So as to help creating nations adapt to worldwide money related difficulties, Prime Minister’s Adviser on Finance and Revenue Dr. Abdul Hafeez Shaikh has underlined the capability of Islamic Finance.
Tending to a universal meeting on Islamic Economics and Finance in Istanbul through a video interface on Sunday, Hafeez said Islamic banking is developing at a quick pace in Pakistan.
He said the worldwide Islamic Finance industry is worth $2.4 trillion and there are 1,400 Islamic Finance foundations in 60 nations.
In Pakistan, the development of Islamic Finance concurs with worldwide development in the segment.
Dr. Abdul Hafeez Shaikh said that the coronavirus has inundated the entire world and worldwide GDP is going to decrease by 3 to 4 percent. In Pakistan, the GDP is enduring a shot of around 3 percent. He said the nation’s fares and settlements have been unfavorably influenced, and producing and different parts are additionally stung.
The consultant said the legislature set up a crown help finance and moved money to 16 million defenseless families to give them support in this troublesome time.
Dr. Hafeez Shaikh said Pakistan and Turkey appreciate friendly relations, including:
These relations spread legislative issues, exchange, trade, and connection of our kin towards one another. We are attempting to elevate the business to business relations and electrify our economies to additionally fortify respective relations.
The Adviser on Finance communicated certainty that aptitude partook in this discussion will profit the tremendous capability of Islamic Finance to animate financial development.
