Business

Islamic Index launched at KSE

KARACHI: Finance Minister Ishaq Dar has said that those who were forecasting bankruptcy of Pakistan have been buried with their grim prophesies.

Ishaq Dar was speaking at the launching of All Shares Islamic Index at Karachi Stock Exchange (KSE) on Wednesday.

Ishaq Dar said that the government is focusing on promotion of Islamic Banking in the country.

The Finance Minister said that Islamic Index would have positive impact on the stock market.

He said 225 companies have been listed in the Islamic Index. Now the business of shares can be carried out according to the principles of Sharia.

Finance minister said that the introduction of Islamic bonds in the stock market will attract more investment.

He said there are numerous opportunities of investment in Islamic Banking in Pakistan.

Dar said that foreign investors are taking interest in investing in Pakistan due to prudent policies being pursued by the government.

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