| From Dailytimes.com.pk: Governor State Bank of Pakistan Salim Raza has disclosed that the SBP is actively working with the industry and the federal government to develop Shariah compliant short-term securities, which will be issued on regular basis.
Speaking on the occasion of a talk on ‘Current Islamic Banking Paradigm and the Way Forward’ by Dr. Umer Chapra, a renowned international scholar on Islamic Economics and Finance on Wednesday, Raza said the State Bank’s immediate objective is to improve and diversify avenues for short-term liquidity management for the Islamic banking industry...............................................Full Article: Source
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