The policy aims to reduce, not increase, the production of furnace oil and low-quality petroleum products. The other three options are core objectives of the approved amendments. [Source: https://www.dawn.com/news/2018968/pm-orders-increase-in-countrys-strategic-petroleum-reserves-changes-to-oil-refining-policy-approved, 28 Jul 2026]
542
Which financial institution filed the petition in the Islamabad High Court challenging the super tax levy?
Meezan Bank Ltd was the petitioner that challenged the constitutional validity of the super tax levy. The court dismissed the petition, ruling in favor of the Federation and the Federal Board of Revenue. [Source: https://www.dawn.com/news/2018924/islamabad-high-court-dismisses-bank-petition-on-super-tax, 28 Jul 2026]
543
The dispute involving the super tax levy in the Islamabad High Court case amounted to approximately how much money?
The legal dispute between the bank and the tax authorities involved a super tax liability of approximately Rs 11 billion. The court upheld the levy, vacating interim stay orders. [Source: https://www.dawn.com/news/2018924/islamabad-high-court-dismisses-bank-petition-on-super-tax, 28 Jul 2026]
544
Consider the following statements regarding the economic situation in Pakistan as of July 2026:
1. The SBP's decision to maintain the policy rate is supported by domestic trade bodies to curb inflation.
2. Private sector credit showed signs of recovery in June 2026.
3. Industrial stakeholders argue that a single-digit interest rate is necessary to improve export competitiveness.
Which of the statements given above is/are correct?
Statement 1 is incorrect because domestic trade bodies (FPCCI, Korangi Association) criticized the policy rate as contractionary, not supportive. Statements 2 and 3 are factually accurate reflections of the economic sentiment and data reported in July 2026. [Source: https://www.dawn.com/news/2018929/policy-rate-pause-splits-stakeholders, 28 Jul 2026]
545
Consider the following statements about the rejoinder filed by the KP Chief Minister:
1. The Chief Minister admitted that the provincial government provided funding for the movement.
2. The rejoinder asserts that policy decisions regarding political movements fall under the domain of political parties.
3. The Chief Minister argued that the petition is based on speculative fears rather than actual violations of rights.
Which of the statements given above is/are correct?
Statement 1 is false because the Chief Minister stated that the government has no role in the formation or funding of such movements. Statements 2 and 3 are accurate representations of the arguments presented in the rejoinder. [Source: https://www.dawn.com/news/2018901/no-release-imran-force-exists-kp-cm-tells-federal-constitutional-court, 28 Jul 2026]
546
Consider the following statements about the railway infrastructure crisis on 2026-07-28:
1. The flooding caused breaches at 25 locations along the Lahore-Faisalabad route.
2. The Karakoram Express was completely cancelled due to the damage.
3. The Met Office warned of continued flood risks in major rivers due to monsoon rains.
Which of the statements given above is/are correct?
Statement 1 is correct as 25 breaches were reported. Statement 2 is incorrect because the Karakoram Express was diverted, not cancelled. Statement 3 is correct as the Met Office issued warnings regarding the monsoon flood risk. [Source: https://www.dawn.com/news/2018903/floodwaters-sever-rail-link-between-lahore-faisalabad, 28 Jul 2026]
547
Which body is coordinating with the Ministry of National Heritage and Culture for the land acquisition of the proposed new museum?
The Capital Development Authority (CDA) is the designated entity assisting in the land acquisition process for the new museum project. The Punjab Archaeology Department is involved in site conservation but not the museum's land acquisition in Islamabad. [Source: https://www.dawn.com/news/2018915/513-smuggled-artefacts-repatriated-from-us, 28 Jul 2026]
548
In July 2026, Israel announced the redeployment of forces in which region as part of US-backed agreements?
On July 21, 2026, Israel announced the redeployment of some of its forces in southern Lebanon. This action was taken in accordance with agreements reached with Lebanese authorities. [Source: https://www.dawn.com/news/2018884/iran-tops-agenda-as-netanyahu-due-to-meet-trump, 28 Jul 2026]
549
Which institution was highlighted by Ishaq Dar as a 'one-window facility' to assist potential US investors in Pakistan?
The Special Investment Facilitation Council (SIFC) was established to provide a streamlined, one-window facility for investors. The Board of Investment is a separate entity and not the specific mechanism highlighted in this context. [Source: https://www.dawn.com/news/2018989/dar-says-pakistan-confident-bilateral-trade-with-us-can-double-to-20bn-in-next-5-years, 28 Jul 2026]
550
Consider the following statements about plastic waste management in Pakistan:
1. Pakistan has the lowest marine plastic pollution rates in South Asia according to the World Bank.
2. Mechanical compaction is one of the suggested methods for more responsible MLP handling.
3. The informal recycling sector in Shershah is currently capable of fully neutralizing the toxic emissions from burning MLP.
Which of the statements given above is/are correct?
Statements 1 and 2 are factually accurate based on the provided information. Statement 3 is incorrect because the informal sector lacks the technology to neutralize toxic emissions, which are a major environmental concern. [Source: https://www.dawn.com/news/2018964/is-that-a-biscuit-wrapper-youre-breathing, 28 Jul 2026]
