Dar offers support for execution of FSC's decision on judgment on Riba.

ISLAMABAD -- Finance Minister Senator Ishaq Dar on Friday extended full support to every effort towards implementation of the decision of Federal Shariat Court (FSC) on judgment on Riba and Islamic finance system.

The minister was chairing the first meeting of the Steering Committee on the implementation of Federal Shariat Court (FSC)'s judgment on Riba, said a press release issued here.

Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, SAPM on Finance Tariq Bajwa, Governor State Bank of Pakistan (SBP), Secretary Finance, members of the Steering Committee and senior officers from Finance Division and SBP attended the meeting.

Ishaq Dar appreciated the Governor SBP for his sincere efforts in making roadmap for implementation of Islamic financing and interest free system and hoped that the guidance of Governor SBP will lead the implementation of interest free system to its logical destination.

He also expressed satisfaction over the role of SBP and the National Bank of Pakistan (NBP) for withdrawing appeals in the Supreme Court against the judgment of Federal Shariat Court and paving the way for its implementation.

The finance minister further expressed commitment of the government to promote Islamic finance and eliminate interest based system in Pakistan in true spirit and achieve its goal of transformation within the timeframe of...