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.
According to a statement issued on Saturday, the PRID-MPA is a results-based program that will disburse funds only after agreed...
Prime Minister Shehbaz Sharif on Friday welcomed the positive trajectory of Pakistan-Australia relations and underscored the importance of expanding bilateral...
The Islamabad High Court (IHC) on Thursday ordered the removal of Justice Tariq Mehmood Jahangiri from office, ruling that he...
Pakistan and Russia are in talks over a potential agreement in the oil sector, Finance Minister Muhammad Aurangzeb told Russia’s...
Federal Minister for Finance Muhammad Aurangzeb has said that Pakistan’s Free Trade Agreement (FTA) negotiations with the Gulf Cooperation Council...
Prime Minister Muhammad Shehbaz Sharif on Saturday said that Pakistan’s economy has emerged from severe difficulties due to the untiring...
