The Islamic banking industry (IBI) has achieved the highest year-on-year growth in assets and deposits since 2015 increasing the market share in the overall banking industry to 17pc and 18.7pc, respectively.
The State Bank of Pakistan (SBP) in its latest bulletin for April-June quarter reported that assets and deposits of IBI grew 32 per cent and 29.7pc, respectively.
The assets expanded by Rs408 billion to Rs4,797bn and deposits grew by Rs365bn to Rs3,822bn by June 30, 2021.
Pakistan and Kyrgyzstan have entered a new era of bilateral cooperation after signing a series of wide-ranging agreements and Memorandums...
Pakistan has invited reputable international private-sector investors—especially those from Turkiye—to participate in the upcoming privatisation of its Power Distribution Companies...
The Judicial Commission of Pakistan (JCP) on Tuesday elevated Justice Miangul Hassan Aurangzeb to the position of permanent judge of...
Pakistan’s headline inflation climbed to 6.1% year-on-year in November 2025, according to fresh data from the Pakistan Bureau of Statistics...
The government is likely to cut petroleum product prices from December 1, 2025, thanks to a continued decline in global...
Nishat Mills Limited (NML), the flagship company of the Nishat Group, has announced a wide-ranging expansion strategy covering renewable energy,...
