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Govt Raises Rs114 Billion Through Hybrid Sukuk Auction

Govt Raises Rs114 Billion Through Hybrid Sukuk Auction

Karachi, April 30: The Government of Pakistan on Wednesday raised Rs114.347 billion through the third auction of its Hybrid Sukuk, marking the second such issuance in the current month, amid strong investor demand for Shariah-compliant instruments. Meezan Bank Limited acted as the Lead Joint Financial Advisor (JFA) for the transaction, …

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SBP eases housing finance rules, sets 15-day approval timeline

SBP eases housing finance rules, sets 15-day approval timeline

Karachi: The State Bank of Pakistan (SBP) has introduced additional facilitative measures under its housing finance program to improve access to loans and streamline the approval process for prospective borrowers. Under the revised framework, the central bank has capped the debt burden ratio at 65 percent, requiring that total monthly …

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Pakistan meets 86% mobile phone demand through local manufacturing in 1Q2026

Pakistan meets 86% mobile phone demand through local manufacturing in 1Q2026

Karachi: Pakistan met 86 percent of its mobile phone demand through local manufacturing and assembly during the first quarter of 2026, reflecting the continued growth of the country’s domestic handset production ecosystem. According to the latest data released by the Pakistan Telecommunication Authority (PTA), local mobile phone companies manufactured or …

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