AGL 40.09 Increased By ▲ 0.09 (0.23%)
AIRLINK 127.00 Decreased By ▼ -0.04 (-0.03%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.47 Decreased By ▼ -0.04 (-0.89%)
DCL 8.60 Increased By ▲ 0.05 (0.58%)
DFML 41.60 Increased By ▲ 0.16 (0.39%)
DGKC 86.60 Decreased By ▼ -0.25 (-0.29%)
FCCL 32.20 Decreased By ▼ -0.08 (-0.25%)
FFBL 64.75 Decreased By ▼ -0.05 (-0.08%)
FFL 10.16 Decreased By ▼ -0.09 (-0.88%)
HUBC 109.48 Decreased By ▼ -0.09 (-0.08%)
HUMNL 14.66 Decreased By ▼ -0.02 (-0.14%)
KEL 5.12 Increased By ▲ 0.07 (1.39%)
KOSM 7.21 Decreased By ▼ -0.25 (-3.35%)
MLCF 41.30 Decreased By ▼ -0.08 (-0.19%)
NBP 59.95 Decreased By ▼ -0.46 (-0.76%)
OGDC 195.00 Increased By ▲ 4.90 (2.58%)
PAEL 28.15 Increased By ▲ 0.32 (1.15%)
PIBTL 7.76 Decreased By ▼ -0.07 (-0.89%)
PPL 151.55 Increased By ▲ 1.49 (0.99%)
PRL 26.50 Decreased By ▼ -0.38 (-1.41%)
PTC 16.00 Decreased By ▼ -0.07 (-0.44%)
SEARL 78.40 Decreased By ▼ -7.60 (-8.84%)
TELE 7.47 Decreased By ▼ -0.24 (-3.11%)
TOMCL 35.47 Increased By ▲ 0.06 (0.17%)
TPLP 8.24 Increased By ▲ 0.12 (1.48%)
TREET 16.00 Decreased By ▼ -0.41 (-2.5%)
TRG 52.80 Decreased By ▼ -0.49 (-0.92%)
UNITY 26.55 Increased By ▲ 0.39 (1.49%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,936 Increased By 52.6 (0.53%)
BR30 30,901 Increased By 300.7 (0.98%)
KSE100 93,844 Increased By 488.3 (0.52%)
KSE30 29,079 Increased By 147.9 (0.51%)

Modaraba sector in Pakistan could be more efficient by development of new products in the Islamic financial market. This was stated by Chairman of Modaraba Association of Pakistan (MAP) Muhammad Shoaib, while speaking at the first meeting of newly elected executive committee of MAP here on Tuesday.
He said that the committee comprised very senior and experienced professionals and he was confident that the new committee would actively contribute towards the promotion of the Modaraba sector by closely working with the Registrar, Modaraba, and members of the MAP.
He said that keeping in view the challenges, faced by the Modaraba sector, "we have emphasised and focused on the four priorities, including research and development of new Islamic financial products, proper marketing of Modaraba models as Islamic financial service provider, liaision with Islamic banks, Takaful companies and Islamic mutual funds and awareness about Islamic finance within the members by organising workshops and seminars."
He appreciated the work done by the previous committee, headed by Basheer A. Chowdry, and said the new committee would definitely follow the road map given by the previous committee for betterment of the Modaraba sector.-PR

Copyright Business Recorder, 2008

Comments

Comments are closed.