Tuesday, October 16, 2018

HBL President comments on Pakistan’s dialogue with the IMF, CPEC and Digitalization

HBL President comments on Pakistan’s dialogue with the IMF, CPEC and Digitalization

Bali, Indonesia: Mr. Muhammad Aurangzeb was invited as the only CEO representative of the Pakistani banking sector in order to share his views in his capacity as the President & CEO of HBL. It is pertinent to mention that Muhammad Aurangzeb is the only CEO from Pakistan as well as the only Pakistani who has accepted an invite to join the membership of the exclusive Global CEO Council organized and managed by the Dow Jones Group/Wall Street Journal.

In an interview with Bloomberg on the sidelines of the IMF/World Bank annual meetings, the HBL President & CEO, Mr. Muhammad Aurangzeb introspected that Pakistan's Government has some difficult decisions to make in order to narrow the fiscal deficit and come up with solutions that encourage an increase in exports and the tax base of the country. He pointed out: “With dwindling reserves a breathing space is required...that is where the IMF comes in." He further added: “The devaluation will ultimately help exports and Pakistan. In order for government policies to become sustainable in the long run, he stated that "...made-in-Pakistan and an export based model is the way forward."



Speaking on China's One Belt One Road initiative, he pointed out that CPEC stands out as its flagship in terms of investment being made in Pakistan's energy sector, roads and other infrastructure projects which have also benefited Pakistan and in the medium to long term these projects will boost Pakistan's exports and ultimately pay back and create a long term positive effect on the balance of payments. He further stated: "A lot of these projects should be invoiced in RMB and settled in RMB especially energy projects which should not be based on a Dollar index but a RMB index which is a wonderful opportunity for Pakistan to diversify." Furthermore, he added that "HBL is the only Pakistani bank which has a physical presence in China". 

With regard to the future and digitalization he emphasized, "HBL thinks of itself as an IT company with a banking license”.

The annual meeting of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) was held in Nusa Dua, Bali, Indonesia from October 12th -14th, 2018. Both the IMF and the WBG undertake to bring together central bank governors, Ministers of Finance, senior parliamentarians, captains of industry, representatives from civil society organizations and academics to discuss issues that involve the world economic outlook, poverty eradication, economic development, and aid effectiveness, including many other events focused on the global economy, international development, and the world's financial system.





SHARE THIS

Author:

Thanks for visiting our website. Like our FB pages and subscribe for daily updates; you can comment on the above post bellow ↓with your Google id or Facebook id – Thank you for your time..☺

0 comments:

 
‎لطیفے اور شاعری‎
Facebook group · 8,142 members
Join Group
یہ گروپ آپ سب کے لئے ہے۔ پوسٹ کیجئے اور بحث کیجئے۔۔۔۔۔ اپنی آواز دوسروں تک پہنچائے۔۔۔اور ہاں گروپ کو بڑا کرنے کے لئے اپنے دوستوں کو بھی گروپ میں دعو...
 

All Categories

Aaj Kamran Khan ke Saath Aamir Liaquat Hussain Aapas ki Bat NajamSethi Abdul Qadir Hassan AchiBaatain Afghanistan Aga Khan University Hospital AirLineJobs Allama Iqbal America Amjad Islam Amjad Anjum Niaz Ansar Abbasi APP Aqwal Zareen Articles Ayat-e-Qurani Ayaz Amir Balochistan Balochistan Jobs Bank of Khyber Banking Best Quotes Biwi Jokes Blogger Tips Chaltay Chaltay by Shaheen Sehbai China Chitral Coca-Cola Coke Studio Columns CookingVideos Corporate News Corruption Crimes Dr Danish ARY Sawal Yeh Hai Dubai E-Books EBM Education Educational Jobs Emirates English #Quotes English Columns EnglishJokes Funny Photos Funny Talk Shows Funny Videos Gilgit-Baltistan Girls Videos Govt Jobs HabibJalibPoetry Hamid Mir Haroon Al-Rashid Hasb-e-Haal with Sohail Ahmed Hassan Nisar Hassan Nisar Meray Mutabaq Hazrat Ali AS Sayings HBL Health HikayatShaikhSaadi Hospital_Jobs Hotel Jobs Huawei Hum Sab Umeed Say Hain India Information Technology Insurance International News Islam Islamabad Islamic Videos JammuKashmir Javed Chaudhry Jazz Jirga with Salim Safi Jobs Jobs Available Jobs in Karachi Jobs in KPK Jobs in Pak Army Jobs_Sindh JobsInIslamabad Jokes Jubilee Insurance Kal Tak with Javed Chaudhry Karachi Kashmir KhabarNaak On Geo News Khanum Memorial Cancer Hospital Khara Sach With Mubashir Lucman Khyber Pakhtunkhwa Lahore Latest MobilePhones Lenovo LG Life Changing Stories LifeStyle Live With Dr. Shahid Masood Live with Talat Hussain Maulana Tariq Jameel MCB Bank Microsoft Mobilink Mujeed ur Rahman Shami Munir Ahmed Baloch Nasir Kazmi Nazir Naji News News Videos NGO Nokia North Korea Nusrat Javed Off The Record (Kashif Abbasi) Off The Record With Kashif Abbasi On The Front Kamran Shahid OPPO Orya Maqbool Jan Pakistan Pakistan Army Pakistan Super League Pashto Song Photos Poetry Political Videos Press Release Prime Time with Rana Mubashir PTCL Punjab Quetta Quotes Rauf Klasra Samsung Sar-e-Aam By Iqrar-ul-Hasan Sardar Jokes Saudi Arabia ShiroShairi Show Biz Sikander Hameed Lodhi Sindh Social Media Sohail Warriach Songs Sports News Stories Syria Takrar Express News Talat Hussain Talk Shows Technology Telecommunication Telenor To the point with Shahzeb Khanzada Tonight with Moeed Pirzada Turkey Tweets of the day Ufone University Jobs Urdu Ghazals Urdu News Urdu Poetry UrduLateefay Video Songs Videos ViVO Wardat SamaaTV WaridTel Wasi Shah Zong اردو خبریں
______________ ☺ _____________ _______________ ♥ ____________________