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Afghanistan approves first full-fledged Islamic bank

KABUL: Afghanistan’s central bank has granted a license to the Islamic Bank of Afghanistan (IBA), the first lender in the country to apply the interest-free principles of Islamic finance in all its operations, a senior bank official told…

Miftah hopes growth rate to reach 6.2 next year

WASHINGTON: Adviser to the Prime Minister on Finance Miftah Ismail has said the growth rate remained at 5.8 percent during the current year and is expected to touch 6.2 percent next year. In an interview with a US TV channel in…

Rs 45 bn approved for HEC development

ISLAMABAD: Minister for Planning, Development and Reforms, Ahsan Iqbal has approved allocation of Rs 45 billion for the development budget of Higher Education Commission (HEC) under Public Sector Development Programme (PSDP) 2018-19. The…