MULTAN (February 01 2008): Bank of Punjab (BoP) President Hamaish Khan has said that BoP would soon introduce 'Islamic banking' in Punjab to facilitate the customers while it had provided financing of Rs 15 billion in southern Punjab through its 64 branches in this zone.

Delivering his speech at the Multan Chamber of Commerce and Industry (MCCI), chaired by its President and caretaker Punjab Industry Minister Khawaja Muhammad Jalaluddin Roomi, the BoP president assured that his bank would provide funds on top-priority basis for women entrepreneurs for investment in new project, expanding business, exporters, marketing on modern lines.

He said that Southern Punjab is a very important region with the reference of balance sheet and it would introduce unique schemes for this zone and it had established a separate desk in Multan and it was providing loans on 30:70 parity system. Talking about curtailing the mark-up rate, Hamaish Khan said it would be decided on case to case basis and it would set its next financing policy in the light of recommendations, proposals of MCCI.

Regional Chief Naeem-ul-Hassan Sahu, Aurangzeb Alamgir, Mian Iqbal Hassan, chairman of Multan Industrial Estate Management Board, Anis Ahmed Shaikh, former president of MCCI, Khawaja Muhammad Azam, Malik Khalid Ahmed Khokhar, and Khawaja Muhammad Yousaf also spoke on the occasion