The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
Dr. Ishrat Hussain, Governor of SBP, said: "While the banking industry in Pakistan has immensely flourished in the past five years, it has also been one of the core objectives of my governance to promote Islamic Banking in Pakistan. Through the advent of Dubai Islamic Bank, which happens to be one of the most profitable and successful ventures in Islamic Banking, I am sure the foundations of this industry would further be bolstered."
Arif Koohegi, DIB's Executive Vice President of Investment and Corporate Banking, said: "DIB has the unique distinction of being the world's first full-fledged Islamic bank, a pioneering institution that has combined the best of traditional Islamic values with the technology and innovation that characterize the best of modern banking.
As part of our global expansion plans, along with observation of the economic stability and growth of banking sector in Pakistan, we will be creating a centre of excellence in Pakistan for products and professionals in the field of Islamic Banking; taking both on global horizons with us."
Saad Zaman, CEO DIB Pakistan Limited said: "We aim to offer state-of-the-art Islamic banking solutions, with world class products and services."
The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
Dubai Police have asked drivers to be extra cautious
The former all-rounder has returned to cricket during the past year after a horrific car crash at the end of 2022
Dubai Police have asked drivers to be extra cautious
The country has set a new Guinness World Record by creating the largest falcon hood, beating the previous record of 1.65 metres
Hamas' health ministry said that 94,616 people have been wounded since the conflict began on October 7
In most Islamic countries, including the Gulf countries, the Prophet's birthday is observed on 12 Rabi’ Al-Awwal 1444
Traffic will be diverted to the opposite side during this period