CII de­nounces...

Pakistan Observer - - IN­TER­NA­TIONAL -

The mem­bers of the CII said that there is a room of im­prove­ment in the ex­ist­ing Is­lamic Bank­ing.

It also ex­pressed reser­va­tions over the cur­rent pa­per cur­rency sys­tem.

CII Chair­man Maulana Sherani while chair­ing the con­fer­ence on Tues­day had said that the econ­omy, in the past, was based on sil­ver and gold coins.

“We must bring back the cir­cu­la­tion of gold and sil­ver,” he said.

The cur­rent sys­tem of econ­omy based on pa­per cur­rency is not durable be­cause there is noth­ing con­crete in pa­per cur­rency, he pointed out.

The CII chief fur­ther said that Is­lamic style of econ­omy was nec­es­sary to re­vive Is­lamic prin­ci­ples.

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