The government cited fluctuations in international market prices resulting from renewed hostilities between Iran and the US as a primary driver for the shift to daily adjustments. This volatility necessitates a more responsive pricing mechanism. [Source: https://www.dawn.com/news/2016504/daily-fuel-price-adjustments-to-curb-market-abuse-ensure-fair-prices-petroleum-minister, 18 Jul 2026]
63412
Consider the following statements regarding the government's current economic strategy:
1. The government introduced new taxes in the current fiscal year to boost revenue.
2. The government is moving toward the tokenisation of cryptocurrency as a regulated activity.
3. The closure of the Afghanistan border has negatively impacted the country's export-led growth strategy.
Which of the statements given above is/are correct?
Statement 1 is incorrect because the Finance Minister stated that no new taxes were introduced this year, focusing instead on enforcement. Statements 2 and 3 are accurate reflections of the government's regulatory stance and current trade challenges. [Source: https://www.dawn.com/news/2008354/aurangzeb-terms-tax-asaan-scheme-for-traders-a-paradigm-shift, 16 Jun 2026]
63413
What percentage reduction in fuel allowance was mandated for official vehicles under the austerity measures?
The government mandated a 50 percent reduction in fuel allowances for official vehicles to conserve resources. Other percentages listed do not correspond to the specific fuel conservation policy enacted. [Source: https://www.dawn.com/news/1999437/pm-extends-austerity-drive-till-june-13-to-deal-with-impact-of-middle-east-war, 11 May 2026]
63414
Consider the following statements about the political transition in the United Kingdom on July 20, 2026:
1. Andy Burnham was appointed by King Charles III to form a new government.
2. The transition occurred following the resignation of Keir Starmer.
3. Andy Burnham indicated that his first diplomatic calls would include the leaders of the United States and Ukraine.
Which of the statements given above are correct?
All three statements are factually accurate based on the events of July 20, 2026. Burnham was appointed by the King, succeeded Starmer, and confirmed his intent to contact the US and Ukrainian presidents. [Source: https://www.dawn.com/news/2017007/andy-burnham-becomes-uk-pm-says-britain-needs-to-regain-stability, 20 Jul 2026]
63415
What is the fixed coupon rate set for Pakistan's inaugural Panda bond issuance?
The bond was issued at a competitive coupon rate of 2.5 percent, which market analysts attributed to strong investor demand and confidence in Pakistan's fiscal management. [Source: https://www.dawn.com/news/2000249/pakistan-raises-250m-equivalent-in-inaugural-panda-bond-issuance, 14 May 2026]
63416
Which of the following institutions is NOT among those the Finance Minister is scheduled to meet during his July 2026 visit?
The Finance Minister's schedule includes meetings with the USTR, Exim Bank, DFC, and the IMF. The World Trade Organization is not listed as a meeting partner for this specific bilateral visit to Washington. [Source: https://www.dawn.com/news/2016679/finance-minister-aurangzeb-arrives-in-us-on-3-day-visit-expected-to-hold-talks-on-trade-finance-investment, 19 Jul 2026]
63417
Consider the following statements about the fuel price adjustments in April 2026:
1. The government reduced the petroleum levy by Rs80 per litre in early April 2026.
2. The price of petrol was set at Rs366.58 per litre in the week preceding April 17, 2026.
3. The government announced an unprecedented increase in fuel prices on April 2, 2026.
Which of the statements given above is/are correct?
All three statements are factually accurate based on the government's policy announcements in April 2026. The government implemented a levy reduction, maintained a specific petrol price, and executed a significant price hike earlier in the month. [Source: https://www.dawn.com/news/1992656/govt-slashes-diesel-price-by-rs32, 17 Apr 2026]
63418
The government aims to upskill Pakistani freelancers in which specific technology to increase their hourly earnings?
The government is focusing on blockchain technology to help freelancers transition from basic coding services to higher-value roles. While AI is mentioned in the broader context of Web 3.0, blockchain is the specific focus for upskilling. [Source: https://www.dawn.com/news/2008354/aurangzeb-terms-tax-asaan-scheme-for-traders-a-paradigm-shift, 16 Jun 2026]
63419
Which agency was tasked by the Prime Minister to conduct a third-party audit regarding the implementation of austerity measures?
The Prime Minister assigned the Intelligence Bureau (IB) to perform a third-party audit to ensure the effective implementation of the austerity drive. The Federal Investigation Agency and the Auditor General are distinct entities with different primary mandates. [Source: https://www.dawn.com/news/1999437/pm-extends-austerity-drive-till-june-13-to-deal-with-impact-of-middle-east-war, 11 May 2026]
63420
What tax rate has been set for traders under the newly introduced Tax Asaan Scheme?
The Finance Minister confirmed that the tax rate for traders was kept at 1 percent to encourage initial participation in the tax net. Higher rates would likely discourage the intended expansion of the tax base. [Source: https://www.dawn.com/news/2008354/aurangzeb-terms-tax-asaan-scheme-for-traders-a-paradigm-shift, 16 Jun 2026]
