Business

Business

SECP approves sukuk rules for promotion of Islamic Finance

Earlier yesterday, the Securities and Exchange Commission of Pakistan (SECP) approved the regulations for issuance of sukuk  for the development…

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IMF refuses to relax fiscal deficit target

The IMF has not approved any relaxation in the fiscal deficit target, says Jeffrey Franks, outgoing mission chief for Pakistan,.…

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Govt demands K-Electric stop using National grid power

The standoff between K-Electric and the water and power ministry continues on as the ministry said it had demanded that…

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NBP Bangladesh: NA asks NAB to probe fraud of Rs.18.5b

A Forensic audit report holds 61 officials responsible for the loss of Rs18.5 billion in Bangladesh operations of The National…

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KSE market Watch: Stocks remain stable

The trading in equities opened positive yesterday and continued to push the market to fresh highs with the benchmark index…

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SBP taking extreme measures against counterfeit currency: SBP acting govornor

State Bank of Pakistan (SBP) Acting Governor Saeed Ahmad has said that some anti state element are spreading counterfeit currency.…

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K-Electric to test 7 year tenor for largest ever corporate sukuk

Karachi-based utility K-Electric will test a seven year tenor for its latest Islamic bond, a Rs22 billion ($217 million) transaction…

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Local consumers forsee lower inflation claims survey

According to a recent survey the general public is expecting low inflation in the coming months Lower expected inflation for the…

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Pakistan has lowest POL prices in region: Information Minister Rashid

While addressing the media in Islamabad yesterday, the federal Information minister Pervaiz Rashid, justified an increase in sales tax by…

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