Tag Archives: ‘Seismic shift’ to take interest out of banking sector

ISLAMABAD: After challenging the Federal Shariat Court’s (FSC) decision on the interest-free banking system some four months ago, the government had a major change of heart on Wednesday, saying that it now wants to rid the country of Riba as soon as possible. In a pre-recorded video message, Finance Minister Ishaq Dar announced that the State Bank of Pakistan (SBP) and the …

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