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You are here: Home»Pakistan»Banking & Finance»SBP advice to IBIs on launching of new products

SBpKARACHI: The State Bank of Pakistan (SBP) has advised the Islamic Banking Institutions (IBIs) to submit to its Islamic Banking Department (IBD) the salient features, product structure, process flow and underlying agreement(s) of the products and services along with certificate from their Shariah Advisers at least 30 days before the proposed launch of new products and/or services.

 

This was stated in IBD Circular Letter No. 02 issued on Friday, says SBP statement issued here.

 

Copyright APP (Associated Press of Pakistan), 2013


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln