PSX to Raise Rs. 250 Billion Through Sukuks This Month
Pakistan Stock Exchange (PSX) has rolled out a calendar for raising funds of Rs. 250 through Sukuks in January 2025. Market Participants have been informed that the PSX will carry…
Transitioning Pakistan’s Banking System to Islamic Banking
This is a monumental step towards economic transformation, and the National Assembly of Pakistan has recently passed legislation mandating the transition of all conventional banks to Islamic banking by 2027.…
Islamic Banking Deposits Climb to Rs. 7.4 Trillion
The Deposit Protection Corporation (DPC) has announced the release of its fourth Annual Report for the fiscal year ended June 2024, whereby domestic bank deposits in Pakistan surged to Rs.…