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.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The FY25 GDP growth comparison cited alongside the FY26 estimate was:
A. 1.9 percent
B. 3.2 percent
C. 3.7 percent
D. 5.9 percent
Correct Answer: B
The June policy review contrasted FY26's 3.7 percent with about 3.2 percent in FY25.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The provisional real GDP growth estimate for FY26 cited in June was:
A. 3.7 percent
B. 2.0 percent
C. 3.2 percent
D. 5.0 percent
Correct Answer: A
The June policy review cited provisional FY26 GDP growth of 3.7 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
SBP FX reserves as of June 5, 2026 were approximately:
A. US$14.5 billion
B. US$15.8 billion
C. US$20.2 billion
D. US$17.2 billion
Correct Answer: D
The June MPC said reserves had risen to around $17.2 billion.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The cumulative current-account deficit during July–April FY26 was approximately:
A. US$2 billion
B. US$1.1 billion
C. US$0.2 billion
D. US$3.5 billion
Correct Answer: C
The June statement reported a cumulative deficit of only $0.2 billion.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Pakistan's current account in April 2026 recorded a deficit of approximately:
A. US$0.3 billion surplus
B. US$0.3 billion
C. US$1.1 billion deficit
D. US$3 billion surplus
Correct Answer: B
The current account turned into a $0.3 billion deficit in April.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The June MPC attributed part of the inflation surge to an unexpected rise in:
A. Wheat and wheat-product prices
B. Gold production
C. Telecom licenses
D. Property-transfer fees only
Correct Answer: A
The June statement identified an unanticipated surge in wheat and related product prices.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Core inflation in May 2026 was:
A. 7.3 percent
B. 8.2 percent
C. 11.7 percent
D. 8.7 percent
Correct Answer: D
Core inflation increased further to 8.7 percent in May.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Core inflation in April 2026 was:
A. 7.3 percent
B. 8.7 percent
C. 8.2 percent
D. 10.9 percent
Correct Answer: C
Core inflation increased to 8.2 percent in April.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Headline inflation in May 2026 rose further to:
A. 8.7 percent
B. 11.7 percent y/y
C. 10.9 percent
D. 14.3 percent
Correct Answer: B
The June statement reported May inflation of 11.7 percent.