On the show ‘Great Debate’ on Geo TV, Zafar Masud with Shahzeb Khanzada on Great Debate Geo News argues that Pakistan’s current account deficit is a symptom of a larger problem – the fiscal deficit. He emphasizes that tackling the government’s spending imbalance is crucial. He also highlights the high domestic consumption that eats into potential export earnings. While acknowledging the need to boost exports, Masud suggests a multi-pronged approach. He advocates for performance-based incentives in key sectors like IT, agriculture, and textiles, alongside addressing the core issue of fiscal discipline. This will diversify exports and create a more sustainable economic foundation.
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Zafar Masud says IMF Programs are designed for stabilization, not for growth
A recent analysis of Pakistan’s economic situation written by Nasir Jamal and published in Dawn News discusses the country’s reliance on IMF programs bailouts and the need for domestic reforms. In the article Mr. Nasir quotes Mr. Zafar Masud, president and CEO of the Bank of Punjab, Finance Minister Muhammad Aurangzeb, Aisha Ghaus Pasha, former state minister for finance, Ahmed Kamal, one of the top textile and clothing exporters, and Prime Minister Shehbaz Sharif.
Fix Fiscal Account to Tame Inflation
Contrary to the belief that inflationary pressures can be addressed through monetary policy alone, the role of fiscal account policy in managing inflation is being increasingly discussed. Global inflation has remained stubborn, despite unprecedented action by central banks, leading to a debate on the underlying causes of inflation and the effectiveness of conventional tools to tackle it. I believe fiscal policy is the main driver of inflation in Pakistan. Addressing the structural deficits in fiscal policy is critical for inflation to come down.
Mr. Zafar Masud at Pakistan Leadership Conversation 2024 Takes the Keynote Speaker Stage
A thought-provoking session at Pakistan Leadership Conversation 2024. Mr. Zafar Masud, President & CEO of BOP, takes the stage as the keynote speaker. He will delve into “Integrative thinking: the guide to becoming a value-adding CFO,” sharing insights and perspectives that promise to be enlightening.
Zafar Masud with Naeem Sikandar Podcast
Mr. Zafar Masud in a Podcast with Naeem Sikandar (NSP) discusses solutions to transform Pakistan’s economy.
Zafar Masud Highlights the Possibility and Effectiveness of Debt Rescheduling — Dunya Kamran Khan Kay Saath
Zafar Masud Kamran Khan Kay Saath highlights the possibility and effectiveness of debt rescheduling. while speaking at a special series of Dunya News
Zafar Masud on the Impact of Debts on the Geostrategic Matters — Dunya Kamran Khan Kay Saath
Zafar Masud Kamran Khan Kay Saath sheds light on the impact of debts on the geostrategic matters of the country and how these impacts can be tackled while speaking at a special series of Dunya News
Zafar Masud on Sustainable Development and Solutions — Dunya Kamran Khan Kay Saath
Zafar Masud Kamran Khan Kay Saath shares his expert opinion and insights on sustainable development and solutions required for the economic problems in a special series of during a special series of Dunya News
Zafar Masud about the Rapid Increase in Pakistan’s debt — Dunya Kamran Khan Kay Saath
Zafar Masud Kamran Khan Kay Saath answers questions about the rapid increase in Pakistan’s debt during a special series of Dunya News
Correlation Between Debt Restructuring and Banking Crises
An extremely telling depiction about debt restructuring and banking crises in the attached graph
Zafar Masud on Pakistan’s Leaky Fiscal Space
The CEO and President, The Bank of Punjab, Zafar Masud, shares his thoughts on Pakistan’s leaky fiscal space , and the urgent need to reprioritize our allocation of subsidies.
IFIs at a Crossroads
In October, as the world’s attention turns toward Morocco for the Annual Meetings of the World Bank Group and the International Monetary Fund (IMF), it is an historic moment to contemplate the legacy of these two leading global lending institutions.