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Former SBP governor Ishrat Husain calls Islamic banking ‘economic necessity’

21 1
05.10.2025

KARACHI: A book titled Unconventional — The Bank No One Saw Coming by Sibtain Naqvi on the success story of Meezan Bank was launched at a local hotel here on Friday evening.

Delivering the keynote address, former State Bank of Pakistan (SBP) governor Dr Ishrat Husain commended the author for spending five years on putting together material for the book.

He said it’s an honour and privilege for him to reflect on a journey that not only transformed an institution but has reshaped the contours of Pakistan’s financial landscape.

Sharing the lessons that he’s learned from the bank, he said he’d divided them into three parts: (a) as a model for the banking industry; (b) as a pioneer in Islamic banking; (c) and leadership and human resource development.

Dr Husain, commenting on the first part, said starting from ground zero in 2002, the bank has risen from one of Pakistan’s top financial institutions in a remarkably short span. It has outpaced its competitors, a clear reflection of its........

© Dawn Business