Economy

Pakistan Receives $1 billion of Sukuk Proceeds

The Government of Pakistan has successfully raised $1 billion through the issuance of International Sukuk.According to a press release issued by the Ministry of Finance, the transaction generated great interest, as leading global investors from Asia, t…

Economy

Meezan Bank Set to Launch Pakistan’s First Islamic E-Commerce Payment Gateway

Meezan Bank will launch Pakistan’s first Islamic e-commerce payment gateway and point-of-sale (PoS) system this year, as the bank aims at providing a Sharia-based digital transaction system and solution to merchants and customers countrywide.The bank i…

Economy

Institute for Policy Reforms’ Fact-Sheet Shows How PTI Govt Revived Economy After 2018

A fact-sheet issued by the Institute for Policy Reforms (IPR) takes note of positive action by the government to inject liquidity in the economy to boost demand and production.“It is no surprise that as updated economic data came in, Pakistan Bureau of…

Economy

Pakistan Freelancers Earned $216.78 Million Export Revenue in H1 of FY22

Pakistan’s freelancers earned export revenue of $216.788 million during July–December FY22, showing an increase of 16.74 percent as compared to $185.698 million in the corresponding period last year.According to the data released by the Ministry of Inf…

Politics

SC directs Sindh Govt to devolve financial, administrative, political powers to local Govt

Supreme Court has directed Sindh government to devolve financial, administrative and political powers to local government as enshrined under the constitution.The apex court announced its verdict today on a petition filed by MQM-Pakistan.Source: Radio P…