Streaming Media

Media Type

Keynote Address

Publication Date

8-31-2002

Description

Pakistan’s banking sector has been faced with at least several problems and difficulties. The main problems faced by the sector are:- (1) Most of the financial assets and deposits are owned by nationalized commercial banks (NCBs) which suffer from a highly bureaucratic approach, overstaffing, unprofitable branches and poor customer service. (2) NCBs along with specialized banks such as ADBP, IDBP and Development financial institutions such as NDFC have a high ratio of non-performing loans. (3) Banking industry faces a high tax rate which affects its profitability and attractiveness for new entrants. (4) There is a proliferation of banks and some of them are undercapitalized, poorly managed with a scanty distribution network. (5) Agriculture, small and medium enterprises, Housing sectors are underserved and have limited access to credit.

Notes

Presidential Address at the Seminar organized by Management Association of Pakistan at Lahore held on August 31, 2002.

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