Karachi, August 12, 2023 – Anwaar-ul-Haq Kakar has been appointed as the caretaker Prime Minister of Pakistan in the new interim setup, following the dissolution of the National Assembly on August 9, 2023.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Massive 82% Decline in 1000CC Car Sales Hits Pakistan’s Auto Market
Pakistan’s automotive industry has experienced a significant downturn, with an 82 percent drop in the sales of cars with a 1000CC engine capacity during the period of January to July in 2023.
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Petroleum Price Increase Leads to 31% Rise in Essential Item Costs
Islamabad, August 12, 2023 – The recent rise in petroleum prices has caused the costs of essential items to surge, as reported by the Pakistan Bureau of Statistics (PBS).
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MSCI Adds 15 Pakistani Stocks to Frontier Index, Signaling Growing Interest
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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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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