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central bank

Banks to Remain Closed on January 1

News Desk Karachi: The State Bank of Pakistan (SBP) on Tuesday announced a nationwide bank holiday on January 1, 2026, during which all banks and financial institutions will remain closed for public dealing.In a statement, the…

Clergy adopt unified stance on interest

Asem Mustafa AwanAll religious schools of thought in Muslim Ummah have the same stance on interest (riba) that it is un-Islamic and oppressive. Addressing a seminar in Karachi on the topic of usury, leading scholars of all schools of…