Zafar Masud, President & CEO of The Bank of Punjab, and Chairman of the Pakistan Banks’ Association, shares his thoughts on the MDR policy and savings in Pakistan.
“The larger logic behind implementing MDR was that we should promote a trend for savings in our country. If you look at our savings rates since 2008, but if you look at our savings rates have gone drastically down which means that this regulation is not working.”
Source/Credit: VCAST Online
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