Islamic banking in Punjab soon in Pakistan

The Bank of Punjab (BoP) President Hamaish Khan has said that the BoP would soon introduce Islamic banking in Punjab province to facilitate the customers while it has provided financing of Rs 15 billion in South Punjab through its 64 branches in this zone.

Delivering his speech at Multan Chamber of Commerce & Industry chaired by Jalaluddin Roomi, President and Caretaker Punjab Minister for Industry, BoP president assured that his bank would provide funding on top-priority basis for women entrepreneurs for investment in new project, expanding business, exporters, marketing on modern lines.

He said that South Punjab was very important region with the reference of balance sheet and it would introduce unique schemes for this zone.

Talking about curtailing the markup rate, Hamaish Khan said that it would be decided on case to case basis and it would set its next financing policy in the light of recommendations, proposals of MCCI.