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- W2575375504 abstract "This study reflects a historical background of Pakistani banking sector since its independence on August 14, 1947 from British rule. It indicates the journey of Pakistani banking sector from the establishment of SBP on July 1, 1948 as central bank. During 1950s and 1960s banking sector got expansion due to development projects. In 1974, banks operating in Pakistan got nationalized and came under the direct control of the Govt. of Pakistan. The Govt. of Pakistan is required to eliminate interest based transactions from the country according to its constitutions (i.e.1956, 1962 and 1973). In 1992, Govt. started privatization process of the financial sector especially banking sector. However, the inception of 21 st century came with Islamic banking practices across the globe to facilitate the different segments of the economy. Islamic banking practices in Pakistan proved a successful experience due to growth and expansion of the banking sector. This study reflects a picture of Pakistani banking sector since its creation. It enables the readers, academician and bankers to have a look about banking developments in Pakistan." @default.
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- W2575375504 date "2010-01-01" @default.
- W2575375504 modified "2023-09-24" @default.
- W2575375504 title "Banking Developments in Pakistan: A Journey from Conventional to Islamic Banking" @default.
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