Karachi, February 23, 2024 – The bulls continued to dominate the Pakistan Stocks on Friday, driving the benchmark KSE-100 index to a remarkable gain of 901 points.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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HBL Records Phenomenal 84% Growth in Annual Profit for CY23
Karachi, February 23, 2024 – In a remarkable financial performance, Habib Bank Limited (HBL) has reported an impressive 84 percent growth in its annual profit for the calendar year 2023.
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FBR Seeks Tax Proposals as Pakistan Prepares Budget 2024-25
Islamabad, February 22, 2024 – The Federal Board of Revenue (FBR) has taken a proactive step towards promoting transparency and inclusivity in the upcoming budget formulation process by inviting trade bodies to submit tax proposals for the fiscal year 2024-25.
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Indus Motor to Infuse Rs 3 Billion for Localization of Parts
Karachi, February 22, 2024 – Indus Motor Company Limited made a significant announcement on Thursday, revealing plans for a fresh investment of Rs 3 billion aimed at the localization of parts and components.
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National Bank of Pakistan Registers 70% Profit Growth in CY23
Karachi, February 22, 2024 – The National Bank of Pakistan (NBP) has reported an impressive 70 percent growth in profit after tax for the calendar year 2023.
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Windfall Tax on Banks Deemed Invalid due to Legislative Delay
Karachi, February 22, 2024 – The imposition of a windfall tax on the additional income of banks has become null and void as it failed to secure approval from the national assembly, according to sources.
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Pakistan Slashes Profit Rates on Savings Schemes from Feb 21
Karachi, February 21, 2024 – In a move signaling the third consecutive downward revision in the last two months, Pakistan has announced a reduction in profit rates on various savings schemes.
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FBR Extends Export Facilitation Scheme to Entire Textile Chain
Lahore, February 21, 2024 – The Federal Board of Revenue (FBR) in Pakistan is set to expand its Export Facilitation Scheme (EFS) to encompass the entire textile value chain, according to Muhammad Sadiq, Chief Collector, Customs (Appraisement).
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United Bank Achieves 75% Profit Growth in Calendar Year 2023
Karachi, February 21, 2024 – United Bank Limited (UBL) has reported a staggering 75 percent growth in profit after tax for the calendar year 2023, positioning itself as a leading dividend payer in the banking sector.
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FBR Maintains 30% Tax Collection Growth Until Mid-February 2024
Islamabad, February 20, 2024 – The Federal Board of Revenue (FBR) has achieved a remarkable 30 percent growth in tax collection by mid-February 2024, as reported in the latest data released by the Finance Ministry.
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