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Document Type

Conference Paper

Publication Date

5-27-2005

Conference Name

Address delivered at the Malaysia – Pakistan Business Forum

Conference Location

Kuala-Lumpur

Conference Dates

May 27th 2005

Series

Faculty Research - Book Chapters and Conference Papers

First Page

1

Last Page

4

Keywords

Economy, Regional economy, Economic cooperation, Malaysia, Pakistan, Bank Negara Malaysia

Abstract / Description

I am delighted to be here at the First Malaysia – Pakistan Business Forum to share my thoughts with this august gathering of distinguished businessmen from both the countries. I am a great admirer of Malaysia and have watched its successful transition from a poor country to a middle income country in only three decades with great pride and satisfaction. Malaysia has demonstrated that it can manage this transition and create a harmonious society, a thriving economy and alleviate poverty all within one generation. This is a remarkable achievement. We have to emulate Malaysia’s example and have a lot to learn from this experience. I have also some very pleasant first hand experiences working with Malaysia. When President Musharraf asked me to become the Governor of Pakistan’s Central Bank I looked around for a role model among the Central Banks in developing world against which I could benchmark Pakistan. I found Bank Negara Malaysia (BNM) to be such a role model and entered into a twining arrangement with BNM for capacity building of the State Bank of Pakistan. I am very grateful to Governor Zeti Akhtar Aziz and her colleagues at BNM for their full support and assistance in this effort. This partnership has produced results and with grace of Allah, State Bank of Pakistan is today counted among one of the most progressive and modern banks in the region.

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