Current Affairs 2026 Pakistan Competitive Exams
50 questions · Current Affairs
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Question 1 of 50
How many people died in the Pakistan Army Mi-17 helicopter crash near Muzaffarabad on 10 June 2026?
ExplanationAll 22 on board died; ISPR cited a technical fault at take-off.
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Question 2 of 50
What fiscal deficit target (as % of GDP) was set in the FY2026-27 budget?
ExplanationThe deficit target was 3.6% of GDP (about Rs7.02 trillion), with a primary surplus target of 2% of GDP.
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Question 3 of 50
What was the State Bank of Pakistan's end-June FY26 foreign exchange reserves target that was exceeded, as noted in July 2026?
ExplanationThe SBP's 27 July statement said FX reserves exceeded the $18 billion end-June target (ProPakistani).
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Question 4 of 50
S&P Global Ratings upgraded Pakistan's long-term sovereign rating on 22 July 2026 from B- to which level?
ExplanationS&P lifted Pakistan to 'B' with a stable outlook, citing institutional stability and implementation of IMF-backed reforms.
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Question 5 of 50
At its first Monetary Policy Committee meeting of 2026 on 26 January, what did the SBP do to the policy rate?
ExplanationThe SBP held the rate at 10.5% on 26 January 2026 though markets expected a cut; it had cut 50 bps in December 2025.
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Question 6 of 50
What was Pakistan's operation against Afghanistan in 2026 codenamed?
ExplanationOperation Ghazab lil-Haq began with strikes on alleged TTP camps in February 2026.
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Question 7 of 50
On which date was the Pakistan federal budget 2026-27 presented?
ExplanationThe budget was presented on Friday, 12 June 2026 (Arab News, Aaj News, Anadolu).
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Question 8 of 50
What was headline CPI inflation in Pakistan in May 2026, according to the SBP's June statement?
ExplanationInflation rose from 7.3% in March to 10.9% in April and 11.7% in May, driven by energy and food prices (ARY News).
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Question 9 of 50
What is the central clause of the Mecca Joint Defence Agreement?
ExplanationThe joint statement says any armed attack on any one of the three shall be regarded as an attack against them all; analysts doubt nuclear extension.
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Question 10 of 50
What was the total outlay of the federal budget 2026-27?
ExplanationThe outlay was Rs18.77 trillion (about US$67.5 billion), up from Rs17.6 trillion the previous year.
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Question 11 of 50
Which Pakistani Field Marshal and Army Chief was reported to have helped negotiate the April 2026 US-Iran ceasefire framework?
ExplanationReports named Asim Munir along with Vance, Witkoff and Araghchi in the framework talks.
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Question 12 of 50
On which date did the Islamabad Memorandum break down, with Trump calling the deal 'over'?
ExplanationWikipedia's 2026 timeline and the Iran war ceasefire article date the breakdown to 8 July.
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Question 13 of 50
The 'Islamabad Memorandum' of 17 June 2026 was signed remotely by the presidents of which two countries?
ExplanationTrump and Pezeshkian signed remotely; Pakistan was the primary mediator.
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Question 14 of 50
What record size did Pakistan's nominal economy reach as stated at the time of the FY2026-27 budget?
ExplanationAnadolu reported a record economy of about $452 billion; Wikipedia's Economy of Pakistan page gives the same figure for 2026.
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Question 15 of 50
PRSC-EO3 was the ___ and final satellite of Pakistan's electro-optical remote sensing constellation.
ExplanationPRSC-EO3 completes the three-satellite PRSC-EOS system developed by SUPARCO.
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Question 16 of 50
The Pakistani astronaut is expected to fly on which Chinese crewed mission?
ExplanationThe flight is planned for October-November 2026 as a payload specialist.
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Question 17 of 50
How much did Pakistan's 5G spectrum auction of 10 March 2026 raise?
ExplanationThe auction raised about $507 million; Jazz, Zong and Ufone were the buyers (Wikipedia, The News).
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Question 18 of 50
What inflation rate did the FY2026-27 budget project?
ExplanationThe budget projected average inflation of 8.2%, higher than the previous year's 7%, because of higher energy prices.
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Question 19 of 50
Which team won the 2026 Pakistan Super League (PSL 11)?
ExplanationZalmi won the 3 May final by five wickets, their second title after nine years.
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Question 20 of 50
In which city was the PSL 11 final played?
ExplanationThe final was in Lahore on 3 May 2026; matches were held in Lahore and Karachi.
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Question 21 of 50
In which Pakistani city did the Gul Plaza mall fire of 17 January 2026 occur?
ExplanationThe fire killed dozens (reports vary by date); the building was sealed afterwards.
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Question 22 of 50
At what level did the SBP leave the policy rate on 27 July 2026, its first decision of FY27?
ExplanationThe rate stayed at 11.5% on 27 July, a second consecutive hold after 15 June (ProPakistani, ARY News).
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Question 23 of 50
How many teams played in PSL 11?
ExplanationPSL 11 expanded from 6 to 8 teams with Hyderabad Kingsmen and Rawalpindiz.
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Question 24 of 50
On what date was the Mecca Joint Defence Agreement signed?
ExplanationIt was signed on 7 August 2026 at Al-Safa Palace, Makkah.
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Question 25 of 50
Who captained Pakistan at the 2026 T20 World Cup?
ExplanationSalman Ali Agha took responsibility for the exit at a press conference in Kandy.
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Question 26 of 50
In which city was the SCO Council of Heads of State summit attended by PM Shehbaz Sharif where Pakistan took the 2026-27 chair?
