The Pakistan Banks’ Association (PBA) recently welcomed Mr. Mathew Verghis, the World Bank’s South Asia Regional Director for Equitable Growth, Finance, and Institutions, along with his team, for an insightful round table discussion. The meeting aimed to delve into key issues affecting the banking sector and gather valuable input from PBA Executive Committee members.
PBA CEO, Mr. Tawfiq Hussain, alongside other Executive Committee members, participated in the engaging dialogue. The discussion focused on pivotal topics including:
- The overall profitability and health of the banking sector
- The impact of macro vulnerabilities on domestic debt holders
- Opportunities for enhanced financial intermediation to the private sector
Mr. Mathew Verghis’ visit to Pakistan serves as part of a broader engagement strategy with senior government and private sector officials. The discussions aimed to address current macroeconomic conditions and assess the state of banking in Pakistan, fostering collaborative efforts towards sustainable growth and financial stability.
Source:PBA