Which Central Bank Won the IFN global award 2021 for promoting Islamic Finance across the World ?
Correct answer: A. State Bank of Pakistan
- A. State Bank of Pakistan
- B. Bank Negara Malaysia
- C. Saudi Central Bank
- D. None of these
Explanation
The State Bank of Pakistan won the IFN Global Award 2021 for promoting Islamic finance. The award recognised Pakistan’s central bank rather than Malaysia’s or Saudi Arabia’s central bank.
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About Economy and Budget
Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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