The Securities and Exchange Commission of Pakistan (SECP) has approved Al-Hilal Shariah Advisors (Pvt) Limited to independently conduct Shariah screening of securities. It is the first entity other than the Pakistan Stock Exchange (PSX) and its partners to receive such approval, opening the door for greater competition in Shariah-compliant investment services. Under the Shariah Governance Regul
The dollar held its ground on Wednesday as traders moved to the sidelines, awaiting cues on what comes next in the U.S.-Israeli war with Iran while mixed messages on a resolution to the conflict kept sentiment frail. Global markets have been betting that U.S. President Donald Trump will seek to end the conflict soon, but Trump has also repeatedly threatened to hit Iran hard over moves to stop t
The government’s decision to apply a Rs 55 per litre price jump to current fuel reserves has triggered allegations of enabling oil marketing companies (OMCs) to make Rs 113 billion windfall profits in inventory gains, though industry representatives and government advisors argue that the pricing model—based on international Platts averages—requires them to replenish sold stock with much more expen
The Implementation Committee on Diamer-Bhasha and Mohmand Dams (ICDBMD) met on Tuesday to discuss matters of land acquisition and resettlement for Diamer Bhasha Dam Project. The ICDBMD was constituted by the Honourable Supreme Court of Pakistan in July 2018 for early commencement and timely completion of Diamer Bhasha and Mohmand Dams. Since then, the Committee holds its meetings with regula
Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, has said that the government is set to introduce Amazon like digital portal for Small and Medium Enterprises (SMEs) to connect Pakistan’s SMEs with global buyers. He said this here on Tuesday while chairing a high-level meeting to review initiatives aimed at strengthening Pakistan’s SME sector through digi