Islamic Banks all set to help Govt launch Islamic Sukuk

News Image

By MG News | December 20, 2018 at 06:50 PM GMT+05:00

0:00

Finance Minister Asad Umar chaired meeting of senior representatives of different Islamic Banks on matters pertaining to launch of Islamic Sukuk by the Government (PHPL)here on Thursday.

A consortium of Islamic Banks, it may be added has been assigned the task to coordinate with the Government and facilitate it for the launch.

During the meeting representatives of the Islamic banks apprised the meeting about the progress for the subject launch. They also informed that most of spade work had already been completed and there were minor irritants left to be removed.

Finance Minister appreciated the increasing role of Islamic Banks in the overall banking sector and their potential for providing strength to economy. He assured the delegation of all out support from the Government for the planned launch of Islamic sukook which aims to generate sufficient finances to ease out liquidity of the power sector.

The meeting was also attended by Omar Ayub Khan Federal Minister for Power.

Related News

Name Price/Vol %Chg/NChg
KSE100 132,576.99
161.03M
-0.62%
-826.20
ALLSHR 82,983.68
903.36M
-0.25%
-204.38
KSE30 40,358.80
56.86M
-0.72%
-292.66
KMI30 190,727.32
67.92M
-0.71%
-1356.60
KMIALLSHR 55,698.48
457.08M
-0.27%
-149.22
BKTi 36,242.06
11.15M
-0.50%
-180.82
OGTi 28,323.42
10.71M
-0.40%
-114.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,760.00 110,265.00
108,625.00
545.00
0.50%
BRENT CRUDE 70.51 70.71
69.61
0.36
0.51%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.94
67.70
0.42
0.61%
SUGAR #11 WORLD 16.54 16.61
16.08
0.41
2.54%

Chart of the Day


Latest News
July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25


July 09, 2025 at 05:11 PM GMT+05:00

SECP approves name change for Secure Logistics



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg