Central bank bars Islamic banking institutions from placing funds with conventional parent entities through Qard or subsidised financing.
(more…)Author: Hamza Shahnawaz
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Duty-free raw material imports rise to 40% as Pakistan advances tariff reforms
Economic Survey 2025-26 highlights increased duty-free imports and sweeping tariff reductions aimed at boosting exports and industrial competitiveness
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Selena Gomez Shares Emotional Reaction After Spurs Lose Crucial NBA Finals Game
Selena Gomez expressed her disappointment after the San Antonio Spurs suffered a dramatic defeat to the New York Knicks in Game 4 of the NBA Finals on Wednesday night.
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Olivia Rodrigo Says Breakup with Louis Partridge Changed Lyrics on New Album
Olivia Rodrigo has revealed that her breakup with actor Louis Partridge significantly influenced the final version of her upcoming album, You Look Pretty Sad for a Girl So in Love, prompting her to rewrite several songs before its release.
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Taylor Swift and Kylie Jenner Share Warm Hug During Knicks’ NBA Finals Victory
Taylor Swift and Kylie Jenner appeared to put past celebrity tensions behind them as the pair shared a friendly hug during the New York Knicks’ NBA Finals Game 4 victory at Madison Square Garden.
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iOS 27 Siri AI Brings Smoother Camera Control Experience to iPhone
Apple’s upcoming iOS 27 update introduces a significant improvement to the iPhone’s Camera Control feature by integrating Siri AI directly into the Camera app, replacing the standalone Visual Intelligence experience.
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KSE-100 Registers 18.4% Growth in FY2026 Despite Middle East Crises
Strong corporate earnings, lower inflation, IMF support, and growing Sukuk activity drive Pakistan’s stock market growth despite regional uncertainties.
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YouTube expands direct messaging feature to global markets now
YouTube is expanding its in-app direct messaging feature to additional global markets, including the United States, United Kingdom, Brazil and Singapore, as the video platform pushes further into social communication tools.
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PSX Raises PKR 282.3 Billion via 7th Government Hybrid Sukuk Auction
Strong investor demand highlights confidence in Islamic sovereign instruments
KARACHI, June 11, 2026 — PSX raises PKR 282.3 billion through the 7th Government of Pakistan Hybrid Sukuk (GHS) auction held on June 10, 2026, reflecting strong investor appetite for Shariah-compliant sovereign debt instruments.
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Pakistan Auto Sales Surge 45% in 11MFY26 Despite Monthly Slowdown
Strong yearly growth continues as May sales soften due to Eid-related demand dip
KARACHI, June 11, 2026 — Pakistan auto sales surge 45% in 11MFY26 despite a monthly slowdown in May 2026, reflecting a mixed performance trend in the country’s automotive sector, according to industry data released on Thursday.
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