Karachi, August 11, 2023 – In an unexpected announcement during its Quarterly Index review on August 10, 2023, MSCI made a significant move by adding 15 Pakistani stocks to its MSCI Frontier Market Index, along with the inclusion of 41 stocks into the MSCI Frontier Markets Small Cap Index.
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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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Pakistan’s Latest Foreign Exchange Reserves Drop to $13.34 Billion
Karachi, August 10, 2023 – Pakistan’s latest foreign exchange reserves have experienced a notable decline, reaching $13.34 billion for the week ending on August 4, 2023, as reported by the State Bank of Pakistan (SBP) on Thursday.
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Pakistan and Iraq Sign Double Taxation Elimination Convention
Islamabad, August 10, 2023 – In a significant step toward strengthening economic cooperation and enhancing investment, Pakistan and Iraq have successfully signed a convention aimed at eliminating double taxation within their respective jurisdictions.
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Remittances from UAE into Pakistan plummet by 31% in July 2023
Karachi, August 10, 2023 – The State Bank of Pakistan (SBP) has reported a significant drop in remittances from Pakistani workers in the United Arab Emirates (UAE) during the month of July 2023, revealing a concerning decline of 31 percent compared to the same period in the previous year.
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Meezan Bank Achieves Impressive 93% After-Tax Profit Growth in First Half of 2023
Karachi, August 10, 2023 – Meezan Bank Limited (MEBL), the leading Islamic bank in Pakistan, has reported a remarkable 93 percent increase in after-tax profit for the first half of the year ending on June 30, 2023.
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Pakistan’s National Assembly Dissolves as President Approves
Islamabad, August 10, 2023 – President Dr. Arif Alvi on Wednesday August 9, 2023 late night endorsed the summary for the dissolution of Pakistan’s National Assembly on Wednesday, based on Article 58(1) of the Constitution of Pakistan, 1973.
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PM Shehbaz Sharif Claims Government Averted Default in Pakistan
Islamabad, August 10, 2023 – Prime Minister Shehbaz Sharif stated on Tuesday that his government skillfully averted a default situation for Pakistan.
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Record High Bank Deposits Reach Rs25.70 Trillion in Pakistan
Karachi, August 9, 2023 – Deposits in commercial banks in Pakistan have reached an all-time high of Rs25.70 trillion by the end of July 2023, driven by the country’s highest interest rates.
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FBR Launches Transaction Recording for Aggressive Crackdown on Tax Evaders
Karachi, August 9, 2023 – The Federal Board of Revenue (FBR) has taken a significant step in its pursuit of tax evaders by launching an information portal to record all transactions.
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Pakistan Stock Market Sees Significant Drop Ahead of New Caretaker Government
Karachi, August 8, 2023 – The Pakistan stock market experienced a substantial decline on Tuesday, as investors reacted to the upcoming transition to a new caretaker government.
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