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Pakistan to implement a Riba-Free Banking System
Significant Steps Are Being Taken by Pakistan towards the Implementation of a Riba-Free Banking System. It was reported that The State Bank of Pakistan strives to create a financial system that complies with Sharia law.
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Corporate Profits Increase by 22% to Rs1 trillion
It was reported that Corporate Profits Increase by 22% to Rs1 trillion despite the fact that one-third of Pakistan is submerged, the country’s blue-chip corporations are still making money. The largest publicly traded firms’ net profits increased by 22% to more than Rs1 trillion annually in 2021–2022.
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Pakistan Current Account Deficit Down 45%
Pakistan’s current account deficit for July 2022 reduced by by 45% to $1.2 billion, which in June was $2.2 billion. This has happened due to a 26 fall in imports (goods and services) to $6.2 billion.
