Climate change stands as one of the most critical challenges of our era, demanding united efforts and creative solutions. As the world confronts its escalating risks, the urgency to develop innovative and inclusive financial systems has never been greater. Islamic finance, known for its global reach and its focus on supporting the real economy and sustainable initiatives, presents a distinctive
The United Nations Framework Convention on Climate Change’s COP 29, dubbed the “Finance COP,” emphasised the critical need for mobilising climate finance to support the transition to a low-carbon economy, adapt to climate changes, and build resilience against future climate shocks. Recognising climate risk as a priority, the international investment community requires robust climate data to foc
Pakistan has the world’s highest number of out-of-school children, exceeding 26 million — one-third of the total child population aged five to 16. The overwhelming majority of these children, who remain completely illiterate and unskilled, belong to rural areas. Consequently, they are likely to end up in the agriculture sector (crops and livestock) as smallholders, farm workers, or labourers in mi
The Pakistan Stock Exchange (PSX) surged past the 100,000-point mark for the first time ever on Thursday, a historic milestone that highlighted the strong investor confidence in the country's economy, driven by improving macroeconomic fundamentals. The benchmark KSE-100 Index crossed the 100,000-point mark just days after the market faced turbulence. The milestone depicted the resilience of inv
The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has appealed to Federal Minister for Commerce Jam Kamal Khan for urgent relief from customs tariffs threatening the survival of the sector, according to a press release issued Thursday. A delegation led by Patron-in-Chief Abdul Latif Malik, Senior Vice Chairman Usman Ashraf, and Vice Chairman Riaz Ahmed highlighted the challeng