Current Affairs - 2026 | Solved Past Papers & Mcqs | Pakquiz
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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.
Question 1: What is the total allocation earmarked for energy sector subsidies, including power tariff differentials, in the Federal Budget 2026–27?
To manage the circular debt burden and shield low-income consumers using up to 200 units, the federal government allocated Rs 1,190 billion for energy sector subsidies in FY 2026–27.
Question 2: Under the targeted agricultural relief measures in the Federal Budget 2026–27, sales tax on the import and local supply of which component was completely exempted?
To lower input costs for farmers and boost crop yields, the government completely exempted certified agricultural seeds from domestic sales tax in the FY 2026–27 budget.
Question 3: The budget extended the special zero-duty import concessions targeting which defense-related sector?
Under modifications incorporated directly into the Fifth Schedule of the Customs Act, sovereign exemptions were continued to cover strategic Defence Imports without duty additions.
Question 4: Under the structural port and terminal optimization frameworks integrated into the Finance Bill, services rendered at ports are subject to a standard rate of:
To consolidate marine trade taxation parameters, services managed through nationwide port and cargo terminal stations are streamlined at a 12% rate baseline.
Question 5: Pakistan's national Tax-to-GDP ratio improved to what percentage level during the economic stabilization cycle captured in the budget?
Enhanced collection structures and tax net expansion actions allowed the national Tax-to-GDP ratio to rise from 8.5% up to 10.3%.
Question 6: Workers' remittances tracking into Pakistan's balance of payments crossed which milestone during the fiscal review cycle?
Expatriate worker inflows exhibited solid momentum, clocking in at $38 billion for the first 11 months, heading toward an annual closing above $41 billion.
Question 7: What is the calculated nominal per capita income of Pakistan as per the official evaluations attached to the budget documents?
Driven by relative exchange rate stability and output recovery, the nominal per capita income figure was recorded at $1,901.
Question 8: According to the Pakistan Economic Survey details released alongside the budget, the country's Gross Domestic Product (GDP) reached what total dollar value?
The official Economic Survey documents presented prior to the budget show that Pakistan's nominal economic volume expanded to $452 billion.
Question 9: What is the primary monetary policy discount rate baseline in Pakistan at the closing of the pre-budget cycle, as highlighted in macro reports?
Reflecting rapid disinflation, the central bank policy rate successfully receded from a high peak of 22% down to 11.5% during the review timeline preceding the budget.
Question 10: The budget has explicitly protected and secured a baseline of how much funding out of the total estimated FBR tax pool for strategic national purposes before Article 164 clawbacks?
Finance speech structures outlined that a foundational minimum of Rs 13,350 billion is completely protected and insulated within the national resource framework for core national requirements.
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