Islamic Banking Industry (IBI) continues to flourish in the country as its assets reached Rs. 3 trillion by the end of 2019.
According to the Islamic Banking Bulletin issued by State Bank of Pakistan (SBP), the assets of IBI grew by 9.6 percent or Rs. 289 billion in the last quarter to reach Rs. 3.284 trillion. Thus, the market share of the IB’s assets in the overall banking industry stands at a quite impressive level of 14.9 percent for 2019.
Since the re-launch of the Islamic banking industry early in 2000 with merely one bank (Meezan Bank), the industry strived hard to penetrate the market with little awareness and acceptance among the general public and consumers of banking services.
Gradually, the industry expanded with the addition of two more full-fledged banks—BankIslami and Dubai Islamic Bank in 2005 and then Al Baraka Bank Pakistan was established after a gap of five years in 2010 showing consistent development of the industry with increasing acceptance and demand in the M..
Category: Auto
Wedding Ban, School Closure, Border Seal, Other Tough Decisions Taken to Fight Coronavirus
It was revealed by the Special Assistant to the Prime Minister on Health Dr. Zafar Mirza late yesterday that the count of confirmed coronavirus cases has now reached 28 in the country.
Dr. Firdous Ashiq Awan, PM’s aide on Information and Broadcasting, said, “There is a lot of speculation about the total number of cases in the country. However, I can confirm that Pakistan has 28 confirmed cases of coronavirus.”
The high-powered Security Council meeting took place yesterday where significant decisions were taken for all provinces to curb coronavirus spread.
Some of them included a ban on weddings and other social gatherings for 14 days, closure of western borders, calling off Pakistan Day parade, spectator-less PSL matches, international flight operations from Karachi, Islamabad, and Lahore airports only, and country-wide closure of academic institutions till April 5.
Meanwhile, COVID-19 continues to shock and paralyze the world. 5,000 deaths and over 140,000 cases have been reported..
Promotion of Exports is The Government’s Top Priority: PM
Prime Minister Imran Khan said that in view of the country’s economic improvement, the government’s foremost priority is the promotion of exports.
He was presiding over a high-level briefing meeting on the Strategic Trade Policy Framework (STPF) 2020-25 and the Textile Policy 2020-25.
The Prime Minister, while appreciating the efforts about the participation of the private sector in policy formulation on an institutional basis, said the government believes in achieving economic targets with the guidance and consultation of the private sector. The present government is also committed to the sustainability of policies, he added.
He directed to resolve problems regarding the establishment of industries in the economic zones on a priority basis and in line with the government’s policy.
Advisor on Commerce Abdul Razak Dawood briefed the Prime Minister about the basic features of STPF 2020-25, guidelines, exports’ estimates, strategy for achieving targets and priorities regarding 26 diff..
This Water Filter Manages RO-5 Level Filtration for Cheap
Viomi, a Xiaomi subsidiary, is known for its top-notch home products. From vacuum cleaners to kitchen appliances and electric heaters, the Chinese company has launched products in every category.
Last year, around this time, Viomi launched the Yunmi S2 internet water purifier with 400G flux. Almost a year later, it has upgraded the same product with newer technology and launched it under the moniker of Yunmi S2 600G.
Design and Construction Most of the design elements of the Yunmi S2 600G internet cloud-meter water purifier are similar to its predecessor. It has the same minimalistic two-tone body and a PVC construction. The only difference we see is a changed faucet. Instead of an ordinary faucet, it comes with a small blue-light faucet. It is programmed to give a changing reminder on time, hence, the users will not have to track it regularly via the application.
Technology used The Yunmi S2 600G, as the name suggests, comes with 600G large flux, unlike its predecessor. It also pro..
Coronavirus: Pakistan Closes Borders, Cancels Parade and More
A number of big decisions have been made in the emergency Security Council meeting presided by Prime Minister, Imran Khan regarding the coronavirus outbreak.
The recently concluded meeting was also attended by chiefs of Pakistan Army, Navy and Air Force as well as the Chief Ministers of all provinces. Here are some of the outcomes of the high-profile meeting:
Pakistan Day parade has been called off The country’s borders on all sides will be sealed off for the next 15 days The incoming international flights will be allowed at Lahore, Islamabad and Karachi airports only Ban has been imposed on public gatherings including weddings in marriage halls PSL matches in Lahore, including the final, will also be played behind closed doors All the educational institutes throughout the country will remain closed till 5th April The global pandemic has caused more than 5,000 deaths worldwide with close to 140,000 reported cases.
