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Summary SBP directs Islamic banks to raise investment in microfinancing, Housing, Agriculture, SME sectors.
State Bank of Pakistan Deputy Governor Kamran Shahzad issues directions to this effect while addressing a two-day World Islamic Finance summit.He said that Islamic banks can not only increase their capacity and spectrum by focusing their attention on departments deprived of monetary services but also play an integral role to expand their monetary services in the country.He said that aforesaid sectors are the main part of the production in the country but Islamic financing in these sectors is dissatisfactory.Kamran also said that there is also lack of investment in current industrial infrastructure. He urged that Islamic banks can enhance their standing by following suggestions enunciated by him.
