Month: July 2022

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SBP adopts more AAOIFI Shariah Standards for Islamic Banking Industry 

Karachi, July 04, 2022 (PPI-OT):Strengthening Shariah compliance of Islamic banking industry in line with the best international practices is one of the key pillars of SBP’s 3rd Strategic Plan for Islamic Banking Industry 2021-25. Under the plan, SBP has been adopting Shariah standards of Accounting and Auditing Organization for Islamic

Public Holidays 

Karachi, July 04, 2022 (PPI-OT):The State Bank of Pakistan will remain closed from 8th to 12th July, 2022 (Friday to Tuesday) being public holidays on the occasion of Eid-ul-Adha For more information, contact: Chief Spokesman, State Bank of Pakistan (SBP) Central Directorate I.I. Chundrigar Road, Karachi, Pakistan Tel: +92-21-111-727-111 Tel:

IMF programme is on track: Finance Minister 

Islamabad, July 04, 2022 (PPI-OT):Finance Minister Miftah Ismail has refuted the news about postponement of International Monetary Fund programme. In a tweet, he said there is no truth in such news and the program is on track. For more information, contact: Ministry of Information and Broadcasting Government of Pakistan 4th

UK PM acknowledges Sikh activist Johal’s detention in India as arbitrary 

London, July 04, 2022 (PPI-OT):British Prime Minister Boris Johnson has acknowledged the arbitrary detention of Scotland-based Sikh activist, Jagtar Singh Johal by the Indian government for the first time. Boris Johnson in a letter to the leader of the Labour Party, Keir Starmer, said that Johal has been arbitrarily detained

Earthquake of magnitude 3.2 hits IIOJK 

Jammu, July 04, 2022 (PPI-OT):In Indian illegally occupied Jammu and Kashmir, a low-intensity earthquake of magnitude 3.2 hit Doda district of Jammu on Monday. According to Kashmir Media Service, the quake struck at 12:12pm in Doda area of the territory, the officials said. They said its epicentre was at a