PhHOTO: FILE
Senate has approved a constitutional amendment aimed at ending the country’s interest-based financial system by 2028 as part of the 26th Amendment.
The amendment, proposed by Senator Kamran Murtaza of the Jamiat Ulema-e-Islam (JUI), received overwhelming support in the Senate.
It mandates the complete elimination of the interest-based system by 1 January 2028. The amendment modifies Article 38(f) of the Constitution to call for the swift eradication of the interest-based economy "as soon as possible."
The government's backing led to the passage of the amendment with 65 senators voting in favour, and no opposition.
1732622842-0/Express-Tribune-(9)1732622842-0-270x192.webp "pakistan belarus to set up jvs in auto agri sectors")
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