KARACHI: Islamic Development Bank (IDB) a multilateral development financing institution owned by 56 member countries is increasing its financing operations by 15 percent per annum. Treasurer of IDB, Mohammad Tariq at a meeting organised by Dawood Islamic Bank Ltd, in which Islamic Corporation for the Development (ICD) of the private sector, affiliate of the IDB, is a founder shareholder highlighted IDB’s help and support to Pakistan and its future plans. He said Islamic financing is growing at a pace of 15 to 20 percent and DIBL has positioned itself prudently to benefit from this growth. He mentioned the initiatives taken by IDB to help promote Islamic finance and its role in the new global financial architecture. staff report