The debut of Pakistan’s inaugural listed sovereign Sukuk in December last year, valued at Rs30 billion, on the Pakistan Stock Exchange (PSX), alongside robust investor interest totaling nearly Rs400 billion, has paved the way for the consistent issuance of Shariah-compliant securities. This momentum could catalyse the creation of innovative Islamic capital market products such as Sukuk Exchange
The antitrust watchdog on Saturday announced the approval of the Scheme of Arrangements for the acquisition of 100% shareholding in Pakistan International Airlines Corporation Limited (PIACL) by a new company named PIA Holding Company Limited (Holdco). In its order, the Competition Commission of Pakistan (CCP) said that the acquisition of PIA Corporation by PIA Holding Company would not have an
In recent decades, the rise of private equity firms has reshaped the economic landscape of the United States and Europe. While initially heralded as engines of innovation and growth, these firms have come under increasing scrutiny for their practices, which often prioritise short-term gains at the expense of long-term sustainability. In reality, private equity has contributed to the destruction
A tremendous amount of focus is now visible from actions of the current leadership, spearheaded by supremely empowered Special Investment Facilitation Council (SIFC) with support of Prime Minister Shehbaz Sharif. Reportedly, the PM was lauded as a “man of action” by one of the Saudi Arabian ministers and Finance Minister Muhammad Aurangzeb too has focused his entire energy on implementation of
ISLAMABAD: Net metering, also referred to as net energy metering (NEM), is an electricity billing method enabling consumers generating their own power to utilise it at any time, rather than solely when it’s generated. It involves customers with solar panels transferring excess electricity they produce to the grid, receiving credits from the utility company on their electric bill. When solar pan