Pakistan’s GDP Growth Rate Is Even Higher Than That Of China: Harvard Study
Pakistan’s predicted annual growth rate over the next 10 years is nearly 6 per cent, according to the revised growth projections presented by …
South Asia
Pakistan To Use Islamic Finance For Infrastructure Deals
Pakistan is stepping up its use of sharia-compliant financing to fund infrastructure deals, which could help to promote the use of longer-term …
Pakistan Eyes Rs100bln In Islamic Bonds For Hydropower Project
DUBAI: Pakistan’s government will guarantee Rs100 billion ($955 million) worth of Islamic bonds to fund what would become the country’s …
Standard Chartered Expands Islamic Finance Services In Pakistan
Karachi—Standard Chartered Saadiq, the dedicated Islamic Banking division within Standard Chartered Bank has enhanced its offering for clients looking …
Saudi Lender To Help Introduce Islamic Finance In India
Mumbai: – Stating that Islamic finance offers advantages like lower bad loans, an arm of Islamic Development Bank (IDB) today said it will …
Pakistani Banks To Reach Out To Unbanked Masses
Pakistan’s economy presents great opportunities for the banking sector. Habib Bank is hoping to bring an end to its unbanked masses
Now that …
Pakistan Halal Authority To Start Functioning Within Two Months
Islamabad: Federal Minister for Science and Technology Rana Tanveer Hussain has said that the National Assembly has passed a bill to establish …
Pakistan’s Central Bank Expands Local Currency Sukuk Sales
Feb 8 Pakistan’s central bank is expanding issuance of local currency Islamic bonds (sukuk), auctioning 100 billion rupees ($955 million) worth …
Pakistan Decides To Facilitate Islamic Banking Industry
To support liquidity management within the Islamic banking industry, the government has introduced a framework allowing for the outright purchase of …
Emami, Cavin-Kare, Others Capitalize On Halal Cosmetics Fever In India
AHMEDABAD: In India ‘halal’ may be a word one relates with meat and meat products, but a rising number of personal care brands in the …
AAOIFI Sharia Standards Review Meeting Held in Pakistan
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) convened its Sharia Standards Review and Translation Committee …
Indian Halal Cosmetics Start-Up To Enter South African Market
A halal cosmetics brand, Iba Halal Care, launched last year by two sisters in Ahmedabad, India has revealed ambitious growth plans to open a new store …
Treet Corporation Pakistan Announces Rs539 Million Capital-Boosting Everlasting Sukuk
KARACHI: Treet Corporation Limited, a company that specialises in manufacturing good quality razors, has planned to issue capital-boosting Sukuk bonds …
First Pakistani Super Store Opens In Berlin
In Germany, the first Pakistani superstore has been opened in Berlin. Inaugurating it, Pakistan Ambassador Syed Hasan Javed urged the Pakistani …
Pakistan Seeking A Niche In The Halal Market
Pakistan’s halal sector, while still underperforming, is on the threshold of becoming a formidable player in the global meat trade, particularly in …
SBP Moves To Islamise Banking In Pakistan
Karachi- An extensive KAP Study of the State Bank of Pakistan (SBP) established the demand for Islamic banking at all levels.
The study also revealed …
Pakistan: Sukuk Receipt Pushes Dollar Reserves Up To $14b
Pakistan’s much-needed foreign exchange reserves have risen to $ 14 billion during the last week.
The central bank Thursday reported to have …
Pakistan Forex Reserves To Cross $14b After Disbursement Of $1.1b By IMF
ISLAMABAD: Foreign exchange reserves of the country are estimated to cross $14.1bn after the proceeds of Sukuk and disbursement of $1.1bn by the …
Has Sukuk Euphoria Waned In Pakistan?
Kudos to Finance Minister Ishaq Dar for another feather in his cap! Pakistans re-entry into the Sukuk market after a hiatus of many, many years has …
Moody’s Assigns (P)Caa1 To Pakistan’s Sovereign Sukuk
Moody’s Investors Service has assigned a provisional (P) Caa1 senior unsecured rating to the proposed US dollar Trust Certificates to be issued …
Pakistan Set To Conclude $1bn Sukuk Transaction On 26th
ISLAMABAD: Pakistan, eyeing to raise up to $1 billion by issuing dollar-dominated sukuk, will conclude the transaction on the evening of November 26 …
Pakistan To Hold Road Shows For $500m Sukuk Issue Next Week
ISLAMABAD: The Finance Ministry will attempt to tap international investors for the first time since political unrest hit the country and will hold …
Dar Seeks Foreign Investment In Pakistan
WASHINGTON – Federal Minister for Finance and Economic Affairs Senator Ishaq Dar in his meeting with United States Trade Representative (USTR) Michael …
India Overtakes Brazil As Top Halal Beef Exporter
While the image of India as a vegetarian nation persists, its reality is far more complex. Recent years have seen India surge to the top of beef …