ruling and the April 2026 ruling?
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]
63373
Which of the following statements regarding the recent fuel price adjustment is INCORRECT?
The All Pakistan Dealers Association rejected the daily pricing decision and planned to protest against it, making statement C incorrect. The other statements accurately reflect the price changes and the effective date. [Source: https://www.dawn.com/news/2017065/govt-decreases-petrol-price-by-rs035-increases-diesel-by-rs571-per-litre, 20 Jul 2026]
63374
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?
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]
63375
Following the government announcement on July 20, 2026, what is the new price of petrol per litre in Pakistan?
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]
63376
Who is the current Petroleum Minister of Pakistan as of March 2026?
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]
63377
Consider the following statements about the fuel quota system:
1. The system links fuel quotas to the user's CNIC and vehicle registration number.
2. The fiscal burden of current fuel subsidies is being managed through cuts in the development programme.
3. The system allows for unlimited fuel dispensing if the user provides a digital voucher.
Which of the statements given above is/are correct?
Statement 1 and 2 are correct as they reflect the operational and fiscal realities of the policy. Statement 3 is incorrect because the system auto-validates the quota, meaning it will not dispense fuel beyond the user's specific allocated limit. [Source: https://www.dawn.com/news/1985206/mobile-app-based-fuel-quota-system-finalised-for-motorcycles-rickshaws-amid-global-oil-crisis, 25 Mar 2026]
63378
The government plans to request relief from which international organization regarding the petroleum levy?
The government intends to approach the International Monetary Fund (IMF) to seek relief on the petroleum levy to mitigate the impact of rising fuel prices. The other institutions are development banks not primarily involved in this specific fiscal policy relief. [Source: https://www.dawn.com/news/1979807/three-petrol-shipments-expected-on-monday-petroleum-minister, 08 Mar 2026]
63379
The fuel quota system for motorcycles and rickshaws is modeled after which previous government initiative?
Officials confirmed that the mechanism for the digital voucher and quota validation system is similar to the previously implemented Ramazan Package model. Other social safety nets like BISP are distinct in their operational structure. [Source: https://www.dawn.com/news/1985206/mobile-app-based-fuel-quota-system-finalised-for-motorcycles-rickshaws-amid-global-oil-crisis, 25 Mar 2026]
63380
Which of the following is NOT a requirement for the implementation of the fuel quota system at retail petrol stations?
The government requires focal persons, fund deposits, and specific mobile devices for system operation. There is no mention of mandatory solar-powered dispensers in the policy framework. [Source: https://www.dawn.com/news/1985206/mobile-app-based-fuel-quota-system-finalised-for-motorcycles-rickshaws-amid-global-oil-crisis, 25 Mar 2026]
