Pakistan says Islamic banking won't hit accords

- Central Banking staff
- 12 Feb 2001

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Military ruler General Pervez Musharraf said on Feb. 12, 2001 that Pakistan's plans to introduce interest-free Islamic banking would not affect the country's international financial dealings and accords.A government statement quoted him as giving the assurance in a speech to a fiscal conference in Islamabad while naming a new committee to study how to implement a Supreme Court ruling to abolish interest, or "riba", from banking by June 30, 2001. A Supreme Court ruling in December 1999 called

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