KARACHI, Feb 11: The State Bank said on Monday that a comprehensive media campaign for promoting inherent strengths of Islamic finance and clearing common apprehensions, confusions and misconceptions about Islamic banking and finance is being launched shortly.

“This campaign is to be led by the Islamic banking industry with the support of SBP,” said the Deputy Governor State Bank Kazi Abdul Muktadir.

In his opening remarks while chairing a meeting for initiating the media awareness campaign to promote Islamic banking, he said that preliminary findings of SBP comprehensive country-wide survey on “Knowledge, Attitude and Practices of Islamic Banking in Pakistan” suggests the dire need for initiating mass awareness campaign to increase public trust and confidence in Islamic banking.

He said that the Islamic banking industry has been expanding at annual growth rate of above 30pc since 2001.

More From This Section

Dar eyes forex reserves at $15bn by end-Sept

Pakistan's forex reserves are currently at $11.67bn after SBP received $2bn on Wednesday through floating of Eurobonds.

Sindh revenue collection jumps by 23pc

Revenue collection in Sindh between July 2013 and March 2014 stood at Rs23.7bn, witnessing an increase of 23 per cent.

Treasury bills losing attraction

Govt failed to mobilise banks for T-bills auction as the bids it received for the auction were less than the set target.

Punjab textile units start downsizing

Several textile units have incurred losses due to short gas supply, long power cuts, appreciating rupee against US$.

Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Front Page