The Halal Times
Global Halal, Islamic Finance News At Your Fingertips
WASHINGTON- The World Bank is estimating that the coronavirus outbreak will cause economic growth to slow significantly this year in China and other East Asian-Pacific countries, throwing millions into poverty. Under a worst-case scenario, the region could suffer its sharpest downturn since a devastating currency crisis more than two decades ago, the bank said in …
ISLAMABAD, APP: Pakistan Halal Authority (PHA) will start operating soon in Islamabad, Pakistanederal capital after the completion of the recruitment process of the initial staff to promote Halal products within the country and abroad. “The recruitment process of 50 member staff out of total required 200 is under-process after which the authority will be fully …
Web Desk) – Located in Bahria Town Lahore, the Grand Jamia Mosque is truly an architectural masterpiece. With a capacity to hold 70,000 visitors, the Grand Jamia Mosque is Pakistan s third largest and the world s seven largest mosque. Possessing four minarets that are 165 feet high, one big dome 40 feet in height and 20 …
Karachi:- A report jointly published by the Islamic Development Bank (IDB) Group and the World Bank Group has outlined the potential of Islamic finance in curbing income inequality and ending poverty worldwide. The report, subtitled “Islamic Finance: A Catalyst for Shared Prosperity?”, was unveiled on Monday by IDB Group President Dr Bandar Hajjar at a …
LAHORE: De-regulation of meat prices in local market is a prerequisite to improve the product’s supply in the country and to increase the country’s share in the $1.3 billion global Halal food trade, said a study. “The first and fundamental step for increasing meat export is to de-cap price in the local market,” the Center …
KUALA LUMPUR: Conglomerate Sime Darby Bhd has received bondholders’ approval to restructure its US$800 million sukuk, a milestone in the group’s proposed debt reorganisation, which forms part of its plan to create three independent listed companies. US$400 million of the sukuk mature in 2018 and an equal amount in 2023. Sukuk holders approved the company’s …
KARACHI: The government is looking to raise as much as Rs150 billion by issuing fresh Ijara Sukuk in the domestic market in July 2017 to help finance its growing budget deficit, industry officials said on Tuesday. The planned 18th Ijara Sukuk could be issued against the assets of M1 motorway Peshawar-Islamabad and M3 Pindi Bhattian …
KARACHI (Daily Dunya) – A recent study by Karachi Chamber of Commerce and Industry states that Pakistan’s meat industry is growing at annual rate of 27pc. In 2003, the trade volume of halal food was $14 million which had piled up to $244 million in 2015 with 708,968 tons of meat exported. The above mentioned …
LAHORE: Halal food can take the country’s exports to new heights, but the government continues to ignore it. Halal food, particularly beef and meat is another potential where Pakistan enjoys huge advantage. The global trade of halal food has exceeded $300 billion. Halal beef, mutton and chicken markets are dominated by non-Muslim economies, as most …
By 2018, the halal food trade market will soar beyond $1.6 trillion. Halal products beyond food such as cosmetics and pharmaceutical nearly double this trade figure. Every study on halal product trade potential of Pakistan places it among top five Muslim countries. The abysmal reality on the ground is just another matter, though. A 2016 …
Muhammad Zubair assured that federal government will provide every possible assistance in removing hurdles in way of Islamic banking. Sindh Governor Muhammad Zubair says Islamic banking sector in the country is progressing at fast pace. He was addressing the sixth International Finance Expo and Conference in Karachi today. Muhammad Zubair assured that federal government will …
PAKISTAN’S meat exports are on the decline despite a global trend of rapid growth. The Trade Development Authority of Pakistan (TDAP) figures that the country’s meat exports have dropped to $140.345m in the first eight months of the ongoing year, from $188.345m a year ago. International meat trade on the other hand has risen by 16pc to …
