Stock Market / Finance in pakistan
-
PAKISTAN, 2013/07/20
Pakistan’s central bank has launched a mass media campaign to raise awareness and acceptance of Islamic finance part consumers in the world’s second most populous Muslim country.
The campaign is part of an overhaul of Islamic finance activities in Pakistan, which as well includes the establishment of a country-level sharia board and new rules for sharia-compliant financial products.
The central bank is rolling out a five-year plan for Pakistan’s Islamic banking sector, which follows religious principles such as bans on interest and pure monetary speculation.
-
PAKISTAN, 2013/05/02
Pakistani stocks closed higher on Wednesday next a steep fall of additional than 350 points in the last two sessions, with renewed buying in Maple Leaf Cement and Engro helping the recovery, traders said. The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.18 %, or 32.25 points, higher at 18,394.12 points.
