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PESHAWAR, Feb 19 (APP):Chief Minister Khyber Pakhtunkhwa, Ali Amin Khan Gandapur, has launched Islamic banking here at the Bank of Khyber. By December 2026, the Bank of Khyber will be fully converted to Islamic banking.
In this regard, a ceremony was held on Wednesday at the Bank of Khyber Headquarters in Peshawar, where Chief Minister Ali Amin Khan Gandapur attended as the chief guest.
Advisor to Chief Minister for Finance Muzammil Aslam, Additional Chief Secretary for Planning and Development, Ikramullah Khan, Secretary Finance, Aamir Sultan Tareen, and others were also present at the event.
During the ceremony, a new service called “KorPay” was also launched to facilitate overseas Pakistanis in sending remittances through the Bank of Khyber. Additionally, TV commercials were introduced for branding the bank’s services.
Addressing the event, the Chief Minister congratulated the BoK’s administration on the launch of Islamic banking and stated, “I am extremely pleased that the Bank of Khyber is transitioning towards Islamic banking. This bank is an important institution of the province, gaining recognition and making progress.”
He further added that the introduction of new initiatives at the bank would provide improved services to the public.