Following Other Provinces, Punjab Closes All Institutes & Bans Public Gatherings
The Logistics Committee of Punjab government has made an in-principle decision to close down all public and private educational institutes across the province for over two weeks. A final notification will be issued in this regard when Chief Minister Usman Buzdar returns from Islamabad. Buzdar is in the federal capital for the Security Council’s meeting over the looming virus threat.
As per media reports, the committee has recommended banning all public gatherings across the province until the end of March. This means the closure of cinemas, large religious gatherings, schools, colleges, and universities.
Moreover, the provincial Law Minister has also postponed the Lawyers’ Convention scheduled for 15th March.
ALSO READ
Here’s the List of Players Who Will No Longer Participate in PSL 2020
Khyber Pakhtunkhwa A similar decision was announced by the KP government earlier today in which it announced to close all educational institutes and the student hostels until March 31. The provinc..
Here’s the List of Players Who Will No Longer Participate in PSL 2020
The Pakistan Cricket Board (PCB) has made a number of changes to the Pakistan Super League (PSL) 2020 over Coronavirus fears. While there are schedule changes and a number of players are leaving the country, PSL will go on without any delays.
The following decisions have been taken by the PCB earlier today:
The Pakistan Super League 2020 will proceed as planned, including tonight’s Multan Sultans versus Peshawar Zalmi match, which will commence at the National Stadium at 8 pm The match will be played behind closed doors and only event accredited personnel will be allowed to enter the venue All players and players support personnel have been given the option to withdraw from the HBL PSL 2020 should they wish to do so. The following players have to date confirmed they will not take any further part in the HBL PSL 2020: Karachi Kings – Alex Hales Multan Sultans – Rilee Rossouw and James Vince Peshawar Zalmi – Tom Banton, Carlos Brathwaite, Liam Dawson, James Foster (coach), Lewis Gregor..
Should You Be Worried About the Coronavirus?
If being a little worried can keep you safe from catching the highly contagious COVID-19, we recommend you to be so. At the same time, it’s not wise to panic either.
There are a few things you should know about the coronavirus which will help you stay safe and make better decisions if it does break out in Pakistan on a larger scale.
Most COVID-19 Patients Recover The vast majority of people who test positive for COVID-19 fully recover. Of the 131,500 people infected worldwide, 68,324 have recovered and are leading normal, healthy lives.
According to the World Health Organization, of about 80,000 people who were infected with COVID-19 in China, more than 70% have already recovered and been discharged from hospitals.
In Pakistan too, one of the 21 COVID-19 patients has been declared virus-free and has been released from the hospital.
History’s First Controllable Pandemic While the World Health Organization has been raising concerns over the elusive nature of the virus that makes it ..
Road Prince Increases Bike Prices Yet Again
Despite stagnant consumer demand, Road Prince has increased the prices for all models for the second time in just four months.
According to an official notification released to the dealers, the price hike will come into effect immediately.
Previously, Road Prince had raised the prices of all bike models in November 2019.
ALSO READ
All Atlas Honda Bikes Get Another Massive Price Increase
Here is the updated price list for all models of Road Prince.
Model Retail Price (Exclusive of Sales Tax) Sales Tax @ 17% Retail Price
(Inclusive of Sales Tax) 70CC Regular Motorcycle 39,316 6,684 46,000 70CC Passion Plus Motorcycle 45,299 7,701 53,000 70CC Classic 41,880 7,120 49,000 100CC Complete Motorcycle 43,162 7,338 50,500 110CC Complete Motorcycle 44,017 7,483 51,500 100CC Front Portion 40,171 6,829 47,000 100CC Front Portion (Alloy Rim) 42,735 7,265 50,000 110CC Front Portion (Alloy Rim) 42,735 7,265 50,000 110CC Front Portion 40,598 6,902 47,500 110CC Front Portion (Special Edition) 43,1..
Here’s the Revised PSL 2020 Schedule
The rising coronavirus threat has forced Pakistan Cricket Board (PCB) to change the schedule of Pakistan Super League’s (PSL) remaining matches.
This was decided today in a meeting attended by all the stakeholders, including PCB chairman and CEO, franchise owners, and broadcasters, etc.
The meeting was convened to discuss the latest developments due to the novel coronavirus. Options of postponing the remaining PSL games, shifting Karachi games to other cities, and rescheduling remaining matches came into discussion.
ALSO READ
Indian Board Postpones IPL Due to Coronavirus
With every stakeholders’ consent, the board decided to reschedule the remaining PSL 2020 matches. A slight reshuffle means the number of games will be reduced from 34 to 33, while the tournament will be shortened by four days.
As per the revised schedule, the playoffs will be replaced with semifinals to be played on 17th March. The final will be on Wednesday, 18th March. Moreover, some of the Karachi matches have..
Load More