Climate change is no longer a distant concern—it is a pressing reality that is reshaping global finance. As governments, institutions, and investors seek sustainable solutions, Islamic banking is emerging as a natural ally of the green financing movement. Its core principles—risk-sharing, ethical investment, and real economic activity—resonate closely with environmental, social, and governance (ES
Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 1,200 points during the opening minutes of trading on Monday. At 9:34am, the benchmark index was hovering at 169,472.94, a decrease of 1,199.10 points or 0.70%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP), the third of this calendar year, will meet today (Monday) to discuss the country’s economic issues and decide on the policy rate. At its previous meeting, held on March 09, 2026, the MPC, in line with market expectations, kept its benchmark policy rate unchanged at 10.5%. Market experts showed mixed expectations regardi
Gold fell on Monday, pressured by a firm dollar, while higher oil prices heightened fears of inflation and higher-for-longer interest rates as US-Iran peace talks remained stalled. Fundamentals Spot gold was down 0.3% at $4,694.26 per ounce, as of 0059 GMT. Last week, the metal lost 2.5% to snap a four-week winning streak. Get the latest news from India and how it matters to the world w
Kot Addu Power Company Limited (KAPCO) announced on Monday that Fauji Cement Company Limited and KAPCO had successfully taken over a controlling stake (92.03%) in Attock Cement. This was announced in a notice to the Pakistan Stock Exchange today. “We would like to inform that the transaction has been executed today, i.e. on April 24, 2026, upon completion of all contractual conditions and co