Pakistan News

    Fm 100 Karachi Faisal Islamic Bank

  • PM Abbasi launches 100/100/100 education programme for children in Islamabad

    Prime Minister Shahid Khaqan Abbasi on Monday inaugurated the 100/100/100 education programme targeting 100 per cent enrolment, retention and graduation of children in schools in Islamabad and hoped that the initiative would also be emulated by the provinces...

    The 100/100/100 programme was first mentioned in the annual budget speech by Finance Minister Miftah Ismail, who had said: "This is a national commitment that I make today to...

  • Summit Bank eyes Burj Bank for Islamic banking entry

    KARACHI: Summit Bank has received approval from the State Bank of Pakistan (SBP) to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale...

    The acquisition of a majority shareholding in Burj Bank would fit the long term strategy of Summit Bank, which is planning to convert its operations to conform to Islamic principles...

  • Faisal trumps Salman as Karachi Whites whip Wapda

    KARACHI: In a battle of two cricketers who are currently out of favour with the national selectors for different reasons, Faisal Iqbal upstaged Salman Butt as Karachi Whites strolled to a comfortable Cool & Cool presents National One-day Cup victory against Wapda here on Tuesday...

    Faisal, who has not played at the international level since the Sydney Test against Australia in January 2010, played a captain’s knock of 89 as Karachi...

  • PTI's Faisal Vawda attacked in Karachi

    KARACHI: Pakistan Tehreek-i-Insaf (PTI) leader Faisal Vawda's vehicle came under fire on Friday in the Delhi Colony area of the city, local media reported...

    In May 2013, PTI Vice-President Sindh chapter, Zahra Shahid Hussain, was killed in an attempted robbery incident on the eve of re-polls in Karachi’s NA-250 constituency...

  • Sindh IG, home minister take notice of footage of man firing on Karachi's Shahra-e-Faisal

    Sindh Home Minister Sohail Anwar Siyal on Saturday took notice of a video showing a young man firing on Karachi's Shahra-e-Faisal and using foul language against an unknown person...

    The video circulating on social media since Friday night shows a man, who identifies himself as Adnan Pasha, waving a gun and firing shots in the air on an empty road that he claims is the main Shahra-e-Faisal in Karachi...

  • Shahrah-i-Faisal firing video: 7 taken into custody in Karachi as police attempt to trace suspect

    Police on Sunday arrested seven people in Karachi in connection with a viral video of a young man firing into the air on Shahrah-i-Faisal and using foul language against an unknown person, a day after Sindh Inspector General of Police (IGP) A...

    The video which began circulating on social media on Friday night shows a man, who identifies himself as Adnan Pasha, waving a gun and firing shots into the air on an empty road that he claims...

  • State Bank widens Islamic banks' benchmark requirements

    The State Bank of Pakistan (SBP) has amended its regulations to exempt Islamic banks from using interest-based benchmarks for some of their financing products, the latest government step aimed at boosting Islamic finance...

    Despite a direct ban on charging interest, interest-based benchmarks are used as a pricing reference by a majority of Islamic banks, due in part to the absence of stable and widely-published alternatives...

  • Jamaat wants Bank of Khyber to adopt Islamic banking

    PESHAWAR: Jamaat-i-Islami has said that Khyber Pakhtunkhwa government should convert conventional branches of Bank of Khyber into Islamic banking and introduce Arabic as compulsory subject in curriculum to pave way for Islamisation in the province...

    Mushtaq Khan said that provincial assembly had passed a private member bill and a resolution unanimously on August 12 that bound the government to place ban on interest-based banking...

  • Palestinian Authority arrests 100 Hamas members in West Bank

    RAMALLAH: Palestinian Authority forces arrested over 100 Hamas members in the West Bank who were planning on carrying out attacks, a Palestinian official said, in the biggest raid of its kind in years...

    Spokesman for Palestinian security, Adnan Dameri said “We will not let Hamas undermine our security and draw our country to bloodshed, we will not let Hamas carry out attacks in the West Bank...

  • Faysal Bank to open over 100 branches

    DUBAI: Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank, to capitalise on the country’s low penetration rate of banking services, a senior executive said...

    Ithmaar Bank owns 66 per cent of Faysal Bank, whose contribution to the Islamic retail bank’s overall balance sheet would likely grow to more than half as a result of the expansion, Ithmaar Deputy Chief...

  • Israel approves more than 1,100 new West Bank settlement homes: NGO

    Israeli authorities have approved more than 1,100 new settlement homes in the occupied West Bank, the Peace Now NGO said on Thursday, the latest in a raft of such moves in recent months...

    According to Ofran, the majority of the approvals are for settlements deep in the West Bank that Israel would likely need to evacuate as part of a two-state solution to the Israeli-Palestinian conflict...

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