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KARACHI   (  WEB  NEWS  ) Lucky Investments Limited has made history by executing the largest ever mutual fund launch witnessed in Pakistan. The newly established Asset Management Company has raised an unprecedented PKR 50 Billion during the Initial Public Offering (IPO) of its Lucky Islamic Money Market Fund, shattering allRead More →

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In: Banking Sector
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Ishaq Dar reaffirms govt’s firm resolve to promote Islamic finance industry & eliminate interest based system in Pakistan Says Pakistan has a strategic plan in place to develop Islamic finance ISLAMABAD ( Web News ) Minister for Finance and Revenue Senator Mohammad Ishaq Dar has reaffirmed the government’s firm resolveRead More →

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In: Banking Sector
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SECP announces fourth cohort under its Regulatory Sandbox The applications submission window shall remain open till May 31, 2023 The upcoming fourth cohort is divided into two segments: (i) Islamic Finance; and (ii) Conventional Finance. ISLAMABAD ( Web News ) The Securities and Exchange Commission of Pakistan (SECP) will beRead More →

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In: Banking Sector
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KARACHI ( TARIQ REPORT ) In a landmark development to promote Islamic Banking and Finance in the country, Pakistan’s leading financial institution Bank Alfalah has entered into an agreement with AlHuda Centre of Islamic Banking and Economics (CIBE), an international leader in human capital development for the Islamic financial services industry.Read More →