Current Affairs | Solved Past Papers & MCQs | PakQuiz
Current Affairs focuses on recent national and global developments in politics, economy, governance, science, technology, sports, and international relations. It helps candidates stay informed about current events that are frequently tested in competitive exams, interviews, and general knowledge assessments.
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Question 1: Which tax-related transformation plan was a key pillar of the IMF third review discussions in March 2026?
The IMF emphasized FBR reforms, including digital invoicing and enhanced taxpayer audits, to broaden the tax base.
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Question 2: By late March 2026, the Pakistani Rupee (PKR) was trading in the interbank market around which range?
Despite global pressure, the Rupee remained relatively stable throughout Q1, trading near the 279 level.
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Question 3: Which organization partnered with Pakistan in February 2026 to launch a new 'Digital Agriculture' initiative?
The World Bank supported a digital transformation project to improve crop yields and fertilizer efficiency in Pakistan.
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Question 4: The 'One Big Beautiful Bill Act' (OBBBA) in the US impacted the global economy in early 2026. What was its primary effect on Pakistan?
The US fiscal stimulus strengthened the Dollar, making it more expensive for countries like Pakistan to service debt and pay for imports.
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Question 5: Which South Asian regional trade hub was highlighted in 2026 policy documents as central to Pakistan's 'geo-economics' shift?
Gwadar remains the focal point of Pakistan's strategy to become a regional trade and connectivity hub.
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Question 6: In late March 2026, the SBP reported that total national foreign exchange reserves (including commercial banks) stood at approximately:
Combined reserves of SBP and commercial banks reached $21.7 billion by the end of March.
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Question 7: What was the primary surplus target for the FY2026 budget, as reaffirmed during the March IMF review?
Pakistan committed to maintaining a primary surplus of 1.6% of GDP for the current fiscal year.
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Question 8: The SBP recently reduced the Cash Reserve Requirement (CRR) for banks from 6% to what level in January 2026?
The SBP reduced the CRR to 5% to increase liquidity and encourage private sector credit growth.
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Question 9: Which food category saw a significant decline in prices (deflation) during Q1 2026?
Perishable food prices declined by approximately 20% in early 2026, helping to lower overall inflation.
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Question 10: According to the PBS, what was the growth rate of IT services exports in early 2026?
IT services remained a bright spot, showing a growth of 19.8% to reach $2.2 billion in the first half of the fiscal year.
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