Which Pakistani institution is responsible for regulating microfinance banks and Islamic banking standards?
A
State Bank of Pakistan
B
SECP
C
NEPRA
D
FBR
Correct Answer: Option A — State Bank of Pakistan
Explanation:
The State Bank of Pakistan regulates microfinance institutions and sets Islamic banking standards alongside its core responsibilities over m...
The State Bank of Pakistan regulates microfinance institutions and sets Islamic banking standards alongside its core responsibilities over monetary policy and overall financial sector stability.