Business

Teenagers in Pakistan can now manage their own finances

New Shariah rules announced for Pakistan’s Islamic banking sector

KARACHI (Kashmir English): To improve consistency and strengthen Shariah compliance in the Islamic banking sector in Pakistan, the State Bank of Pakistan (SBP) has decided to implement Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Shariah Standard No. 30 on Monetization. The standard shall be applicable immediately as per an SBP notice with the

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Electricity prices

Electricity prices may rise under September fuel price adjustment

ISLAMABAD (Kashmir English): The Central Power Purchasing Agency (CPPA) has submitted a request to the National Electric Power Regulatory Authority (NEPRA) seeking an increase in electricity tariffs by Rs 2.56 per unit, under the monthly fuel price adjustment for September. According to the request, the proposed hike is intended to recover from consumers the additional

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LPG price increased

SNGPL issues gas suspension schedule for Rawalpindi

RAWALPINDI (Kashmir English): Sui Northern Gas Pipelines Limited (SNGPL) has said that gas supply will be temporarily suspended in several areas of Rawalpindi city and cantonment due to construction work on the Peshawar Road underpass.  According to an SNGPL spokesperson, the company will connect the main gas pipeline as part of the ongoing construction work on

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