Dubai Islamic Bank delegation meets finance minister

Islamabad: A four member delegation of Dubai Islamic Bank (DIB) led by its President/CEO, Junaid Ahmad called on Finance Minister, Senator Mohammad Ishaq Dar on Wednesday.

The Finance Minister, Senator Ishaq Dar while talking to Mr. Junaid Ahmad said that the government is committed to increase the Foreign Exchange Reserves of the country to double digits by March and US $16 billion by the end of the current year.

In this connection several International Financial Institutions and International Banks were now approaching the government which is a testimony of the confidence they have in the economic policies of the present government.

The Finance Minister said that the government is keen to promote Islamic Banking in the country and has recently constituted a Steering Committee to fast track the promotion of Islamic Banking. The Finance Minister hoped that the Government of Pakistan and DIB will work closely to achieve the fundamental objective of promoting Islamic Banking besides increasing mutual cooperation to facilitate trade and investment in Pakistan.

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