How can the Islamization of the economy affect this future direction of Pakistan economy and improve the welfare of its people compared to the present system? The extensions that the true practice and application of Islamic economic model can bring about will, in fact, help in overcoming the weaknesses inherent in the capitalist model of economy.
I will speak to the main thrusts of the reform agenda and the work underway and ahead of us to implement its directions. But before I do so I would like to say a few words about changes to the role that the Financial Stability Board (FSB) will play in future.