Latest news with #KamranTessori
Business Recorder
21-05-2025
- Business
- Business Recorder
National Islamic Economic Conference: Leaders support ‘Sharia-compliant model'
KARACHI: At the third National Islamic Economic Conference 2025, leaders from government, finance, and religious institutions united in their support for transforming the country's financial system into an interest-free, Sharia-compliant model. The third NIEC 2025 titled 'Towards the Islamic Digital Economy,' was organised by Saylani Welfare International Trust in collaboration with the National Islamic Economic Forum (NIEF) and Darul Uloom Memon. Addressing the conference Governor Sindh Kamran Tessori praised the Prime Minister's 'Uraan Pakistan' initiative and emphasized the importance of Islamic banking, AI-driven innovation, and national resilience. With strong backing from scholars, the judiciary, and the State Bank, Pakistan is on track to become a global leader in the Islamic digital economy by 2027. Governor Sindh, Kamran Khan Tessori, commended Prime Minister's efforts under the 'Uraan Pakistan' initiative to elevate the national economy. He stressed the importance of transitioning from a conventional to an interest-free Islamic financial system. Tessori pointed out the need to embrace artificial intelligence (AI) to remain globally competitive, while acknowledging Saylani Welfare's efforts in advancing AI education among youth. Allama Raghib Hussain Naeemi stated that the Islamic Ideological Council has opposed the interest-based financial system from the very beginning and has already submitted its comprehensive report. The Federal Shariat Court has ruled for the complete implementation of the Islamic banking system, replacing the conventional banking system, by 2027. He expressed full support for the State Bank's efforts in this regard. The Council recommended that funds related to Hajj and Zakat should be managed under the Islamic banking system. Highlighting the growing trend of e-commerce, he said it is rapidly becoming a popular trade method, necessitating a clear framework for such transactions. He welcomed the establishment of the Crypto Council but stressed the need for discussion on the volatility of digital currencies. He emphasized that if the state's leadership focuses its attention, Pakistan could soon transition to an interest-free banking system. Allama Naeemi mentioned that the Shariat Court has already issued orders to eliminate interest, and the Islamic Ideological Council continues to provide guidance on Islamic banking. Since 2025, a trend toward digital economic growth has been observed, making it crucial to safeguard Hajj and Zakat funds in Islamic banks. He also pointed out that the number of internet users in Pakistan has reached 170 million, making it the fifth largest in the world. However, he highlighted a lack of experts in this field. Speaking about the Crypto Council established in 2025, he noted that scholars have not yet addressed the critical discussions required on the subject. Mufti Muneeb-ur-Rehman stated that according to the Shariat Court's order, all banks must transition to the Islamic banking system by the end of 2027. Currently, banks have only two years, seven months and 11 days left to implement this, but there seems to be no significant activity in the government or banking sector regarding this transition. He further criticized the government, saying it is itself involved in interest-based transactions in many areas. He called for conferences that not only raise awareness but also motivate and initiate concrete actions. He also praised the efforts of organisations like Saylani, the NIEF, and Darul Uloom Mehmoodabad in opposing the interest-based system. Mufti Muneeb referred to the events of December 16, 1971, stating that the dagger India thrust into Pakistan's heart has been countered effectively. He commended the sacrifices of the Pakistani Armed Forces, adding that their recent successes prove that with Allah's help, Pakistan has defeated a much larger enemy. He emphasized that following Allah's commandments in all aspects would lead to further divine assistance. Maulana Bashir Farooqi, in his brief speech, stated that 'eliminating the interest-based system by 2027 is essential. Interest is a war against Allah and His Messenger, and no one can succeed in such a war.' He said Saylani is collaborating with relevant institutions to promote the Islamic digital economy. Chairman of the Securities and Exchange Commission of Pakistan (SECP), Tariq Naseem, noted that Islamic fintech is resolving issues related to Islamic financing. He highlighted the need to provide facilities for the 7 million microfinance bank users who are currently unable to open bank accounts. Faisal Bank's President, Yousuf Hussain, spoke about the progress being made in promoting Islamic banking but acknowledged that several issues still need to be addressed. Chairman of ABAD, Hasan Bakhshi, commended the efforts of the State Bank's Governor in promoting Islamic banking. He revealed that 90% to 95% of investors and buyers in the construction industry are inclined towards Islamic banking, emphasizing the sector's significant potential. He called for commercial banks to accelerate their shift toward Islamic banking. The conference concluded with the signing of several Memorandums of Understanding (MOUs) between Saylani and various financial institutions to collaborate on promoting an Islamic economy. Copyright Business Recorder, 2025
Express Tribune
19-05-2025
- Politics
- Express Tribune
Governor says armed forces to vanquish terrorists
Governor Kamran Tessori has cautioned elements perpetrating terrorism in K-P and Balochistan that after making India bite the dust on the war front, they are the next target of the armed forces. Talking to the media in Hyderabad on Sunday after inquiring about the health of an injured soldier in the Combined Military Hospital, he referred to India as the sponsor of terrorism in those two provinces of Pakistan. "[Indian Prime Minister Narendra] Modi didn't launch that attack on Pakistan heedlessly but there was a long and well thought out conspiracy behind it," he believed. "And that conspiracy is linked to the terror incidents occurring frequently in Balochistan and K-P." Tessori reiterated that after vanquishing the sponsor of terror the Pakistani security agencies will now take on the terrorists hindin within the country. "They [India] will not come to save you." He noted that Pakistan's civilians and armed forces both have sacrificed around 80,000 lives in the terror attacks. "After taking these 80,000 lives a war was going to be imposed on us." He vowed to take revenge for all those 80,000 martyrs as well as those who were martyred between May 7 to May 10. He said the world witnessed that the Pakistani nation did not fear the war as the people, including he and his family, flocked to Wagah border on the very next day of the first attack.
