ISLAMABAD: Finance Minister Ishaq on Wednesday revealed that the coalition government in consultation with the State Bank of Pakistan (SBP) has decided to withdraw both appeals filed in the Supreme ...

Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) President, Muhammad Farooq Shaikhani, emphasised the need for an interest-free banking system that aligns with the people’s values, ...

Pakistan will implement the decision of the Federal Shariat Court (FSC) to rid the country of an interest-based banking system, Finance Minister Ishaq Dar said on Wednesday, but many are questioning ...

Finance Minister Ishaq Dar on Wednesday announced that the government will be withdrawing the State Bank (SBP) and National Bank's (NBP) appeals against the Federal Shariat Court (FSC) direction to ...

Jamaat-e-Islami Emir Senator Siraj-ul-Haq has urged the government to implement Federal Shariat Court's decision delivered in 1991 for introducing interest-free banking system in the country; ...

Riba-free (interest-free) banking is a key principle of Islamic finance, which prohibits interest on loans, viewing it as exploitative and unjust. Instead, it emphasizes risk-sharing, ethical ...

A senior leader of the ruling Congress Party of India has emphasized the need to introduce an interest-free Islamic banking and financial system in the country in order to improve the economic ...

Finance Minister Ishaq Dar said on Saturday that the government had formed a committee to replace the conventional banking system with the interest-free system across the country. The minister said ...

ISLAMABAD: Finance Minister Ishaq Dar said Wednesday that the State Bank of Pakistan (SBP) and the National Bank of Pakistan (NBP) would withdraw their petitions from the Supreme Court of Pakistan ...

The banking system remains resilient with robust levels of capital, loan-loss provisions and liquidity, according to the central bank. The latest Bank of Thailand statement revealed in the third ...