The petition filed by the power companies aims to recover an additional Rs15.7 billion from consumers across all power utilities, including ex-Wapda Discos and K-Electric, to offset the higher fuel costs. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
1612
Consider the following statements about the geopolitical situation reported on July 17, 2026:
1. The US Central Command reported a sixth consecutive night of strikes against Iranian military capabilities.
2. Qatar's defence ministry reported thwarting an Iranian missile attack.
3. Both Brent and WTI crude benchmarks have seen a decline of nearly 12 percent over the week.
Which of the statements given above is/are correct?
Statements 1 and 2 are correct based on the report. Statement 3 is incorrect because the benchmarks climbed nearly 12 percent, rather than declining. [Source: https://www.dawn.com/news/2016168/oil-rises-on-intensifying-us-iran-hostilities-threat-of-red-sea-closure, 17 Jul 2026]
1613
Which regulatory body is responsible for conducting the public hearing regarding the fuel cost adjustment petition?
NEPRA is the statutory body mandated to regulate the electricity sector in Pakistan, including the approval of fuel cost adjustments. OGRA regulates the oil and gas sector, while SECP oversees corporate entities. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
1614
Consider the following statements about the energy sector performance in June 2026:
1. The price of Regasified Liquefied Natural Gas (RLNG) nearly doubled compared to the same month in the previous year.
2. Nuclear power generation was identified as a zero-fuel-cost energy source.
3. The fuel cost for imported coal was significantly higher than the fuel cost for local coal.
Statement 1 is correct as RLNG prices rose sharply. Statement 3 is correct as imported coal cost Rs16.65 per unit versus Rs11.5 per unit for local coal. Statement 2 is incorrect because nuclear power has a reported fuel cost of Rs2.85 per unit, unlike hydropower which is a zero-fuel-cost source. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
1615
Which of the following international governance institutions is primarily mandated to oversee the global financial system and ensure exchange rate stability?
The International Monetary Fund (IMF) is the central institution of the international monetary system, tasked with monitoring global economic developments and providing financial assistance to member states.
FBR Chairman Rashid Mahmood Langrial attended the meeting alongside the Finance and Petroleum ministers. The presence of the FBR head underscores the focus on revenue and fiscal management during the crisis. [Source: https://www.dawn.com/news/1982016/employees-of-soes-other-govt-supervised-bodies-to-face-5-30pc-salary-cut-as-part-of-austerity-measures-pmo, 14 Mar 2026]
1617
Which of the following sectors was specifically highlighted for enhanced collaboration between Pakistan and China during the July 2026 meeting?
The joint statement emphasized advancing high-quality development under CPEC 2.0, specifically mentioning collaboration in trade, investment, science and technology, the digital economy, and artificial intelligence. [Source: https://www.dawn.com/news/2016159/china-and-pakistan-call-on-us-iran-to-resume-talks-cease-hostilities, 17 Jul 2026]
1618
Consider the following statements about the fuel pricing policy in Pakistan as of July 2026:
1. The government has transitioned from weekly to daily fuel price revisions.
2. High-speed diesel is primarily utilized in the heavy transport sector and power plants.
3. The All Pakistan Dealers Association has fully supported the new daily pricing mechanism.
Which of the statements given above is/are correct?
Statements 1 and 2 are correct as they reflect the government's policy shift and the usage profile of diesel. Statement 3 is incorrect because the Dealers Association rejected the daily pricing decision and threatened protests. [Source: https://www.dawn.com/news/2016247/govt-increases-petrol-price-by-rs544-diesel-by-rs3105-per-litre-for-next-three-days, 17 Jul 2026]
1619
Which entity has been tasked with the responsibility of determining fuel prices on a daily basis in Pakistan?
The Petroleum Minister announced that the Oil and Gas Regulatory Authority (Ogra) is responsible for daily fuel price adjustments based on international market trends. The State Bank and Ministry of Finance are not the primary regulators for retail fuel pricing. [Source: https://www.dawn.com/news/2016247/govt-increases-petrol-price-by-rs544-diesel-by-rs3105-per-litre-for-next-three-days, 17 Jul 2026]
1620
What is the primary reason cited for the transition to daily fuel price revisions in Pakistan?
The government shifted to daily pricing to manage the impact of global market volatility and fluctuating import premiums caused by regional tensions. The Dealers Association actually opposed this change. [Source: https://www.dawn.com/news/2016247/govt-increases-petrol-price-by-rs544-diesel-by-rs3105-per-litre-for-next-three-days, 17 Jul 2026]
