Dar said that the size of Islamic Banking has reached one point six trillion dollars. PHOTO: PID
Meeting with members of the Steering Committee in Islamabad on Thursday‚ Dar urged them to explore ways and means to get a sizeable share in Islamic Banking and also suggest measures to benefit from it.
The finance minister expressed confidence that the committee would come up with its recommendations by January 31, 2014 as per its terms of reference.
Earlier, while addressing at the Integrated Transit Trade Management Conference in Islamabad, Dar stated that it is the government's vision to develop transport corridors that open up new areas‚ facilitate trade and give benefits to maximum people for uplifting their socio-economic condition.
He expressed his views about how goals can be achieved of better connectivity with neighbouring countries and expansion of trade links. The government has announced the initiative of Economic Corridor which aims to build a high quality modern expressway linking Gwadar with Kashgar as a modern equivalent of ancient silk-route.
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First of all Mr Dar probay wants a "share of the pie" of Islamic Banking so please correct your English. Secondly Islamic banking is already doing a thriving business in Pakistan. You could expand it. In UK the Islamic Bank of Britain is very successful. HSBC also provides shariah compliant banking. So there is a lot of room for growth. Go for it :-)
We in London have not forgotten the last bank, run by Pakistanis and funded by middle east ! Does BCCI , sound familiar ? Those memories are still fresh and Europe simply will not entertain any such notions in their turf, as for the rest dream on !