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1071
Consider the following statements about the energy policy changes announced on July 17, 2026:
1. The government intends to maintain strategic petroleum reserves to enhance energy security.
2. The new pricing mechanism requires ministerial approval for every daily adjustment.
3. The government is consulting with international experts to assess the feasibility of energy storage initiatives.
Which of the statements given above is/are correct?
Statement 2 is incorrect because the minister explicitly stated that prices would be adjusted without requiring approval from him or other ministers, as part of the deregulation effort. Statements 1 and 3 are correct as they reflect the government's stated intent to study and build strategic reserves with international consultants. [Source: https://www.dawn.com/news/2016227/govt-to-fix-fuel-prices-daily-due-to-renewed-hostilities-in-persian-gulf-petroleum-minister, 17 Jul 2026]
1072
Which US legislative provision was invoked by the Trump administration to impose a temporary global tariff of 10 per cent?
Following the invalidation of IEEPA-based tariffs by the Supreme Court, the administration invoked Section 122 of the Trade Act to implement a temporary 10% global tariff. Section 301 is a separate process related to specific trade practice investigations. [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]
1073
Finance Minister Muhammad Aurangzeb arrived in Washington on July 19, 2026, for a visit lasting how many days?
The Finance Minister arrived on July 19, 2026, for a scheduled three-day diplomatic visit to engage with US officials on trade and investment. This duration is explicitly stated in the official reporting of his itinerary. [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]
1074
Which federal agency was discussed in the Senate regarding its procedures for passenger screening and offloading?
The Parliamentary Affairs Minister clarified that the Federal Investigation Agency (FIA) manages immigration counters and follows established procedures for passenger scrutiny. The other agencies listed do not handle standard immigration offloading procedures. [Source: https://www.dawn.com/news/1999725/treasury-opposition-clash-in-senate-as-jui-f-senator-questions-terrorism-in-kp, 12 May 2026]
1075
Consider the following statements about the WAPDA union protests on 2026-07-27:
1. The protests were limited to the city of Lahore.
2. Union leaders warned that privatization would negatively affect the national economy.
3. The union demanded that families of employees who died in the line of duty receive benefits similar to security force martyrs.
Which of the statements given above is/are correct?
Statement 1 is false because the protest occurred in Peshawar, not Lahore. Statements 2 and 3 are accurate reflections of the union's stated position and demands. [Source: https://www.brecorder.com/news/40431892/wapda-union-rejects-privatisation-of-discos, 27 Jul 2026]
1076
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]
1077
During his previous visit in April 2026, Finance Minister Aurangzeb discussed Pakistan's plans to return to international capital markets using which financial instruments?
The Finance Minister briefed investors on plans to re-enter international capital markets specifically through the issuance of Panda Bonds and Eurobonds. These instruments are intended to diversify Pakistan's external financing sources. [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]
1078
Which of the following statements regarding the 2026 Shawwal moon sighting is INCORRECT?
The statement that the Central Ruet-e-Hilal Committee is not required to consider witness testimonies is false. The committee is explicitly mandated to make decisions based on credible witness testimonies and verified observations. [Source: https://www.dawn.com/news/1980975/eidul-fitr-likely-to-fall-on-march-21-suparco, 11 Mar 2026]
1079
What is the official body in Pakistan that holds the sole authority to announce the beginning of Islamic months based on witness testimonies?
The Central Ruet-e-Hilal Committee is the legally designated authority for declaring the start of Islamic months. Other agencies like Suparco provide scientific input, but they do not possess the final decision-making power. [Source: https://www.dawn.com/news/1980975/eidul-fitr-likely-to-fall-on-march-21-suparco, 11 Mar 2026]
1080
Consider the following statements about the political situation in Indian-occupied Kashmir:
1. The region was divided into two federally controlled territories in 2019.
2. The central government has provided a fixed deadline for the restoration of statehood.
3. The Jammu and Kashmir National Conference has been vocal in demanding the restoration of statehood.
Which of the statements given above is/are correct?
Statement 1 is correct as the region was divided in 2019. Statement 2 is incorrect because the government has stated it will restore statehood at an 'appropriate time' but has not provided a specific deadline. Statement 3 is correct as the party led the protest for statehood. [Source: https://www.dawn.com/news/2017041/hundreds-protest-in-delhi-demanding-restoration-of-autonomy-for-occupied-kashmir, 20 Jul 2026]