The government has not announced the elimination of petroleum levies; rather, it noted that these levies remain low. The other options are explicitly mentioned as goals or ongoing initiatives of the current administration. [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]
1642
Which of the following is NOT a stated objective of the new daily fuel pricing mechanism?
The reform aims to reduce state intervention, not increase it. The other options are explicitly stated goals of the new policy. [Source: https://www.dawn.com/news/2016504/daily-fuel-price-adjustments-to-curb-market-abuse-ensure-fair-prices-petroleum-minister, 18 Jul 2026]
1643
Which regulatory body has been tasked with determining fuel prices on a daily basis as of July 17, 2026?
The Petroleum Minister announced that the Oil and Gas Regulatory Authority (OGRA) is now responsible for daily fuel price adjustments based on international market trends. Other regulatory bodies like NEPRA deal with electricity, not petroleum pricing. [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]
1644
Who is the current Petroleum Minister of Pakistan as of July 2026?
Ali Pervaiz Malik is the Petroleum Minister who announced the shift to daily fuel price adjustments. Musadik Malik is a common distractor as he has previously held energy-related portfolios. [Source: https://www.dawn.com/news/2016504/daily-fuel-price-adjustments-to-curb-market-abuse-ensure-fair-prices-petroleum-minister, 18 Jul 2026]
1645
The government's new energy pricing strategy is based on a rolling average of international market prices over what duration?
The Petroleum Minister stated that the daily price announcements would be calculated based on a seven-day weekly average of international market prices. This ensures that domestic prices reflect recent global trends while smoothing out extreme daily volatility. [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]
1646
Under the ongoing Section 301 process, what is the proposed additional tariff percentage Pakistan currently faces?
Pakistan faces a proposed additional tariff of 10% under the Section 301 investigation. In contrast, India and 53 other countries are subject to a higher proposed tariff of 12.5%. [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]
1647
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]
1648
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]
1649
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]
1650
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]
