23.09.2011 - Pakistan: SBP urges Islamic banks to diversify investment portfolios
The State Bank of Pakistan (SBP) has stressed upon the Islamic banks to diversify their investment portfolios by enhancing financing to Small and Medium Enterprises (SMEs), agriculture, housing finance and microfinance sectors of the economy. Addressing as the chief guest at a two-day first World Islamic Finance Summit 2011 on Wednesday, SBP Deputy Governor Muhammad Kamran Shahzad said that Islamic banks cannot only increase their depth and breadth, but also contribute to higher financial inclusion levels in the country by targeting these underserved sectors of the economy..............................................Full Article: Source
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