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Pakistan’s Islamic finance sector gains momentum, CDNS nears annual target midway through FY 2025-26
ISLAMABAD, Jan 9 (APP):The Central Directorate of National Savings (CDNS) has recorded a significant milestone in promoting Shariah-compliant investments, achieving Rs 23.4 billion in Islamic finance inflows from July 1, 2025, to January 8, 2026. This figure brings the directorate close to its annual target of Rs 25 billion for the current fiscal year 2025-26, […]
Monetary market receives Rs 1.6 trillion from SBP to maintain liquidity
KARACHI, Jan 09 (APP):The State Bank of Pakistan (SBP), on Friday, injected Rs 1,590.1 billion through Reverse Repo Purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO) to maintain liquidity in the market. The central bank conducted the Open Market Operation, Reverse Repo Purchase (Injection) for 7 and 14-day tenors on January 09, 2026, […]
FPC directed to prepare comprehensive master plan within two weeks: commissioner
FAISALABAD, Jan 09 (APP):Divisional Commissioner Raja Jahangir Anwar had directed the Faisalabad Parking Company (FPC) to prepare a comprehensive master plan within two weeks to organise and modernise parking system of the city in line with the directives of Punjab Chief Minister Maryam Nawaz. Presiding over a meeting here on Friday, he categorically declared that […]
Gilgit Development Authority delegation visits FDA
FAISALABAD, Jan 09 (APP):A three-member team of officers from Gilgit Development Authority (GDA) visited FDA Complex and attended a briefing session. GDA Director General Izharullah led the delegation which comprised of Chief Engineer Arif Hussain and Assistant Director Coordination Muhammad Mustafa. Director General (DG) Faisalabad Development Authority (FDA) Muhammad Asif Chaudhry welcomed the visiting team […]
Workers’ remittances inflow increase by 10.6% to $19.7 bln during 1st half FY26
ISLAMABAD, Jan 9 (APP):The overseas workers’ remittances witnessed an increase of 10.6 per cent during the first half of the current fiscal year 2025-26, the State Bank of Pakistan (SBP) said on Friday. The inflow of $ 19.7 billion was recorded during July-December 2025-26 as compared to the inflow of $17.8 billion during July-December 2024-25, […]
PM orders solarization of loss-making feeders of PESCO, QESCO
ISLAMABAD, Jan 9 (APP): Prime Minister Shehbaz Sharif on Friday directed that loss-making electricity feeders be shifted to solar power with the cooperation of local communities and provincial governments to ensure uninterrupted electricity supply in remote areas of the country. Chairing a high-level review meeting on solarization to ensure uninterrupted power supply to remote areas […]
PM approves policy framework to reform gemstones sector
ISLAMABAD, Jan 9 (APP): Prime Minister Shehbaz Sharif on Friday gave in-principle approval to the National Policy Framework to reform the gemstones sector, align it with international standards, and provide a conducive environment for foreign investment. The prime minister, chairing a high-level meeting here on the country’s gemstone reserves, sectoral reforms, export enhancement, and implementation […]
Govt accords special importance to B2B cooperation in IT, emerging technologies: PM
ISLAMABAD, Jan 9 (APP): Prime Minister Shehbaz Sharif on Friday appreciating the growing interest of the UAE investors in Pakistan’s digital economy, said that the Government of Pakistan accorded special importance to business-to-business (B2B) cooperation in the fields of information technology, digital innovation, blockchain, and other emerging technologies. The prime minister, in a meeting with […]
Shaza Fatima Khawaja launches artificial intelligence module at civil services academy
ISLAMABAD, Jan 8 (APP):Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja on Thursday inaugurated the Artificial Intelligence 101 module at the Civil Services Academy (CSA) in Islamabad. Addressing the Special CSS Batch comprising 52 probationary officers from Balochistan, 46 from Sindh and 10 additional officers from Sindh, encouraged by the Federal Minister. This […]
CDA reclaims 320 kanals of encroached land in Islamabad National Park
ISLAMABAD, Jan 08 (APP):The Capital Development Authority (CDA) on Thursday reclaimed around 320 kanals of valuable state land from illegal occupation during an anti-encroachment operation in the Saidpur area of Islamabad National Park. According to the CDA, the operation was carried out on the directives of CDA Chairman and Chief Commissioner Islamabad Muhammad Ali Randhawa […]