Oct 25 - Oct 31, 2004  
ISSUE # 43  

The financial sector in Pakistan has emerged stronger and exhibits an increased resilience to shock. In the early nineties it was dominated by state-owned banking system that has been transformed in to one that is predominantly under the control of the private sector. The legislative framework and the State Bank of Pakistan's supervisory capacity have been improved substantially. The banks have learnt that by broadening their client base, adding new products to their portfolio and offering new types of services, they can diversify their risks as well as earn higher returns.







One of the important aspects of Thar coal power project will be the social, economic and financial uplift of the local population which has been deprived of all these resources. The people of the remote parts of the country were deprived of their genuine rights because the remote parts of the country never given a place on the map of economic growth of the country.

The government of President Pervez Musharraf, first 3 years as chief executive of the country and the remaining two as the most effective and powerful President, completed 5 years in October 2004 as he assumed power in October 1999. As a matter of fact, the present government despite facing many crises has achieved much more compared to any governments in the recent past.