CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Which statement correctly describes Pakistan's monetary-policy position as of 2 October 2026?
A. Policy rate 10.5%, corridor 9.5–11.5%, next meeting in 2027
B. Policy rate 11.5%, corridor 10.5–12.5%, with the next MPC meeting scheduled for 26 October 2026
C. Policy rate 12.5%, no corridor, next meeting cancelled
D. Policy rate 7%, corridor 5–9%, next meeting 14 September 2026
Correct Answer: B
The latest completed decision maintained 11.5 percent, with a 10.5–12.5 percent corridor and an October 26 meeting next on the calendar.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
According to the FY27 MPC calendar, minutes of the 14 September 2026 meeting were scheduled for the week ending:
A. 9 October 2026
B. 21 August 2026
C. 20 November 2026
D. 8 January 2027
Correct Answer: A
SBP's advance calendar lists October 9, 2026 for publication of the September MPC minutes.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The final scheduled MPC meeting of calendar year 2026 was set for:
A. 26 October 2026
B. 25 January 2027
C. 17 June 2027
D. 14 December 2026
Correct Answer: D
The FY27 calendar schedules a December 14, 2026 meeting after the October meeting.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The first upcoming MPC meeting after 2 October 2026 was scheduled for:
A. 9 October 2026
B. 14 December 2026
C. 26 October 2026
D. 25 January 2027
Correct Answer: C
SBP's FY27 advance calendar scheduled the next MPC decision for October 26, 2026.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The September 2026 decision was intended to keep monetary conditions consistent with:
A. Raising inflation above 20 percent
B. Bringing inflation toward the 5–7 percent medium-term target
C. Fixing the rupee permanently
D. Eliminating the interbank market
Correct Answer: B
The MPC judged the 11.5 percent stance appropriate for returning inflation toward its medium-term target.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The September 2026 MPC highlighted renewed upside risks from:
A. Middle East conflict, global commodity prices and supply-chain disruptions
B. Falling global energy prices only
C. Lower remittances only
D. Abolition of imports
Correct Answer: A
Geopolitical escalation and commodity/supply shocks increased uncertainty around the outlook.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The September 2026 MPC said external-account pressures remained contained partly because of:
A. A ban on all imports
B. Zero external debt
C. Fixed commodity prices
D. Robust workers' remittances and higher financial inflows
Correct Answer: D
Remittances and financial inflows helped contain external-account pressures.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Headline inflation in August 2026 increased to:
A. 8.7 percent
B. 9.2 percent
C. 11.1 percent y/y
D. 12.5 percent
Correct Answer: C
The September MPC noted headline inflation of 11.1 percent in August.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Headline inflation in July 2026 was:
A. 7.0 percent
B. 9.2 percent y/y
C. 11.1 percent
D. 11.7 percent
Correct Answer: B
The September statement compared August inflation of 11.1 percent with 9.2 percent in July.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
A sovereign-rating development noted in the July 2026 policy discussion was an upgrade by:
A. Standard & Poor's
B. World Trade Organization
C. UNDP
D. FATF
Correct Answer: A
The July policy discussion noted S&P's upgrade of Pakistan's sovereign rating.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
SBP's FX reserves had surpassed which end-June 2026 target by the July policy review?
A. US$12 billion
B. US$15 billion
C. US$25 billion
D. US$18 billion
Correct Answer: D
The July review noted that reserves had exceeded the $18 billion end-June target.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The current-account deficit projection for FY27 was around:
A. 3–4 percent of GDP
B. 5–7 percent of GDP
C. 0–1 percent of GDP
D. A guaranteed surplus of 5 percent
Correct Answer: C
SBP's policy outlook kept the current-account deficit in a relatively contained 0–1 percent of GDP range.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The SBP expected inflation by June 2027 to move toward:
A. 20 percent
B. The upper end of the 5–7 percent target range
C. Zero percent
D. A fixed 11.5 percent
Correct Answer: B
The July/September outlook expected inflation to ease gradually toward the upper bound of the target range by June 2027.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The FY27 real GDP growth range communicated around the July 2026 policy review was:
A. 3.5–4.5 percent
B. 1–2 percent
C. 5–7 percent
D. 7–9 percent
Correct Answer: A
The July policy outlook placed FY27 real GDP growth in a 3.5–4.5 percent range.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The July 2026 MPC assessed Pakistan's macroeconomic outlook as:
A. Completely risk-free
B. Much worse in every indicator
C. Irrelevant to policy
D. Improved from the previous meeting but still exposed to heightened risks
Correct Answer: D
The July MPC noted improvement but continued vulnerability, especially to Middle East developments.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Private-sector credit growth cited in the June MPC statement was around:
A. 3 percent
B. 7 percent
C. 13 percent
D. 25 percent
Correct Answer: C
Private-sector credit was reported to be growing by around 13 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Broad money (M2) growth as of May 29, 2026 had moderated to:
A. 10.5 percent
B. 14.3 percent y/y
C. 16.0 percent
D. 20.0 percent
Correct Answer: B
The June statement reported M2 growth of 14.3 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The FY27 primary-balance surplus target cited in June was:
A. 2.0 percent of GDP
B. 0.5 percent
C. 2.5 percent
D. 5.0 percent
Correct Answer: A
For FY27, the government targeted a primary surplus of 2 percent of GDP.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The government expected an FY26 primary-balance surplus of:
A. 0.5 percent
B. 1.0 percent
C. 4.5 percent
D. 2.5 percent of GDP
Correct Answer: D
The June MPC statement cited a government expectation of a 2.5 percent of GDP primary surplus.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The FBR's revised FY26 tax-revenue target cited by the June MPC was approximately:
A. Rs8 trillion
B. Rs10 trillion
C. Rs13 trillion
D. Rs18 trillion
Correct Answer: C
The June statement said the FBR had revised its FY26 target to around Rs13 trillion.