Business Recorder
09-05-2025
- Politics
- Business Recorder
Tessori, Punjab governor slam Indian aggression
LAHORE: Governor Sindh Kamran Tessori called on Governor Punjab Sardar Saleem Haider Khan, here at Governor House and discussed the situation arising out after the Indian aggression. Both leaders paid tribute to the Pakistan Army for giving a befitting reply to the Indian aggression. Speaking on the occasion, the Punjab governor said that all political parties are united for the integrity of the country. He said that the entire nation is standing with the Pakistan Army like a lead wall. He said that India targeted unarmed civilians in the darkness of the night. He said that innocent children, women and men were martyred in the Indian attack. The governor further said that India is the biggest terrorist country in the world. He said that Indian aggression is a serious threat to peace in the region. He said that Pakistan wants peace in the region but India should not misconstrue it as Pakistan's weakness. He said that the entire nation is united like a clenched fist to protect the country. Moreover, he strongly condemned the drone attacks on civilians by India. He paid tribute to the Pakistan Army for timely intercepting the drones. The governor said that the Pakistani forces have shot down all the drones and thwarted the enemy's intentions. He said that the drone attacks on innocent children and women in the dark of night are deplorable. He commended the Pakistan Army's ability to effectively address the prevailing challenges. Sardar Saleem Haider Khan said that he stands with every soldier of the Pakistan Army. He said that India's cowardly attacks cannot demoralise the nation. He expressed deep sorrow and regret over the martyrdom of a civilian in the Jabi area of Fatah Jang in the drone attack. He also prayed for the speedy recovery of those injured in the drone attacks. Copyright Business Recorder, 2025
Express Tribune
12-04-2025
- Entertainment
- Express Tribune
Tourism road show highlights Pakistan-Uzbekistan friendship
A troupe from Uzbekistan mesmerises the Karachi audience with their vibrant performances, showcasing traditional moves and colourful costumes at the Uzbekistan Tourism Road Show. PHOTO: EXPRESS The Uzbekistan Embassy and the Uzbekistan Tourism Committee organized the Uzbekistan Tourism Road Show in Pakistan. The event was held at a local hotel in the city, showcasing Uzbekistan's historical sites, cultural heritage, and traditions. Uzbekistani artists also performed dances, captivating the audience. Advisor to Sindh Governor Kamran Tessori, Tariq Mustafa, attended as the special guest, and stated that promoting tourism in Pakistan highlights the country's, particularly Karachi's, positive image.
Express Tribune
09-04-2025
- Business
- Express Tribune
UAE to issue five-year visas to 100,000 Pakistanis
Listen to article The United Arab Emirates (UAE) will issue five-year visas to 100,000 Pakistani citizens, UAE Ambassador Hamad Obaid Al-Zaabi announced Wednesday during a meeting with Sindh Governor Kamran Tessori, Express News reported. The ambassador assured that applicants would receive a 'red carpet' welcome and respectful treatment at visa centres. 'We will honour the applicants and provide full cooperation at the visa centre,' said Ambassador Al-Zaabi, adding that the UAE looks forward to strengthening ties with Pakistan through this initiative. Earlier in the day, Governor Sindh Kamran Tessori was warmly received at the UAE Consulate in Karachi. He toured the visa centre, where the ambassador briefed him on the facilities and operations. Speaking to media after the visit, Governor Sindh expressed gratitude for the hospitality shown by the UAE officials. 'I was welcomed on a red carpet — a gesture of their affection,' he said. He also thanked the UAE government for the services and support provided at the consulate's visa centre and noted the UAE's active interest in the Special Investment Facilitation Council (SIFC) initiative. A day earlier, UAE Ambassador Hamad Obaid Al Zaabi during a meeting with Governor Sindh Kamran Tessori announced that Pakistani citizens can now apply for five-year visas to the United Arab Emirates. The announcement follows confirmation from the UAE authorities that no visa ban exists for Pakistani nationals. According to the Ministry of Foreign Affairs, the UAE's new five-year visa policy requires applicants to submit return tickets, hotel reservations, proof of property ownership if applicable, and a deposit of AED3,000.
