Trends - Federal Shariat Court

Federal Shariat Court

Court allows IK to speak to sons thru telephone

ISLAMABAD: The special court, set up to hear cases under the Official Secrets Act, on Wednesday granted permission ...

Published 19 Oct, 2023 05:10am

Business & Finance

SECP standardises structure for issuance of Sukuk

ISLAMABAD: The Shariah Advisory Committee (SAC) of the SECP has approved standardization of the Shariah Structure...

Published 10 Aug, 2023 06:35am

Pakistan

Transgender Law: Farhatullah challenges FSC verdict

ISLAMABAD: Former Senator Farhatullah Babar has challenged the verdict of the Federal Shariat Court that struck down...

Published 18 Jul, 2023 05:51am

Pakistan

President administers oath

ISLAMABAD: President Dr Arif Alvi on Monday administered oath to Dr Syed Muhammad Anwar as Alim Judge of the Federal...

Published 11 Jul, 2023 06:08am

Business & Finance

SMEs: SBP selects Haball to drive financial inclusion

LAHORE: The State Bank of Pakistan (SBP) has recently selected Pakistan’s first B2B fintech company Haball through...

Published 04 Jul, 2023 05:07am

Business & Finance

Dar launches new Shariah-compliant products of NSS

ISLAMABAD: Finance Minister Ishaq Dar on Monday launched new Shariah-compliant products of the National Savings...

Updated 27 Jun, 2023 09:03am

Pakistan

Justice Iqbal takes oath as FSC CJ

ISLAMABAD: Justice Iqbal Hameedur Rahman, on Thursday, took oath as the chief justice of the Federal Shariat Court...

Published 02 Jun, 2023 03:56am

Business & Finance

SIBL applies to SECP for conversion into Shariah-compliant bank

ISLAMABAD: Security Investment Bank Limited (SIBL) has applied to the Securities and Exchange Commission of Pakistan...

Published 13 May, 2023 05:59am

Business & Finance

SECP, AAOIFI to host conference on Islamic capital markets in May

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and the Accounting and Auditing Organisation ...

Published 21 Apr, 2023 05:56am

Editorials

The issue of women’s chastity

EDITORIAL: The Federal Shariat Court’s (FSC’s) verdict delivered on Tuesday can go a long way to protect women...

Published 09 Apr, 2023 05:58am

Business & Finance

FSC judgement on Riba: Panel discusses steps to address the challenges

ISLAMABAD: The Steering Committee on Implementation of Federal Shariat Court (FSC) judgment on Riba discussed the...

Published 08 Apr, 2023 07:04am

Business & Finance

‘Financial system can be made Shariah-compliant by regular issuance of Sukuk’

LAHORE: The financial system of the country can be made Shariah-compliant and interest-free by regular issuance of...

Published 10 Mar, 2023 03:46am

Editorials

Law against child marriage

EDITORIAL: According to UNICEF, Pakistan has nearly 19 million child brides. That is the 6th highest number of girls...

Published 09 Mar, 2023 06:23am

Pakistan

Plea against Sindh Child Marriages Restraint Act rejected: Setting minimum age for marriage not against Islamic injunctions: FSC

ISLAMABAD: The Federal Shariat Court (FSC) on Monday dismissed a petition challenging the vires of the Sindh Child...

Updated 07 Mar, 2023 08:46am

Sukuks: Dar seeks guidance from clerics

Expresses commitment of government to promote Islamic finance and eliminate interest-based system

Updated 28 Jan, 2023 08:56am

Pakistan

Need for national plan stressed at conference: Financial sector capable of providing Riba-free services to all: speakers

KARACHI: The financial sector is capable of providing Riba-free services to all segments of society and a national...

Published 20 Jan, 2023 07:53am

Opinion

Islamic banking: a success story

Last week the largest transformation from conventional to Islamic banking was achieved as all the branches of the...

Published 14 Jan, 2023 06:22am

Pakistan

Implementation of FSC’s judgment on Riba: FD constitutes Steering Committee

ISLAMABAD: Finance Division has constituted a Steering Committee for providing strategic guidance regarding...

Published 24 Dec, 2022 06:56am

Pakistan

Homes needed for protection of ‘intersex’ children: FSC

ISLAMABAD: The Federal Shariat Court (FSC) has said that there should be exclusive protection homes for children, ...

