Category: Economy

Deposits of Islamic banks grow 10 percent

KARACHI: Islamic banks beat their conventional banking counterparts by mobilising deposits at a higher pace in April-June. The State Bank of Pakistan (SBP) issued on...

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...

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...

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...

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...

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...

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...

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...

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...

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...