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Rs5 bn solar village electrification afoot in rural areas, says Sindh CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Saturday said that solar electrification of villages is afoot in rural areas at the cost of Rs5 billion. “Rural Development Department (RDD) has also been assigned to install solar lights in rural areas for Rs3 billion. It has also been given Rs2 billion for electrification of off-grid areas through Solar Technology under which schools and villages would be electrified,” he said while presiding a meeting of Public Health Engineering (PHE) and RDD here at the CM House.…

Efforts afoot to gradually adopt Islamic financing: Senate informed

ISLAMABAD: The Senate was Tuesday informed that efforts are underway to gradually adopt Islamic mode of financing in the country. Minister for Law and Justice Zahid Hamid told the House during question hour that State Bank of Pakistan has allowed three types of Islamic Banking, whereas, every bank operating in the country has its own Shariah Board to seek guidance for Islamic banking. “11.4 percent of total assets, whereas 13.2 percent of total deposits by June, 2016, are under Islamic banking,” he said. Zahid Hamid…