Finance: Businessmen praise banking sector’s performance
Although Islamic finance is at emerging stage of development in Pakistan, it has experienced rapid expansion.
Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Haroon Agar Islamic financial industry has gained wide acceptance and appreciation.
KARACHI:
Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Haroon Agar has stated that growth and turnaround in Pakistan’s banking sector over the years has been remarkable and unprecedented. Agar was exchanging views with the President and Chief Executive Officer of Burj Bank Limited, Ahmed Khizer Khan.
He stated that today the Islamic financial industry has gained wide acceptance and appreciation and has expanded beyond the traditional borders of Muslim countries into the major industrial economies to become an integral component of the global financial system.
Although Islamic finance is at emerging stage of development in Pakistan, it has experienced rapid expansion and is fast developing as a viable and robust form of financial intermediation with significant potential, Agar added.
Published in The Express Tribune, June 16th, 2013.
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Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Haroon Agar has stated that growth and turnaround in Pakistan’s banking sector over the years has been remarkable and unprecedented. Agar was exchanging views with the President and Chief Executive Officer of Burj Bank Limited, Ahmed Khizer Khan.
He stated that today the Islamic financial industry has gained wide acceptance and appreciation and has expanded beyond the traditional borders of Muslim countries into the major industrial economies to become an integral component of the global financial system.
Although Islamic finance is at emerging stage of development in Pakistan, it has experienced rapid expansion and is fast developing as a viable and robust form of financial intermediation with significant potential, Agar added.
Published in The Express Tribune, June 16th, 2013.
Like Business on Facebook to stay informed and join in the conversation.