ExplanationThe visit to Kyrgyzstan ran from 31 August to 2 September 2026; Pakistan assumed the SCO CHS chair for 2026-27.
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Question 27 of 50
By what percentage were federal public-sector salaries raised in the FY2026-27 budget?
ExplanationA 7% raise for federal public-sector employees (and pensions) was announced (Arab News, Anadolu).
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Question 28 of 50
Which Pakistani minister declared 'open war' against Afghanistan on 27 February 2026?
ExplanationDefence Minister Khawaja Asif made the declaration after Afghan Taliban attacks on border posts.
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Question 29 of 50
Which senior Iranian figure, alongside FM Abbas Araghchi, took part in the Islamabad Talks?
ExplanationParliament Speaker Ghalibaf and Araghchi represented Iran; Al Jazeera and Anadolu reported his arrival in Islamabad.
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Question 30 of 50
At which stage was Pakistan eliminated from the 2026 ICC Men's T20 World Cup?
ExplanationPakistan beat Sri Lanka by five runs but still failed to qualify for the semi-finals.
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Question 31 of 50
PRSC-EO2, launched in February 2026, used which Chinese rocket from a sea-based platform?
ExplanationPRSC-EO2 launched on a solid-fuel SD-3 rocket; PRSC-EO1 had launched in January 2025.
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Question 32 of 50
What GDP growth target was set in the FY2026-27 budget?
ExplanationThe government targeted 4% GDP growth for FY27 against about 3.7% in the outgoing year.
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Question 33 of 50
Who is the Governor of the State Bank of Pakistan quoted in the 2026 monetary policy announcements?
ExplanationGovernor Jameel Ahmad commented on inflation outlook at the January 2026 MPC meeting.
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Question 34 of 50
Approximately how much was allocated to defence in the FY2026-27 budget?
ExplanationDefence was raised by about 18% to roughly Rs3 trillion (US$10.8 billion), from about Rs2.55 trillion.
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Question 35 of 50
How many points did the US peace plan for Iran contain that was passed through Pakistan in March 2026?
ExplanationEnvoy Steve Witkoff confirmed that a 15-point US plan was shared with Iran through Pakistan around 25-26 March 2026.
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Question 36 of 50
What did Trump announce after the Islamabad Talks ended without agreement on 12 April 2026?
ExplanationAfter about 21 hours of talks Vance said there was no deal; a US naval blockade of Iranian ports followed from 13 April.
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Question 37 of 50
The first of two holiday-linked Pakistan-Afghanistan ceasefires in 2026 coincided with which occasion?
ExplanationA ceasefire was declared on 18 March until 23 March around Eid al-Fitr; another followed at Eid al-Adha.
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Question 38 of 50
Who presented Pakistan's federal budget for FY2026-27 in the National Assembly?
ExplanationFinance Minister Muhammad Aurangzeb presented the FY2026-27 budget in the National Assembly (Arab News, Aaj News, Anadolu).
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Question 39 of 50
What did the FY2026-27 budget do to the surcharge on salaried persons?
ExplanationThe budget cut income-tax rates in several salary slabs and abolished the surcharge on salaried persons (Aaj News).
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Question 40 of 50
Who captained Peshawar Zalmi in their PSL 11 title run?
ExplanationBabar Azam led Zalmi; Rizwan captained Rawalpindiz, Shadab Islamabad United and Shaheen Lahore Qalandars.
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Question 41 of 50
PRSC-EO3, launched on 25 April 2026, was carried by which rocket?
ExplanationIt lifted off from Taiyuan Satellite Launch Center on a Long March 6 rocket.
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Question 42 of 50
By how many days did the Islamabad Memorandum extend the US-Iran ceasefire?
ExplanationThe memorandum extended the ceasefire by 60 days to negotiate a final deal.
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Question 43 of 50
Pakistan's first astronaut is planned to visit which space station in late 2026?
ExplanationOne of two Pakistani candidates selected in April 2026 is to fly to China's Tiangong station for about a week.
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Question 44 of 50
Which country mediated the two-week US-Iran ceasefire of 7-8 April 2026?
ExplanationPakistan mediated the ceasefire; PM Shehbaz Sharif announced it on 8 April.
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Question 45 of 50
What FBR tax collection target was set for FY2026-27?
ExplanationThe FBR target is Rs15.26 trillion, over 8% above the Rs14.13 trillion of the previous year.
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Question 46 of 50
Which three countries signed the Mecca Joint Defence Agreement in 2026?
ExplanationShehbaz Sharif, Mohammed bin Salman and Recep Tayyip Erdoğan signed it.
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Question 47 of 50
Which team lost the PSL 11 final to Peshawar Zalmi?
ExplanationHyderabad Kingsmen, in their debut season, were the runners-up.
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Question 48 of 50
On 8 May 2026 the IMF Executive Board approved a tranche of over $1.2 billion for Pakistan under which two facilities?
ExplanationAbout $1 billion came from the third EFF review and $210 million from the second RSF review (Aaj News).
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Question 49 of 50
Which US official led the American delegation to the Islamabad Talks with Iran in April 2026?
ExplanationVP JD Vance, with Steve Witkoff and Jared Kushner, led the US team to Islamabad on 11-12 April 2026.
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Question 50 of 50
The Mecca pact built on which earlier Saudi-Pakistan agreement?
ExplanationThe August 2026 pact added Türkiye to the Saudi-Pakistan SMDA of 17 September 2025.
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