It would also be befitting to acknowledge the commitment and determination of the Government of Pakistan towards developing conducive infrastructure for growth of Islamic finance industry in the country.
Formation of a high level Steering Committee for Promotion of Islamic Banking in Pakistan followed by formation of Implementation Committee for implementing recommendations of the Steering Committee, issuance of international sukuk after a gap of nine years and allowing tax neutrality for Islamic financial institutions and their customers through Finance Act 2017 are few examples in this regard.