The State Bank of Pakistan (SBP) in collaboration with the Islamic Financial Services Board (IFSB) is holding a three-day conference on “Capital Adequacy” and “Transparency and Market Discipline” from tomorrow at SBP Learning Resource Centre, Karachi.

It is a part of IFSB and SBP initiatives to facilitate the implementation of IFSB prudential standards. It will elaborate upon the issued standards and would explore the ways and means to effectively implement them in the country.

The IFSB, which is currently headed by SBP Governor, Dr Shamshad Akhtar, is an international standard setting organization that aims at promoting and enhancing the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for Pakistan. staff report