Pakistan is taking a major step toward sustainable development by launching its first Green Sukuk—a Sharia-compliant bond designed to fund environmentally friendly projects. The government aims to raise Rs52 billion to complete three key clean energy initiatives: Garuk Storage Dam (Balochistan) Nai Gaj Dam (Sindh) Shagarthang Hydropower Project (Skardu) This move is part of Pakistan’s...
Meezan Bank (PSX: MEBL), Pakistan’s largest Islamic bank, has reported a profit after tax (PAT) of PKR 22 billion for the first quarter of 2025 (Q1 CY25). However, earnings declined by 11% compared to last year, mainly due to lower interest income and higher expenses. Despite the drop, the bank announced a cash dividend of PKR 7 per share, offering some relief to shareholders. Let’s break down the...
Dubai, UAE – The UAE has launched new tax-friendly rules to encourage more international investments and strengthen its position as a top global business hub. The Ministry of Finance announced key changes for Qualifying Investment Funds (QIFs) and Limited Partnerships, offering tax exemptions and simpler regulations for foreign investors. These updates aim to make the UAE even more attractive for...
Barcelona & Islamabad, March 06, 2025 – Mobilink Bank Wins GLOMO Award for its impactful Invisible Heirs campaign at the GSMA Global Mobile (GLOMO) Awards during Mobile World Congress 2025. A subsidiary of VEON Ltd. (Nasdaq: VEON), Mobilink Microfinance Bank received the prestigious ‘CMO Marketing Campaign’ Award for its efforts to address the issue of women being denied their rightful...
Pakistan has taken a significant step toward embracing digital assets by appointing Bilal Bin Saqib as the Chief Advisor to the Finance Minister on the Pakistan Crypto Council. This move underscores the nation's commitment to integrating cryptocurrency and blockchain technologies into its financial ecosystem while developing a robust regulatory framework aligned with global best practices. Pakistan's...
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