fruits = ['apple', 'banana', 'kiwi', 'mango', 'avocardo']
quantities = [5, 8, 7, 15, 22]
fhlt = [fruit for fruit,num in zip(fruits,quantities) if num < 10]
# => ['apple', 'banana', 'kiwi']
Edit or as a dictionary:
fruitnum = {fruit:num for fruit,num in zip(fruits, quantities) if num < 10}
# => {'apple': 5, 'banana': 8, 'kiwi': 7}
Edit2: if you are concerned about extra temporary lists, in Python 2, you can
from itertools import izip
fhlt = [fruit for fruit,num in izip(fruits,quantities) if num < 10]
instead; in Python 3 this is not necessary, as zip is already a generator.