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Introduction: Shariah compliant money market funds have gained popularity among investors who seek ethical and halal investment options. These funds adhere to Islamic principles and invest in short-term, low-risk instruments, making them an attractive choice for conservative investors. In this article, we will explore the top-performing Shariah compliant money market mutual funds with impressive annualized returns. Whether you are a …

Introduction The Pakistan government has provisionally awarded two exploration blocks to the state-owned Oil and Gas Development Company Limited (OGDCL) as part of an initiative to discover fresh hydrocarbon deposits and reduce the country’s reliance on energy imports. OGDCL reported that it has been provisionally awarded the Sehwan 2,667-19 block in Sindh and the Zindan-II 3,271-9 block in Punjab, with …

Introduction In a recent report released by the State Bank of Pakistan (SBP) on Thursday, the foreign exchange reserves held by the central bank experienced a significant surge of 9.6% on a week-on-week basis. As of June 30, the SBP’s foreign currency reserves reached $4.4 billion, marking an increase of $393 million compared to the previous week’s $4.06 billion. This …