To date, SBP has approved licenses for six microfinance banks 4 but these banks have only recently been operationalized so their impact has yet to emerge. Islamic banking is gaining a foothold in Pakistan as SBP has issued licenses to six Islamic banks and allowed a number of conventional banks to offer Islamic window.
It would be very strange if we were already talking about stopping.” Critics argue that the ECB is creating bubbles in asset markets because all markets are being driven up by the large-scale purchase programme (known as quantitative easing). But the Portugese central banker is not afraid of that.