The KP Provincial Assembly (Powers, Immunities and Privileges) Act, 2026, received formal assent from the Governor of Khyber Pakhtunkhwa, Faisal Karim Kundi, on May 6, 2026. The Chief Minister and Speaker are involved in the legislative process, but the final constitutional assent rests with the Governor. [Source: https://www.dawn.com/news/2013628/kp-govt-enacts-law-granting-lawmakers-lifetime-official-passports-expanding-privileges, 07 Jul 2026]
602
Consider the following statements about the recent legal developments involving Malik Riaz:
1. The Bahria Town Tower on Tariq Road was attached because it was held in the name of a 'benami' frontman.
2. Malik Riaz is currently an absconder in the £190m Al Qadir Trust Case.
3. The National Accountability Bureau has the authority to freeze properties under the Anti-Money Laundering Act, 2010.
Which of the statements given above are correct?
All three statements are factually accurate based on the investigation details provided. The Tariq Road tower was linked to a frontman, the Al Qadir Trust case remains an active legal matter involving the tycoon, and the 2010 Act provides the legal framework for the bureau's asset restraint powers. [Source: https://www.dawn.com/news/2013398/nab-takes-possession-of-karachis-bahria-icon-tower-amid-investigation-against-property-tycoon-malik-riaz, 06 Jul 2026]
603
Which of the following statements regarding the K2 Airways incident is INCORRECT?
The aircraft was a freighter (cargo aircraft) at the time of the incident, not a passenger jet. It had been converted from a passenger configuration to a freighter in 2012. [Source: https://www.dawn.com/news/2013645/cargo-plane-disappears-from-radar-over-arabian-sea-off-karachi, 07 Jul 2026]
604
Which entity was identified by the National Accountability Bureau as the front company used for the construction of the Bahria Icon Tower?
Investigations established that the construction of the tower and the acquisition of its land were facilitated through M/s Galaxy Construction Private Limited, which served as a front for laundering proceeds of crime. [Source: https://www.dawn.com/news/2013398/nab-takes-possession-of-karachis-bahria-icon-tower-amid-investigation-against-property-tycoon-malik-riaz, 06 Jul 2026]
605
Consider the following statements about the diplomatic context of the Strait of Hormuz conflict:
1. A 14-point memorandum of understanding was signed between the US and Iran to address the future administration of the waterway.
2. Qatar has consistently refused to participate in any mediation efforts involving Iran since the conflict began.
3. The Strait of Hormuz serves as the primary route for Gulf energy exports.
Which of the statements given above is/are correct?
Statement 1 is correct as a 14-point MOU was established. Statement 2 is incorrect because, although Qatar previously refused to mediate, it has recently played an increasingly active role in hosting indirect talks. Statement 3 is a fundamental geographical fact regarding the importance of the strait. [Source: https://www.dawn.com/news/2013627/three-ships-struck-in-hormuz-flare-up-qatar-slams-iranian-attack, 07 Jul 2026]
606
Which of the following statements regarding the National Accountability Bureau's recent actions is INCORRECT?
The court order confirming the attachment was issued on July 3, 2026, not in June. The other statements accurately reflect the bureau's actions and the property's valuation. [Source: https://www.dawn.com/news/2013398/nab-takes-possession-of-karachis-bahria-icon-tower-amid-investigation-against-property-tycoon-malik-riaz, 06 Jul 2026]
607
With which country will Iran conduct a dialogue to define future administration and maritime services in the Strait of Hormuz?
Point 5 of the agreement specifies that Iran will engage in dialogue with the Sultanate of Oman to determine the future administration of the Strait of Hormuz. This is to be done in consultation with other Persian Gulf littoral states. [Source: https://www.dawn.com/news/2008644/us-official-unveils-14-point-iran-agreement-to-halt-conflict-and-reopen-strait-of-hormuz, 17 Jun 2026]
608
Which of the following regional frameworks is primarily designed to facilitate collective security and political cooperation among its member states in the Persian Gulf region?
The Gulf Cooperation Council (GCC) is a regional intergovernmental political and economic union consisting of all Arab states of the Persian Gulf, specifically focused on regional security and economic integration, distinguishing it from the broader mandates of the Arab League or the OIC.
The Carter Doctrine, articulated in 1980, defined the Persian Gulf as a vital interest area for the United States, establishing a security framework for military intervention to prevent external control of the region's oil resources.
The Persian Gulf Strait Authority (PGSA) was announced by Iran's Supreme National Security Council to provide real-time updates and manage traffic. The other options are plausible-sounding distractors but do not represent the official entity. [Source: https://www.dawn.com/news/2001272/iran-officially-announces-new-body-to-manage-strait-of-hormuz-top-security-council, 18 May 2026]
