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sukuk

‘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

Markets

Islamic Development Bank set to raise $2bn with sukuk

DUBAI: The Islamic Development Bank is set to raise $2 billion from a sale of Islamic bonds, or sukuk, maturing in...

Published 07 Mar, 2023 07:11pm

Maiden auction: Govt borrows Rs5.5bn via Ijarah Sukuk

Sukuk is also approved by the Shariah Advisory Committee of the SBP to ensure its adherence to Islamic law

Updated 18 Feb, 2023 01:00pm

Markets

Dubai Islamic Bank to raise $1bn with sustainable sukuk

DUBAI: Dubai Islamic Bank, the biggest Islamic lender in the United Arab Emirates, is set to raise $1 billion from a...

Published 09 Feb, 2023 05:33pm

Asset-backed securitization rules: SPVs allowed to offer debt securities

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has allowed Special Purpose Vehicles (SPVs) to...

Updated 04 Dec, 2022 10:57am

IPPs payment mode: MoF willing to pay GPPs Rs93.4bn

ISLAMABAD: Finance Ministry has shown a willingness to pay Rs 93.438 billion to Government-owned Power Plants (GPPs)...

Updated 17 Nov, 2022 09:22am

Business & Finance

Money Market CISs: SECP allows cumulative exposure

ISLAMABAD: In order to broaden the scope of investment avenues for Open-End Money Market Collective Investment...

Updated 25 Oct, 2022 09:37am

Editorials

State of the economy

EDITORIAL: The strengthening of the Pakistani rupee vis-a-vis the dollar since the appointment of Ishaq Dar as the...

Published 11 Oct, 2022 05:54am

Pakistan

Federal cabinet greenlights issuance of Sukuk bond

Custody of underlying asset to be given to State Bank of Pakistan

Updated 21 Jun, 2022 08:06pm

Business & Finance

Fitch sees Islamic banking getting major boost in Pakistan

Says if Federal Shariat Court orders are implemented effectively, the Islamic finance industry could receive a big boost in the medium term

Updated 08 Jun, 2022 05:32pm

Pakistan

Payment in form of PIBs, Sukuk: CPPA-G likely to negotiate with CPEC IPPs

ISLAMABAD: Central Power Purchasing Agency- Guaranteed (CPPA-G) is likely to negotiate with CPEC IPPs to accept...

Updated 19 Mar, 2022 10:21am

Pakistan

Sukuk, IMF package to help shore up Pakistan's economy: Moody’s

Development to help economy at a time when current account deficit is widening

Updated 23 Feb, 2022 04:42pm

Markets

Rupee's winning streak ends, falls marginally against US dollar

Rupee's upward trajectory against the US dollar came to a halt on Tuesday, as the local currency recorded its first...

Updated 08 Feb, 2022 09:30pm

Pakistan

Pakistan plans to raise another $1bn from ESG Eurobonds: report

Finance minister Shaukat Tarin says fund will be utilised for projects such as developing clean water and cleaning up the rural landscape

Published 03 Feb, 2022 06:26pm

Pakistan

Current IMF programme 'should be enough': Shaukat Tarin

Finance minister says curtailing budget deficit and tapping international markets should help sustain economic growth

Updated 03 Feb, 2022 05:11pm

Markets

Sukuk issuance seen flat at best in 2022: S&P

DUBAI: S&P Global Ratings said on Wednesday it expects global sukuk issuance volumes to be flat at best in 2022,...

Published 19 Jan, 2022 07:32pm

Markets

KSE-100 slips 0.23% as negativity persists

Volumes contract on all-share index

Published 18 Jan, 2022 07:21pm

Markets

Pakistan looks to issue US dollar-denominated Sukuk bonds

Action seen as key determinant of foreign investor view on country

Published 18 Jan, 2022 02:11pm

Markets

Saudi National Bank gets $750 million via debut 'sustainable' sukuk

DUBAI: Saudi National Bank, the kingdom's largest lender that is 50.4% indirectly owned by the government, sold $750...

Published 12 Jan, 2022 07:23pm

4 new assets to be added to Sukuk structure: Rs300-400bn borrowing from IB sector to bridge fiscal deficit

KARACHI: The government has decided to add four new assets to the transaction structure of Ijara Sukuk aimed at more...

Updated 05 Jan, 2022 10:44am

Opinion

The rupee slide

A misconception doing the rounds in the media is that the rupee is market based with demand and supply determining...

Published 01 Nov, 2021 05:02am

Markets

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (October 15, 2021)....

Published 16 Oct, 2021 04:49am

Markets

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (October 14, 2021)....

Published 15 Oct, 2021 04:08am

Markets

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (October 8, 2021)....

Published 09 Oct, 2021 04:10am

Markets

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (October 7, 2021)....

Published 08 Oct, 2021 04:30am

Markets

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (September 30, 2021)....

Published 01 Oct, 2021 04:07am

Markets

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (September 23, 2021)....

Published 24 Sep, 2021 04:40am

Markets

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (September 22, 2021)....

Published 23 Sep, 2021 04:35am

Markets

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (September 16, 2021)....

Published 17 Sep, 2021 03:52am

Markets

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Tuesday (September 14, 2021)....

Published 15 Sep, 2021 04:19am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 26 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 26 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 26 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 26 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 26 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

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