Pak-Qatar group to set up Islamic bank

[LahoreEstate]

KARACHI: Chairman Board of Director Pak-Qatar Family and General Takaful and member of the Supreme Council of the Royal Family of the State of Qatar Sheikh Ali Bin Abdullah Thani Al-Thani has applied to set up an Islamic bank in Pakistan. He revealed this in a meeting with Prime Minister Syed Yousuf Raza Gilani at PM House on Friday. He said he hoped that due formalities for it would be completed soon.

He also donated Rs 10 million to the government of Pakistan for the victims of Swat operation. In addition, all the employees of PQFTL have also donated one-day salary to the IDPs. He also visited the branch office of Pak-Qatar Family & General Takaful Limited in Islamabad and expressed his satisfaction over the presence of Pak-Qatar offices in nine major cities of the country. He expressed his hope of expanding Islamic insurance operations of his company in Pakistan and said that he would urge other Qatari business leaders to follow suit by investing in Pakistan. staff report


http://www.dailytimes.com.pk/default.asp...2009_pg5_2