A Strategy for Reviving Long Term Investment in Pakistan

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Karachi: The decline of long term financing in Pakistan has now reached crisis proportions. The investment share of GDP has been declining for the last five years and according to the current State Bank’s annual report long term loans of banks declined from Rs. 62.1 billion in 2010 to Rs. 11.0 percent in 2011.

As such, a Conference on “Long term Debt Financing: Issues and Challenges for Pakistan” was organized by the Department of Finance, CBM, Institute of Business Management (IoBM) to develop a strategy for an urgent revival of long term financing, says an announcement of the IoBM Public Affairs Section. This Conference was chaired by Mr. Yasin Anwar,

Governor, State Bank of Pakistan SBP and panellists included chief executives and senior officials of Habib Bank, UBL, SECP, Arif Habib Group, Sindh Bank, Topline Securities, First Credit and Investment Bank and the country director Asia Development Bank.

The key note address was delivered by Mr. Tariq Hassan, Ex Chairman, Securities and Exchange Commission of Pakistan(SECP). Twelve research papers focusing on a comparison of long term financing instruments in Pakistan, China, India and Malaysia were presented in two technical sessions.

Panel discussions and papers focused on such areas as Reluctance of Financial Institutions in developing Long Term Assets and Liabilities, Comparison of Pakistan’s debt market with global and regional markets, Issues in developing bond markets, Institutional Redesigning for enhancing Long Term Financing, Formation of Future Strategy to develop Long Term Debt Financing Market in Pakistan.

A working group consisting of SBP and SECP officials, bankers and faculty members of the department of finance, CBM was set up under the chairmanship of Prof M.A Janjua former deputy governor of the SBP to develop a strategy for enhancing long term investment on the basis of the recommendation of the conference and to work out an implementation strategy.

Earlier Mr. Talib Karim, Rector of IoBM gave the welcome address during which mentioned about IoBM landmarks in over a decade and a half of its establishment.

For more information, contact:
Institute of Business Management
Korangi Creek,
Karachi.
Tell: 021-35091905. 0334-3013971.
Email: parvez@iobm.edu.pk