Islamic Banking in Pakistan

State Bank of Pakistan Unveils Strategic Plan for Islamic Banking

On Monday 5th April 2021, State Bank of Pakistan (SBP) has unveiled its third five-year Strategic Plan for the Islamic banking. The plan has set headline targets for Islamic banking to be achieved by 2025. These include: 1) achieving 30% share in both assets and deposits of overall banking, 2) boosting to 35% share in… Continue reading State Bank of Pakistan Unveils Strategic Plan for Islamic Banking

Islamic Banking in Pakistan

Government of Pakistan Committed to support Islamic banking, says, Dr. Shamshad Akhtar

Lately, Interim Finance Minister, Dr. Shamshad Akhtar informed the Senate that the government is committed to promoting both banking industry and regulators of Islamic banking in the country. Speaking before the passage of a resolution, she recalled when she was governor of the State Bank of Pakistan (SBP), she made all-out efforts to promote Islamic… Continue reading Government of Pakistan Committed to support Islamic banking, says, Dr. Shamshad Akhtar