The conditions precedent included regulatory, commercial, and governance matters such as taxation, infrastructure, and policy reforms. The Prime Minister does not directly appoint himself to the board of the privatized entity. [Source: https://www.dawn.com/news/2011655/govt-formally-transfers-management-control-of-pia-to-arif-habib-led-consortium, 29 Jun 2026]
1212
According to the Ministry of Finance, the current account recorded a surplus of how much during the period of July 2025 to May 2026?
The external sector remained stable, with the current account recording a surplus of 255 million dollars during the Jul-May period of the 2026 fiscal year, supported by remittances and IT exports. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
1213
The primary surplus achieved by Pakistan during the period of July 2025 to April 2026 was:
Effective expenditure management and revenue mobilization efforts enabled the government to achieve a primary surplus of 3.5 percent of GDP during the Jul-Apr period of the 2026 fiscal year. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
1214
On which date did the Privatisation Commission announce the formal transfer of management control of PIACL?
The formal transfer of management control was announced by the Privatisation Commission on June 29, 2026. January 29, 2026, was the date the Share Purchase and Subscription Agreement (SPSA) was executed. [Source: https://www.dawn.com/news/2011655/govt-formally-transfers-management-control-of-pia-to-arif-habib-led-consortium, 29 Jun 2026]
1215
Consider the following statements about Pakistan's economic outlook for 2026:
1. The government expects inflationary pressures to ease due to the reopening of the Strait of Hormuz.
2. The size of the national economy reached 452.1 billion dollars by the end of the fiscal year.
3. The consumer price index (CPI) inflation for June 2026 was recorded at 15 percent.
Which of the statements given above is/are correct?
Statement 1 and 2 are factually correct based on the Ministry of Finance report. Statement 3 is incorrect because the ministry anticipated June inflation to remain within the range of 11-12 percent, not 15 percent. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
1216
Which economic principle serves as the foundational justification for international trade by suggesting that nations should specialize in producing goods where they possess a lower opportunity cost?
Comparative Advantage is the core economic doctrine explaining why trade is mutually beneficial, even if one nation is more efficient at producing all goods, by focusing on relative efficiency and opportunity costs.
The Marrakesh Agreement, which formalized the transition from the General Agreement on Tariffs and Trade (GATT), established which of the following international bodies?
The Marrakesh Agreement (1994) established the World Trade Organization (WTO) as the successor to the GATT, providing a permanent institutional framework for multilateral trade governance.
Article 129 of the Constitution of Pakistan explicitly mandates that the executive authority of the province shall vest in the Governor and be exercised by him, either directly or through officers subordinate to him, in accordance with the Constitution.
The government's commitment to IMF programs was reinforced by specific rating upgrades from Fitch and Moody's, which helped improve the overall investment climate. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
1220
Consider the following statements about the economic indicators of Pakistan in FY2026:
1. The GDP growth rate of 3.7pc is the highest recorded in the past four years.
2. The electricity, gas, and water supply industry experienced contraction during the fiscal year.
3. Large-scale manufacturing (LSM) recorded a decline of 6.1pc during the period.
Which of the statements given above is/are correct?
Statement 1 is correct as 3.7 percent is the highest growth in four years. Statement 2 is correct because the electricity, gas, and water supply industry contracted due to subsidy declines. Statement 3 is incorrect because LSM actually saw a rebound of 6.1 percent, not a decline. [Source: https://www.dawn.com/news/2006877/economy-grows-37pc-in-fy26-fastest-in-four-years-but-short-of-target, 11 Jun 2026]
