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]
63982
Following the price adjustment effective from May 9, 2026, what is the new price of petrol per litre in Pakistan?
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]
63983
The Islamic Development Bank (IsDB) functions primarily as which type of global governance institution?
The Islamic Development Bank is a multilateral development finance institution headquartered in Jeddah, focused on fostering economic development and social progress in member countries in accordance with Islamic financial principles.
Which of the following institutions is primarily responsible for the formulation and oversight of the Public Sector Development Programme (PSDP) in Pakistan?
The Planning Commission serves as the central planning agency responsible for the strategic allocation of resources through the Public Sector Development Programme, distinguishing its mandate from the fiscal management role of the Ministry of Finance.
Vietnam is a founding member of the RCEP, a mega-regional trade agreement that integrates the ASEAN bloc with key Asia-Pacific partners, excluding the United States and India, which opted out of the final agreement.
The Marrakesh Agreement transformed the GATT framework into the WTO, most notably by introducing a formal, binding Dispute Settlement Body to enforce trade rules, a significant evolution from the previous ad-hoc system.
Under the UN Charter, the Security Council holds primary responsibility for the maintenance of international peace and security, possessing the authority to issue binding resolutions.
The IMF's core mandate focuses on global monetary cooperation, financial stability, and facilitating international trade by providing policy advice and temporary financial assistance to countries with balance-of-payments problems.
Which constitutional amendment in Pakistan significantly restructured the federal-provincial legislative landscape by abolishing the Concurrent Legislative List?
The 18th Amendment (2010) fundamentally altered Pakistan's constitutional mechanism by devolving extensive legislative and administrative powers to the provinces, effectively eliminating the Concurrent Legislative List.
The SCO is a Eurasian political, economic, and security alliance that emphasizes regional stability, counter-terrorism, and geopolitical cooperation among its member states.
