The Prime Minister highlighted that government subsidies were utilized to mitigate the impact of fuel price increases on ordinary citizens, including transport operators and motorcycle riders. This falls under the broader category of fuel and energy consumers. [Source: https://www.dawn.com/news/2015941/pm-shehbaz-warns-renewed-us-iran-conflict-could-hit-economy-again, 16 Jul 2026]
63452
What was the new price of high-speed diesel per litre following the reduction announced on April 17, 2026?
Following the reduction of Rs32.12, the price of high-speed diesel was adjusted from Rs385.54 to Rs353.43 per litre. The other figures represent different price points mentioned in the context of recent fuel adjustments. [Source: https://www.dawn.com/news/1992656/govt-slashes-diesel-price-by-rs32, 17 Apr 2026]
63453
Consider the following statements about the austerity measures implemented in 2026:
1. The working week for all government offices was reduced to four days.
2. The austerity measures applied equally to the agriculture and industrial sectors.
3. Parliamentarians were subject to a 25 percent salary reduction.
Which of the statements given above is/are correct?
Statement 1 is correct regarding the four-day work week. Statement 3 is correct regarding the 25 percent salary cut for parliamentarians. Statement 2 is incorrect because the measures specifically excluded the agriculture and industrial sectors. [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]
63454
The Federal Board of Revenue (FBR) functions under the administrative control of which division?
The Federal Board of Revenue operates under the Revenue Division, which is a part of the Ministry of Finance. It is the primary agency responsible for the collection of federal taxes in Pakistan.
The meeting focused on the economic repercussions of renewed hostilities between the United States and Iran. Other regional conflicts, while significant, were not the primary subject of this specific policy review. [Source: https://www.dawn.com/news/2015941/pm-shehbaz-warns-renewed-us-iran-conflict-could-hit-economy-again, 16 Jul 2026]
63456
Consider the following statements about the FY27 budget proposals:
1. The super tax has been completely abolished for all exporters.
2. The government has proposed a freeze on provincial development allocations for a period of three years.
3. The finance minister emphasized that the current economic strategy is shifting from stabilization to public-private partnership models.
Which of the statements given above is/are correct?
All three statements are accurate: the super tax was abolished for exporters, provincial development allocations are frozen for three years to assist with pressing needs, and the government is actively promoting the public-private partnership (PPP) model to drive economic growth. [Source: https://www.dawn.com/news/2007563/finance-minister-terms-proposed-fy27-budget-as-significant-progress-in-path-to-economic-growth, 13 Jun 2026]
63457
Which cabinet minister resigned from the government following the appointment of Andy Burnham?
Rachel Reeves, the finance minister, announced her departure from the government upon the transition of power to Andy Burnham. The other individuals listed were not identified as resigning in the context of this specific leadership change. [Source: https://www.dawn.com/news/2017007/andy-burnham-becomes-uk-pm-says-britain-needs-to-regain-stability, 20 Jul 2026]
63458
High-speed diesel is primarily utilized in which of the following sectors?
High-speed diesel is mainly used in the heavy transport sector and for large generators, whereas petrol is primarily used for private transport, small vehicles, and two-wheelers. [Source: https://www.dawn.com/news/1992656/govt-slashes-diesel-price-by-rs32, 17 Apr 2026]
63459
Consider the following statements about the US-Pakistan trade negotiations as of July 2026:
1. Pakistan successfully negotiated a reduction in the initial IEEPA-based tariff from 29 per cent to 19 per cent in 2025.
2. The temporary global tariff of 10 per cent imposed under Section 122 is scheduled to expire on July 24, 2026.
3. India is currently facing a lower proposed tariff under Section 301 than Pakistan.
Which of the statements given above is/are correct?
Statement 1 is correct regarding the 2025 tariff reduction. Statement 2 is correct as the Section 122 tariff has a 150-day statutory limit expiring on July 24, 2026. Statement 3 is incorrect because India faces a 12.5% tariff, which is higher than Pakistan's 10%. [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]
63460
What specific directive did Prime Minister Shehbaz Sharif issue regarding petroleum products during the meeting on July 16, 2026?
The Prime Minister directed provincial governments to take strict action against entities involved in creating artificial shortages of petroleum products to ensure supply stability. The other options were not part of the stated directives. [Source: https://www.dawn.com/news/2015941/pm-shehbaz-warns-renewed-us-iran-conflict-could-hit-economy-again, 16 Jul 2026]
