Streaming Media

Media Type

Keynote Address

Publication Date

12-11-2002

Description

I would like to dwell on the rationale for the Central bank of the country to organize a Conference on Housing Finance and bring together all the various stakeholders involved in the housing and construction industry. First, the broad-based financial system reforms which involve restructuring of the financial institutions, liberalization of financial markets, introduction of financial engineering and new products and services, improvement in the quality of assets, provisioning of bad loans, mergers and acquisitions and a new model of non-bank financial companies have led to a partial cleansing up of the system. Although there is much to be achieved, the financial system has acquired strength and some space to diversify and branch into new areas of business.

Notes

Welcome Address on the occasion of the inauguration of Housing Finance Conference at Karachi on 11th December 2002

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