Zafar Masud talks about reducing cash in circulation, Pakistan’s economy, and why fiscal deficits are the core problem that need resolution.
Posts
Transitioning Away from a Cash Economy
As the global economy graduates towards digital payments and digital currency platforms, Pakistan is moving in the opposite direction with rising demand for cash.
Mr. Zafar Masud on $7 Billion IMF Deal – 10/2024
Zafar Masud Recent Comments $7 Billion IMF Deal – With the effective execution of the homegrown plan, the Government of Pakistan will pave the way for a resilient economic future. PBA stands ready to continue to support the Government in its efforts towards achieving sustainable economic stability and driving rapid progress.
Spectacular Google Cloud Startup Competition Pakistan 2024 — Closing Speech
The Bank of Punjab (BOP) and Google Cloud concluded the Startup Competition Pakistan 2024.
We celebrated five winning startups from 700 submissions. This event underscores BOP’s commitment to innovation and Pakistan’s growing presence in the global startup scene.
Watch the glimpse of the event
Recent Inflationary Episode and the response of different countries — IPRI Policy Brief Pt 6
Previous: Fiscal Stance of Government in Recent Inflationary Episode — IPRI Policy Brief Pt 5Recent Inflationary Episode and the response of different coun ...
Fiscal Stance of Government in Recent Inflationary Episode — IPRI Policy Brief Pt 5
Previous: Monetary Policy amid Post-COVID Inflation — IPRI Policy Brief Pt 4Fiscal Stance of Government in Recent Inflationary EpisodeThe fiscal side o ...
Finance Minister Muhammad Aurangzeb Meets Mr. Zafar Masud
Finance Minister Muhammad Aurangzeb visited the Pakistan Banks’ Association and met with the Presidents & CEOs of the banking sector. The Chairman, PBA, Mr. Zafar Masud provided an update on the progress of initiatives aimed at boosting the three key sectors of Agriculture, Small and Medium Enterprises (SMEs), and Digital & Technology in Pakistan.
Challenge to the ‘moral economy’
Mr. Zafar Masud (Chairman – Pakistan Banks Association and President & CEO – BOP) and Mr. Sultan Ali Allana (Chairman – HBL) emphasize the importance of the ‘moral economy,’ where societal norms influence economic behavior. Aligning economic practices with ethical standards is essential for improving Pakistan’s socioeconomic landscape.
Mr. Zafar Masud on Geo News Great Debate Suggest Urgent Steps to Revive Pakistan’s Economy
Mr. Zafar Masud on Geo News Great Debate who is the Chairman of the Banks Association, argued that there are Rs3.5 trillion leakages in tax collection. He suggested that subsidies should be eliminated to improve the economy. He also said that criticism that banks don’t focus on the private sector is right. Banks fund 95% of the fiscal deficit. He argued that tax collection would be easier if the supply chain is digitized.
Zafar Masud with Shahzeb Khanzada on Great Debate Geo News — Part 3 — Data is the “New Gold”
In a recent episode of Geo TV’s Great Debate program, a heated discussion arose between Mr. Zafar Masud with Shahzeb Khanzada, regarding data access and financial inclusion.
Zafar Masud with Shahzeb Khanzada on Great Debate Geo News — Part 2 — Banks and Investments
Zafar Masud with Shahzeb Khanzada on Geo News’ Great Debate show tackled how to fix Pakistan’s economy. They discussed broadening taxes, investing in education and healthcare, and getting banks to lend at lower rates. Learning from other countries and embracing digitization were also mentioned as ways to move forward.
Join Zafar Masud at the Exciting Agri Connections 2024
Join us at Agri Connections 2024 for the ZarZaraat Agri Startup Pitches Competition, sponsored by The Bank of Punjab. Get insights from industry leaders like Mr. Hadi Rizvi, Chairman of Pakistan Agricultural Coalition, and Syed Yawar Ali, Chairman of Nestle Pakistan. Don’t miss out on the pitches from the top 3 finalists and engage in investor’s questions. Plus, an insightful address by Mr. Zafar Masud, President & CEO of The Bank of Punjab.