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sukuk

Emirates Islamic Bank launches $750mn sustainability sukuk, document shows

Emirates Islamic Bank, the Islamic arm of Dubai’s biggest lender Emirates NBD, has launched a $750 million 5-year...

Published 21 May, 2024 05:06pm

Sukuk, other Shariah-compliant financing modes: Govt wants more loans against its unencumbered assets

ISLAMABAD: The federal government has decided to issue domestic and international Sukuk and raise other...

Updated 07 Mar, 2024 09:47am

World

Dubai Islamic Bank starts selling 5-year sustainable sukuk

Dubai Islamic Bank, the biggest Islamic lender in the United Arab Emirates, has started selling 5-year sustainable...

Published 26 Feb, 2024 10:53am

Borrowing level of caretakers comparatively lower than PDM govt’s: MoF

ISLAMABAD: The Finance Ministry has maintained that the domestic and external borrowings during the period of the...

Updated 23 Feb, 2024 08:54am

Business & Finance

Govt picks Rs87bn thru Sukuk auction

KARACHI: The government has smartly borrowed slightly less amount to maintain yields in the latest Sukuk auction at...

Updated 25 Jan, 2024 09:10am

External financing needs: IMF lowers projection to 7.1pc of GDP

ISLAMABAD: The International Monetary Fund (IMF) has lowered the projection of Pakistan’s gross external financing...

Updated 21 Jan, 2024 09:35am

Opinion

Outlook 2024 – II

Increasing bank lending should to be the next move. The ratio of advances to deposits should increase from present...

Updated 03 Jan, 2024 05:59am

Eyeing Rs110bn funding: Govt gearing up to unveil another sukuk auction calendar

KARACHI: In a bid to strengthen its financial standing, the government of Pakistan is gearing up to unveil yet...

Updated 21 Dec, 2023 08:37am

Editorials

Sukuk issuance on PSX floor: foot in the door

EDITORIAL: A historic moment for the Pakistan capital market arrived last week. Unfortunately, however, it did not...

Published 15 Dec, 2023 03:12am

Sukuk auction results in resounding success

KARACHI: The first primary market auction for the Government of Pakistan one-year Ijarah Sukuk at Pakistan Stock...

Updated 12 Dec, 2023 09:30am

Sukuk receives Rs479bn participation against Rs30bn target

KARACHI: The first-ever auction for a one-year Government of Pakistan Ijarah Sukuk at the Pakistan Stock Exchange on...

Updated 09 Dec, 2023 04:34pm

Editorials

The external resource shortfall

EDITORIAL: The budgeted 6 billion dollars from the commercial banking sector abroad and through issuance of...

Published 28 Nov, 2023 04:56am

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

Opinion

Domestic and foreign savings: Government must cease reliance

National savings rate is an important indicator of an economy’s financial health, and its identity with investment...

Published 29 May, 2023 04:27am

Business & Finance

‘Regulatory Sandbox’: SECP to begin accepting applications for testing on 2nd

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will be accepting applications for testing in...

Published 30 Apr, 2023 05:10am

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	278.50
USD PKR Interbank Buying / Jun 5	278.30
USD to Japanese Yen / Jun 5	156.06
USD to Swiss Franc / Jun 5	0.89
Pound Sterling to USD / Jun 5	1.28
Euro to USD / Jun 5	1.09

Stock	Volume
S&P 500 / Jun 5	5354.03
India Sensex / Jun 5	74382.24
Tokyo Nikkei / Jun 5	38490.17
Nasdaq / Jun 5	17187.05
Hang Seng / Jun 5	18424.96
FTSE 100 / Jun 5	8246.95
Dow Jones / Jun 5	38807.33
Germany DAX 30 / Jun 5	18575.94

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 4	19935
Crude Oil USD/Barrel / Jun 5	74.07
Gold 10 Grams PKR / Jun 5	206276
Gold Spot USD/Ounce / Jun 5	2375.50
Cotton US¢/pound / Jun 5	73.51
Petrol/Litre / Jun 6	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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