Pakistan Raises Rs76bn Through Hybrid Sukuk Auction on PSX
The federal government secures seventy six point two billion rupees through fixed and variable rate Hybrid Sukuk issuances as long term Shariah compliant assets see heavy demand.
SECP Mandates Phased Adoption of Shariah-Compliant Trading for Licensed Entities
The Securities and Exchange Commission of Pakistan has directed institutional investors and licensed entities to gradually adopt Shariah-compliant brokerage services, with a phased plan beginning in 2025 to align financial markets with Islamic principles.