Engro has strengthened its position in Pakistan’s telecom sector with a landmark $475 million transaction, fully financed through Islamic banking. The funding has supported the inclusion of Deodar and its network of over 10,000 telecom towers into Engro’s infrastructure portfolio. Industry observers say this development marks one of the biggest Shariah-compliant financing deals ever completed […]

The World Bank has approved $700 million in financing to help Pakistan strengthen its economic system and improve public services through a new long-term reform program. The initiative, known as the Pakistan Public Resources for Inclusive Development, Multiphase Programmatic Approach (PRID-MPA) is designed to support both federal and provincial governments as they work to improve […]