Karachi, October 02, 2020: To enlarge the scope of Shariah compliant financial services in the country, State Bank of Pakistan (SBP) has taken another important step by issuing guidelines for Development Finance Institutions (DFIs) to undertake Shariah compliant businesses and operations. Further, keeping in view the various developments, such as changes in the licensing and…
Karachi, September 16, 2020: Meezan Bank, Pakistan’s first and largest Islamic bank has been conferred with ‘Shariah Authenticity Award’ among multiple accolades at the 10th Global Islamic Finance Awards (GIFA) held in Islamabad, Pakistan. The Bank has also been recognized as ‘Shariah Auditor of the Year’ and ‘Sukuk House of the Year Award’. All the…
Karachi, September 14, 2020: Advisor to PM on Finance Dr Abdul Hafeez Sheikh had an interactive session with foreign investors at OICCI on September 12th, during which he gave a comprehensive overview of the challenges faced by the economy in the past two years and how the GOP has successfully managed to stabilize the economy…
Karachi, September 01, 2020: Bulls dominated the KSE100 index, where the index touched a high of +255 points. However later in the day, the market declined to close at 41,111 level (+55 points). Volumes for the day accumulated to 452 million as BIPL (10.5 percent), TRG (-7.2 percent), PRL (7.5 percent), HASCOL (2.0 percent) and…
Karachi, July 18, 2020: Finance leaders are facing the biggest challenge of their careers. To help them build resilient and adaptable businesses and chart a course back to growth, Oracle is announcing important updates to Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Enterprise Performance Management (EPM). These important updates help finance…