CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
Which policy stance did the IMF urge Pakistan to maintain to deal with external shocks?
A. Strong macroeconomic policies with accelerated structural reforms
B. Unlimited deficit financing
C. A permanent fixed exchange rate regardless of conditions
D. Suspension of all reforms
Correct Answer: A
The IMF emphasized strong macro policies and faster reforms to manage shocks and support sustainable growth.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
The IMF's 2026 review called for intensified efforts against:
A. Literacy
B. Exports
C. Foreign reserves
D. Corruption and governance weaknesses
Correct Answer: D
Economic governance and anti-corruption reforms form part of the structural agenda.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
Which reform area is intended to raise productivity and competitiveness?
A. Increasing unnecessary regulations
B. Restricting all private investment
C. Strengthening competition and the business environment
D. Ending market competition
Correct Answer: C
The IMF programme emphasizes competition reforms, productivity and a better business environment.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
Which of the following is a key EFF priority for Pakistan?
A. Narrowing the tax base
B. Broadening the tax base
C. Replacing taxation with money printing
D. Permanent import controls
Correct Answer: B
Broadening the tax base is a central EFF reform objective.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
The IMF said Pakistan should continue rebuilding which buffers?
A. Fiscal and foreign-exchange buffers
B. Only gold jewellery stocks
C. Only wheat procurement stocks
D. Only provincial vehicle fleets
Correct Answer: A
Programme implementation is aimed at rebuilding fiscal and foreign-exchange buffers.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
Which IMF official acted as Chair after the May 8, 2026 Executive Board discussion on Pakistan?
A. Iva Petrova
B. Kristalina Georgieva
C. Mahir Binici
D. Nigel Clarke
Correct Answer: D
Deputy Managing Director Nigel Clarke served as Acting Chair following the Board discussion.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
Higher global commodity prices in 2026 were expected to affect Pakistan mainly through:
A. Lower gravity
B. Abolition of taxation
C. Domestic energy prices and inflation
D. Automatic debt cancellation
Correct Answer: C
The IMF noted commodity-price pass-through to domestic energy prices and inflation.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
Which geopolitical factor was explicitly cited by the IMF as a major external challenge in 2026?
A. A South American debt union
B. The Middle East war/conflict
C. A Pacific fisheries dispute
D. A European customs merger
Correct Answer: B
The IMF repeatedly cited the Middle East conflict as an external shock affecting commodity prices and financing conditions.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
During the first nine months of FY2026, Pakistan's current account was described by the IMF as:
A. Broadly balanced
B. A record 10 percent deficit
C. Permanently fixed
D. Not measurable
Correct Answer: A
The IMF said the current account was broadly balanced during the first nine months of FY26.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
Pakistan's gross reserves at end-June 2025 were approximately:
A. US$9.4 billion
B. US$16 billion
C. US$20.9 billion
D. US$14.5 billion
Correct Answer: D
The IMF cited gross reserves of around US$14.5 billion at end-June 2025.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
At end-December 2025, Pakistan's gross reserves were reported by the IMF at about:
A. US$8 billion
B. US$12 billion
C. US$16 billion
D. US$21 billion
Correct Answer: C
The IMF stated gross reserves stood at about US$16 billion at end-December.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
The IMF projected Pakistan's gross reserves at end-FY2026 at approximately:
A. US$10.3 billion
B. US$17.529 billion
C. US$14.506 billion
D. US$20.907 billion
Correct Answer: B
The May 2026 selected indicators projected gross reserves of about US$17.529 billion for FY26.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
The IMF expected Pakistan's underlying primary surplus in FY2026 to be approximately:
A. 1.6 percent of GDP
B. 0.4 percent of GDP
C. 3.6 percent of GDP
D. 7.2 percent of GDP
Correct Answer: A
The May 2026 review projected an underlying primary surplus of about 1.6 percent of GDP for FY26.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
According to the IMF's May 2026 assessment, Pakistan's fiscal performance was:
A. Outside the programme entirely
B. Not assessed
C. Based only on provincial borrowing
D. Strong and broadly in line with programme targets
Correct Answer: D
The IMF described fiscal performance as strong and consistent with programme objectives.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
The combined disbursements after the May 2026 reviews were approximately:
A. SDR 1.52 billion
B. SDR 2.434 billion
C. SDR 3.348 billion
D. SDR 5.32 billion
Correct Answer: C
The IMF reported total combined disbursements of about SDR 3.348 billion.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
After the May 2026 reviews, combined disbursements under the EFF and RSF reached approximately:
A. US$3.3 billion
B. US$4.8 billion
C. US$5.8 billion
D. US$8.4 billion
Correct Answer: B
The IMF reported combined disbursements of about US$4.8 billion.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
The RSF disbursement approved in May 2026 was:
A. SDR 154 million
B. SDR 76.9 million
C. SDR 760 million
D. SDR 1 billion
Correct Answer: A
The May 2026 RSF disbursement was SDR 154 million.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
Completion of the second RSF review allowed a disbursement of approximately:
A. US$1.1 billion
B. US$1.4 billion
C. US$760 million
D. US$220 million
Correct Answer: D
The second RSF review allowed about US$220 million (SDR 154 million).
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
The EFF amount released after the third review was:
A. SDR 154 million
B. SDR 1 billion
C. SDR 760 million
D. SDR 3.348 billion
Correct Answer: C
The May 2026 EFF purchase was SDR 760 million.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan–IMF Programme 2026
Completion of the third EFF review allowed an EFF disbursement of approximately:
A. US$220 million
B. US$1.1 billion
C. US$500 million
D. US$2.2 billion
Correct Answer: B
The IMF reported around US$1.1 billion (SDR 760 million) under the EFF.