Faculty / School
Faculty of Business Administration (FBA)
Was this content written or created while at IBA?
Yes
Document Type
Book Chapter
Publication Date
2004
Book or Conference Proceedings Title
The future of state-owned financial institutions
ISBN/ISSN
0815713355
Editor(s)
Gerard Caprio,Jonathan Fiechter,Robert E. Litan,Michael Pomerleano [Editors]
First Page
257
Last Page
267
Publisher
Brooking institutions press
Place of Publication
Washington, D.C
Keywords
Finance,Financial institute,State-owned,Financial sector,Privatization,Banking System,Pakistan
Abstract / Description
PAKISTAN'S FINANCIAL SECTOR privatization, which began in the early 1990s
and continues today, offers valuable lessons for policymakers in other emerging economies. Pakistan successfully reduced state ownership in the banking sector from 92 percent of assets in 1990 to 18.6 percent in 2004. The government also pushed through a number of very tough policies dealing with overstaffing, overbranching, and nonperforming loans and managed to attract top managers from international banks to bring an infusion of new skills to the sector. This chapter lays out the hurdles Pakistan faced and the measures taken to privatíze the banking system.
Recommended Citation
Husain, D. (2004). Preparing for privatization: lessons from Pakistan. The future of state-owned financial institutions, 257-267. Retrieved from https://ir.iba.edu.pk/faculty-research-series/145