30.03.2012 - Pakistan: Islamic banking NPFs soar to Rs 16 bln
Non Performing Financing (NPFs) of Islamic Banking Industry reached level of some Rs 16 billion for the first time, up by 15 percent, end of calendar year 2011 mainly due to slow economic activities. Sources told Business Recorder on Thursday that NPFs of Islamic Banking Industry (IBI) continued to grow during CY11 - the banking industry's financial year - and registered an increase of 15.21 percent...............................................Full Article: Source
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