Karachi, August 2, 2023 – The Pakistan Stock Exchange (PSX) witnessed a significant milestone as the benchmark KSE-100 index completed a remarkable run of 10 consecutive historical positive trading sessions.
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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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MCB Bank Achieves Historic 150% Profit Growth in 1HCY23
Karachi, August 2, 2023 – MCB Bank, one of the largest banks in Pakistan, stunned investors by announcing an exceptional financial performance with a remarkable 150 percent growth in profit after tax (PAT) for the first half of the calendar year 2023.
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PKR Falls for Third Straight Day Against Dollar, Ends at PKR 289.38
Karachi, August 2, 2023 – The Pakistani Rupee (PKR) experienced a decline against the US dollar for the third consecutive day, closing at PKR 289.38 in the interbank foreign exchange market on Wednesday.
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Pakistan and Barrick Gold Seal Historic Agreement for Reko Diq Project Earnings in PKR
Islamabad, August 2, 2023 – In a significant development for the Reko Diq project, Pakistan and the Barrick Gold Corporation have reached an agreement to pay the government’s share in Pakistani rupees (PKR) for the investment in the project.
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PM Sharif Defends Massive Hike in Petroleum Prices
Islamabad, August 1, 2023: Prime Minister Shehbaz Sharif on Tuesday said that the surge in the international market compelled the government to raise petroleum prices with a heavy heart.
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Inflation Spikes: Pakistan Grapples with 28.3% Surge in July
Islamabad, August 1, 2023 – The headline inflation in Pakistan witnessed a significant increase, reaching 28.3 percent in July 2023, based on the Consumer Price Index (CPI) year-on-year comparison.
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Tax Filing Nightmares: KTBA Reveals Critical Errors in 2023 Return Forms
Karachi, August 1, 2023: The Karachi Tax Bar Association (KTBA) on Tuesday brought to light critical errors and mistakes present in the income tax return forms for the tax year 2023.
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Pakistan Shockingly Increases Petroleum Prices from August 1, 2023
Islamabad, August 1, 2023 – Pakistan has dealt a blow to its citizens by unexpectedly raising petroleum prices as of today. The Finance Minister, Ishaq Dar, announced an immediate increase in the prices of petrol and high-speed diesel (HSD) by Rs 19.95 and Rs 19.90 per liter, respectively.
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Pakistan and China Celebrate Completion of 10 Years of CPEC, Pledge Continued Cooperation
Islamabad, August 1, 2023 – A special ceremony was held on Monday, July 31, 2023, in Islamabad to mark the momentous occasion of the completion of the first decade of the China Pakistan Economic Corridor (CPEC). High-level leadership from both Pakistan and China graced the event, demonstrating the significance of this milestone in bilateral cooperation.
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From Non-Filers to Active Taxpayers: Pakistan’s ATL Hits 4.26 Million High
Pakistan witnessed significant increase in Active Taxpayers with over 40,000 income tax returns filed in a single week, to high high of 4.26 million.
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