Published 14 Dec, 2022 05:57am

Business & Finance

Anti-Money Laundering Act: 149 notices in response to 767 complaints issued: FBR

ISLAMABAD: The Chairman Federal Board of Revenue Asim Ahmad has informed the Senate Standing Committee on Finance ...

Published 08 Dec, 2022 05:58am

Pakistan

FSC’s judgment against Riba: Private banks should withdraw appeals: Ashrafi

ISLAMABAD: Prime Minister’s Special Representative for Interfaith Harmony and the Middle East Hafiz Muhammad Tahir...

Published 05 Dec, 2022 08:05am

Business & Finance

Govt remains committed to eliminate interest-based banking system in Pakistan: Dar

A special wing to be set up at the SBP for the promotion of interest-free system, says Dar
SBP governor Jameel Ahmad says demand for Islamic banking higher than conventional banking

Updated 30 Nov, 2022 09:02pm

Shariat Court gives clean chit to PPWVA

ISLAMABAD: The Federal Shariat Court declared that the Punjab Protection of Women Against Violence Act 2016 (PPWVA)...

Updated 30 Nov, 2022 09:49am

Opinion

Dar sb waits, and waits

Finance Minister Ishaq Dar must have spent the last few days, since the zero-interest surprise disappeared from the...

Updated 17 Nov, 2022 06:28am

Business & Finance

Faysal Bank lauds govt’s stance on interest-free economy

KARACHI: Faysal Bank Limited has appreciated the federal government’s decision to make Pakistan interest-free....

Published 15 Nov, 2022 07:31am

‘Riba-free’ banking: SBP withdraws appeal against FSC verdict

ISLAMABAD: The State Bank of Pakistan (SBP) on Saturday filed an application before the Supreme Court to withdraw...

Updated 13 Nov, 2022 09:24am

Business & Finance

Riba-free banking to boost economy: CPG

Ministry of Finance recently announced the withdrawal of all the appeals against the Federal Shariat Court’s verdict

Updated 13 Nov, 2022 09:44am

Editorials

Sharia-compliant desperation

EDITORIAL: Finance Minister Ishaq Dar’s decision to give the economy a no-interest, sharia-compliant makeover by...

Updated 12 Nov, 2022 06:53am

Pakistan

Oath of Khatm-e-Nabuwat to be included in nikahnama, NA assured

ISLAMABAD: The government on Thursday assured the National Assembly to include the oath of Khatm-e-Nabuwat [Finality...

Published 11 Nov, 2022 05:54am

Editorials

Relentless acts of terrorism

EDITORIAL: There is no let-up in terrorist violence in the restive Balochistan province. Last Friday, former Federal...

Published 21 Oct, 2022 05:57am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	6 ▲ 1.00 (20.00%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Power Cem(Pref) / Dec 11 Power Cement (Pref)(POWERPS)	9.35 ▲ 1.00 (11.98%)
Silk Bank Ltd / Dec 11 Silkbank Limited(SILK)	1.22 ▲ 0.12 (10.91%)
Nazir Cotton Mills / Dec 11 Nazir Cotton Mills Limited(NCML)	4.20 ▲ 0.40 (10.53%)
Treet Corp. (R) / Dec 11 Treet Corporation Limited (R)(TREETR2)	4.28 ▲ 0.36 (9.18%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.57 ▲ 0.38 (9.07%)
Tri-Star Mutual / Dec 11 Tri-Star Mutual Fund Limited(TSMF)	5.48 ▲ 0.42 (8.30%)
AEL Textile / Dec 11 AEL Textile Limited(AEL)	26.50 ▲ 1.85 (7.51%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.88 ▼ -0.86 (-14.98%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	1.80 ▼ -0.20 (-10.00%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Olympia Mills / Dec 11 Olympia Mills Limited(OML)	14.80 ▼ -1.20 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)
J.A.Textile / Dec 11 J.A. Textile Mills Limited(JATM)	47.05 ▼ -3.37 (-6.68%)
JS Investments / Dec 11 JS Investments Limited(JSIL)	17.01 ▼ -1.19 (-6.54%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.16
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.04
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.36
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.38
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	55,381,500 ▲ 0.56
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.07
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.15
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	43,500,500 ▲ 0.53
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	36,606,909 ▼ -1.70
B.O.Punjab / Dec 11 The Bank of Punjab(BOP)	32,876,325 ▼ -0.02

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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