"Preparing for privatization: lessons from Pakistan" by Dr. Ishrat Husain
 

Faculty / School

Faculty of Business Administration (FBA)

Was this content written or created while at IBA?

Yes

Document Type

Book Chapter

Publication Date

2004

Author Affiliation

  • Dr. Ishrat Husain is Dean and Director of the Institute of Business Administration, Karachi.

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.

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Business Commons

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