Category: Economy

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Shariah compliant segment expected to reach $17.6b

LAHORE: Provincial Minister for finance Dr Ayesha Ghous Pasha said on wednesday that Islamic Banking services in Pakistan will continue to grow, estimating that the...

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Islamic finance boom calls for increase in human capital

JEDDAH: In the fast-growing industry of Islamic finance, the lack of specialized, trained human capital in the field continued to be a challenge, said Saudi Arabian...

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Dubai businessman Alabbar, Saudi SWF launch $1b e-commerce platform

Prominent Emirati businessman Mohamed Alabbar said on Sunday he had teamed up with Saudi Arabia’s Public Investment Fund (PIF) and other private investors to...

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India, Pakistan, Philippines top beneficiaries of global remittances

ISLAMABAD: India, Pakistan, Philippines remain top beneficiaries of money transfers in 2016, according to new World Bank report, however the weak economic growth and low...

sukuk-expansion

Pak issues $1b Sukuk at historic low rate of 5.5pc

ISLAMABAD: Pakistan has successfully issued $1 billion Sukuk at a historic low rate of 5.5 per cent which is better than recent sovereign issuance of bonds by both...

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Stage set for World Islamic Finance Forum in Karachi

KARACHI: Senator Mohammad Ishaq Dar, Minister of Finance would be the chief guest at World Islamic Finance Forum (WIFF) 2016, a unique conference being organized by...

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Gemstones: A hidden treasure awaits explorers

ISLAMABAD: The nature has bestowed Pakistan with a vast potential of mineral ores including a good range of precious and glittering gemstones, which need appropriate...

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China eyes Pakistan as potential market

ISLAMABAD: A delegation of Chinese investors representing various companies visited the Islamabad Chamber of Commerce and Industry (ICCI) and showed interest in...

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Iran kicks off EU trade drive in Poland

WARSAW: Iran’s foreign minister kicked off an EU trade drive in Poland on Sunday, in one of Tehran’s first moves to drum up business with the West after the...

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Kuwaiti MP calls for tax on expat remittance

MANAMA: Expatriates should pay a tax of up to five per cent on remittances from Kuwait, a lawmaker has said. MP Faysal Al Kandari said that the tax would make a new...