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Enhancing the Delivery of Financial Services in Pakistan

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  • Wajhullah Fahim

    (Pakistan Institute of Development Economics)

Abstract

A robust financial system plays a vital role in economic growth, financial stability, easy access to finance, and capital market formation. A sound financial system gives people the confidence to invest in the economy, which underpins economic growth and development. It increases external relationships by helping payment across borders. Sound financial systems help in the reallocation of resources across different segments of society, improving all welfare levels and long-term financing in the economy. So a stable financial system helps in the efficient allocation of resources, forecasting financial risks, monetary stability, and maintaining the natural rate of unemployment in the economy.

Suggested Citation

  • Wajhullah Fahim, 2023. "Enhancing the Delivery of Financial Services in Pakistan," PIDE Webinar Brief 2023:121, Pakistan Institute of Development Economics.
    • Handle: RePEc:pid:wbrief:2023:121
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