Finance Minister Senator Mohammad Ishaq Dar further expressed commitment of the Government to promote Islamic finance and eliminate interest based system in Pakistan in true spirit and achieve its goal of transformation within the timeframe of five years. He expressed hope that the decisions of this meeting would be beneficial for the proliferation of Islamic financing system in the country. He stressed all the stakeholders to work with commitment, sincerity and understanding to overcome all the hurdles in way of implementation of interest free system and making the system feasible and stronger that all citizens would aspire for it, as already 21 per cent of banks enjoy Islamic banking system.
Chowdhury, S., Mollik, A. & Akhter, M. (2006). Does predicted macroeconomic volatility influence stock market volatility? Evidence from Bangladesh capital market. Department of finance and banking working paper, 1-15.
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