current affairs MCQ #6958

current affairs MCQ #6958

1. Question 1

   Q1. What is the "National Fiscal Pact" and its role in Pakistan's IMF EFF 2024 compliance?

   • A) A bilateral trade agreement between Pakistan and its Gulf SIFC partners
   • B) An agreement between Pakistan and China on CPEC debt restructuring terms
   • C) A pact between SBP and commercial banks on monetary policy transmission
   • D) A federal-provincial agreement under which provinces commit to generating fiscal surpluses to support the national consolidation effort required by the IMF

   Answer: A federal-provincial agreement under which provinces commit to generating fiscal surpluses to support the national consolidation effort required by the IMF

   Explanation: The National Fiscal Pact is a federal-provincial agreement signed in 2024 under which all four provinces committed to generating fiscal surpluses, a condition required by the IMF to ensure national-level debt sustainability.