Newsroom

Kuwait puts $100m on the line to launch Raqami Bank in Pakistan

Raqami Bank, backed by the Kuwait Investment Authority, is set to launch in Pakistan with a planned $100 million investment, positioning itself as the country’s first fully Shariah-compliant digital retail bank under the State Bank of Pakistan’s new digital banking framework.

Expected to begin commercial operations in February 2026, Raqami aims to build a mobile-first, full-service Islamic bank serving retail customers and SMEs, with a target of reaching one million users within three years. — RAQAMI
Seven European allies have issued a joint statement backing Denmark and Greenland while warning that US tariff threats risk damaging transatlantic unity and Arctic security. — FILE/THE THURSDAY TIMES
Pakistan has confirmed that any decision on joining the proposed Gaza Peace Board will be made through Parliament while signalling readiness to contribute constructively to peace and humanitarian relief in Gaza. — FILE/THE THURSDAY TIMES
The United States has invited Pakistan to join a proposed Gaza Peace Board under Donald Trump’s post-war plan, signalling Islamabad’s growing role in humanitarian and political diplomacy. — FILE
US and Pakistan have concluded their latest joint military exercise, reinforcing defence cooperation focused on counterterrorism and regional security. — FILE
The European Union is preparing to suspend a trade agreement with the United States in response to renewed tariff threats, raising fresh doubts over the stability of transatlantic economic ties. — FILE/THE THURSDAY TIMES
The United States and Pakistan have completed a joint counterterrorism training exercise, signalling sustained military cooperation despite shifting regional geopolitics. — FILE
US President Donald Trump has backed Iran’s protest movement, saying the country is “looking at freedom” as unrest spreads despite a deadly crackdown and internet blackout. — FILE/THE WHITE HOUSE
India’s stock market extended its losing streak as global uncertainty and Trump-backed sanctions targeting Russian oil buyers unsettled investors. — FILE/THE THURSDAY TIMES
Pakistan’s military says terrorism remains the country’s gravest threat, claims major gains in 2025, and warns of a decisive response to any cross-border aggression. — FILE/THE THURSDAY TIMES
Published by Thursday Media International thursday.media