KARACHI: Federal Minister for Finance, Revenue, Statistics, Economic Affairs and Privatisation, Senator Mohammad Ishaq Dar Wednesday said that the economy has shown resilience and results have appeared earlier than our expectations.
He said that the global environment has turned in favour of the Islamic banking during the last two years.
The Federal Minister said this while addressing a meeting of the Steering Committee for the Promotion of Islamic Banking in Pakistan.
He said that the thinking of Pakistan about implementation of Islamic Banking system has now gelled with the global environment.
We are also getting support due to changing global trend with regard to the Islamic Banking as they are doing it for the commercial reasons while we also intend to do it from our religion point of view, he added.
Earlier, Chairman of the Steering Committee for the Promotion of Islamic Banking in Pakistan, Deputy Governor State Bank of Pakistan Saeed Ahmed presented an interim progress report of the committee.
He also briefed the participants of the meeting about the progress, performance, achievements and proposals of the Committee.
Saeed Ahmed also called for implementation of the proposals of the Committee by the regulatory authorities and the provincial governments.
The Federal Finance Minister highly appreciated the efforts of the Committee and assured full support on behalf of the Ministry of Finance.