Pakistan Current Affairs 5726 MCQs [Current Affairs]

• The inflation target for FY 2026–27 has been set at 8.2%.
• This was announced in the budget presented on June 12, 2026, by Finance Minister Muhammad Aurangzeb.

• The government has set a GDP growth target of 4.0% for FY 2026–27.
• Other important targets include:
• Total outlay: Rs 18.771 trillion
• Inflation target: 8.2%
• FBR tax target: Rs 15.264 trillion

• The Federal Budget 2026–27 was presented by Finance Minister Muhammad Aurangzeb on June 12, 2026.

• The Federal Budget for FY 2026–27 was presented on June 12, 2026, by Finance Minister Muhammad Aurangzeb.
• The total budget outlay is Rs 18.771 trillion.
• Other key highlights include:
• Defense allocation: Rs 3.000 trillion
• FBR tax revenue target: Rs 15.264 trillion
• Inflation target: 8.2%

• According to the Federal Budget 2026–27 (presented on 12 June 2026 by Finance Minister Muhammad Aurangzeb), Pakistan set a GDP growth target of 4.0%, along with an inflation target of 8.2%.

• PPP won 10 seats out of a total 24 elected seats, which made it the largest party in the assembly, though it did not achieve a full majority.

• PPP secured the highest number of seats in the election results, making it the leading party in the 2026 Gilgit-Baltistan elections, ahead of PML-N and PTI.

In the 2026 Gilgit-Baltistan Assembly elections (held on 7 June 2026), the Pakistan Peoples Party (PPP) emerged as the largest party by winning 10 out of 24 elected seats, while PML-N came second.

• As of late April 2026, the Pakistani co-founded AI startup reportedly nearing a $60 billion deal with SpaceX is Cursor (parent company Anysphere).
• The company is co-founded by Sualeh Asif, a Karachi-born software engineer and MIT graduate.

• On April 28–29, 2026, Pakistan hosted the first-ever high-level European Union (EU)–Pakistan Business Forum in Islamabad.
• The two-day event, held at the Serena Hotel, aimed to strengthen economic ties, focusing on investment and trade in sectors like green energy, digital innovation, and textiles, while launching the EU–Pakistan Business Network.