Explanation

• The Muslim Family Laws Ordinance was promulgated by President Ayub Khan on March 2, 1961
• Authority: under Pakistan's 1958 military regime.
• Basis: Formulated from the recommendations of the Rashid Commission.
• Purpose: Regulates marriage, divorce, polygamy, and inheritance to protect women and children.

Last updated by NS on 06-09-2026​​

Explanation

• The Services Sector recorded the highest growth in FY 2020–21.
• Services: 4.43% — Highest
• Industrial Sector: 3.57%
• Agriculture Sector: 2.77%
• The growth reflected Pakistan’s economic recovery after the severe disruption caused by COVID-19.

Last verified on 06-09-2026

Explanation

• Pakistan and the International Monetary Fund (IMF) reached a 37-month EFF agreement in 2024.
• The program amounted to approximately US$7 billion.
• The IMF Executive Board approved the arrangement on 25 September 2024.
• The EFF aimed to support Pakistan’s economic stability, reforms, and external financing needs.

Last verified on 06-09-2026

Explanation

• Presented By: Prime Minister Liaquat Ali Khan

  Adopted: 12 March 1949

• Adopting Body: Constituent Assembly of Pakistan

• Date of Presentation: 7 March 1949

Additional information:

• Total Members of Assembly: 75

• Members Supporting the Resolution: 21

• Minority Members: 10

• All amendments proposed by minority members were rejected.

• As a result, all 10 minority members voted against the resolution.

Last Updated on 12-01-2026

Explanation

• Before 2016, Pakistan had three stock exchanges.
• They were located in Karachi, Lahore, and Islamabad.
• These exchanges were later integrated into a single national exchange.
• The Pakistan Stock Exchange (PSX) commenced operations in January 2016.

Last verified on 04-09-2026