Staff Report
ISLAMABAD: Pakistan’s President Dr Arif Alvi, gave assent to the Islamabad Capital Territory Prohibition of Interest on Private Loans Bill, 2022.
According to the bill, a ban was imposed on privately lending money on interest and interest-based transactions.
Interest based transactions in Pakistan
The president also approved the Public Procurement Regularity Authority Ordinance Amendment Bill 2022.
The president approved the bill under article 75 of the constitution.