:London :Dubai :Kuala Lumpur :New York
  FOLLOW US  
Sign in   |   Register

Events

image Introduction to Risk Management in Islamic Banking – Basel II Compliance.
Event date: - 2012-12-07
   
image 12th Annual Islamic Finance Summit
Event date: - 2013-02-26
   
image The 3rd PPP MENA Conference
Event date: - 2013-03-17
   
image Islamic Finance Forum Europe
Event date: - 2013-05-28
   
  More Events    Add Event

Search

Enter your keyword  

Follow Us





News by Topics

Malaysian financial institutions have been invited to explore expansion opportunities in Pakistan, particularly in Islamic banking.

Pakistan's high commissioner to Malaysia, Masood Khalid said that the invitation to do so was made by the country's Prime Minister, Yusuf Raza Gilani, when he met his Malaysian counterpart, Datuk Seri Najib Tun Razak at the Commonwealth Heads of Government meeting in Perth last year.

"They discussed then, the possibility of cooperation in the banking sector. Of course, Islamic finance, Takaful and other such areas, are of great interest to us.

Masood: ‘Maybank is already there and bought a substantial stake in a Pakistani bank. I hope leading banks like CIMB will explore the possibility.’

"Our Prime Minister invited Malaysian banks to open branches in Pakistan. Maybank is already there and bought a substantial stake in a Pakistani bank."I hope leading banks like CIMB will explore the possibility," he told Bernama.

Masood expects Bank Negara Governor, Tan Sri Dr Zeti Akhtar Aziz to have a discussion on how Malaysian financial institutions could expand their operations to Pakistan, when she meets with the governor of the State Bank of Pakistan, Yaseen Anwar, in the near future.

Apart from banking, the business community is also being urged to explore, further cooperation to optimise the free trade agreement (FTA) between Malaysia and Pakistan, which came into force on January 1, 2008."The utilisation of the FTA is still not optimal. There are many areas that we can explore further cooperation.

"The business community must know what is available in the markets of the two countries," Masood said."We would like to see more investments from Malaysia as well as joint ventures. There are many areas that can be further explored and I can say that, the sky is the limit," he added.

He said major areas that provided opportunities included construction, surgical goods, energy, oil and gas, halal products, gemstones, pharmaceutical, textiles, leather products and rice.

He said several airports in Pakistan, excluding those in Lahore and Islamabad, would also be upgraded in phases."We will also be upgrading roads. We have discussed this with Datuk Seri S.Samy Vellu, who was in Pakistan recently, in his capacity as Malaysia's Special Enjoy to India and SouthEast Asia on investments.

He said many Malaysian construction companies were already in Pakistan, and involved in the construction of roads, houses, golf courses, hospitals and airports."The issue is for Malaysian companies to pursue further initiatives, even as they are being invited to do so," he added.

Masood said that Pakistan, the fourth largest producer of milk in the world, needed enhanced technology and expertise to preserve the product and make by-products.

"We also have more than 50 semi-precious stones and gems. Malaysian businessmen do not know that this is another area of great potential," he added.

Share |

 

starting your own business with B&F Switching to B and f services

News

image How credit risk is associated with key macroeconom ...
2013-11-11
Recently published article by Hamid A.H. Al-Wesabi & Nor Hayati Ahmad from University Utara Malaysia is answering the qu ...
image London can lead world as an Islamic Finance hub ...
2013-10-29
Financial Time published the following article from George Osborne (UK chancellor of the exchequer) regarding this week ...
image The world bank will open its first centre on Islam ...
2013-10-28
The world bank will open its first centre on Islamic Finance at Borsa Istanbul premises, the exchange market said Monda ...
image Busy November for Islamic Finance ...
2013-10-25
Islamic Finance Calendar for November 2013: 1. The 9th World Islamic Economic Forum held in:London Date: MONDAY, NOV 4 ...
image Family Farming: The Key to Alleviating Hunger and ...
2013-08-09
After decades of failed attempts to eradicate hunger, development agencies, internation ...

Share |

Company Recomendation of the week
Hyde Park Executive Meetings   
Hyde Park Executive is situated in the West End of London, the area is home to major corporate headquarters, real estate businesses, hedge funds, wealth managers and embassy offices in the neighbourhood of Mayfair, Oxford Street, Park Lane, and Knightsbridge. Our meeting rooms are based on 12th floor and all benefit from having natural daylight – after all nobody wants to be stuck in a windowless box all day.Our service is all about flexibility and this extends to our booking options. It could be a one-hour catch-up in a meeting zone, half-day, 24-hours or an entirely bespoke package. For an informal meeting, you’re welcome to catch-up with a coffee in reception or over lunch in our stunning Dubai room. www.hydeparkexecutive.com


Current issue

''The principle of Islamic Finance is about transparency, ethics and fairness, as well as promotin ...
Read More ..
main cover islamic

Subscribe

Subscribe Digital

  Current Issue     Trial Version     Digital     Archive  







Click to launch the full edition in a new window
Online Publishing from YUDU

Latest Books

image Islamic Branding and Marketing: Creating a Global Islamic Business
Author/Publisher: - Dr. Paul Temporal
   
image Understanding Islamic Banking: The Value Proposition That Transcends Cultures
Author/Publisher: - Joseph A. DiVanna
   
image Critical Issues on Islamic Banking and Financial Markets: Islamic Economics, Banking and Finance, Investments, Takaful and Financial Planning
Author/Publisher: - Saiful Azhar Rosly
   
image Product Development in Islamic Banks (Edinburgh Guides to Islamic Finance)
Author/Publisher: - Habib Ahmed
   
image Frequently Asked Questions in Islamic Finance (The Wiley Finance Series)
Author/Publisher: - Brian Kettell
   
  Buy Now      More Books  

QUOTE of the week

 Islamic finance is becoming an integral part of the global finance industry and has taken its roots in almost all of the Muslim countries but has also been under discussion and penetration in selective Western and Far Eastern jurisdictions

Moinuddin Malim, CEO, Mashreq Al Islami


GCB    Business Media Group - the Publisher    B&F Services Ltd.