The fit and proper criterion determined by SBP allows for inclusion of all school of thoughts and also includes scholars that have experience and qualification of international level. These Shariah scholars are chosen by the banks, approved by SBP and appointed by the banks to over see their Islamic banking operations.
If spending is allowed to increase on a structural basis, but higher revenues turn out to be transitory, the budgetary position starts to deteriorate as soon as economic conditions turn nasty. This was exactly the mistake made by some countries in the beginning of this decade. Let’s not repeat that mistake.