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Restructuring of Financial Sector in Pakistan

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  • Khan, Muhammad Arshad

Abstract

Like many other developing countries Pakistan also undertook the process of financial restructuring through reforms in early 1990s to establish a more market-based system of financial intermediation and government financing, conduct the monetary policy more efficiently through greater reliance on indirect instruments and increase the contribution to the rapid development of the stock markets. These reforms were primarily designed to correct the dissertations implicit in the administrated structure of rates of returns on various financial instruments, to abolish the directed and subsidized schemes, to allow free entry of private banks in the financial sector in order to enhance the competition and efficiency in the financial sector and to strengthen the State Bank of Pakistan. This study discus the financial restructuring strategy and the stages it has passed over time and history of financial reforms carried out so far in Pakistan.

Suggested Citation

  • Khan, Muhammad Arshad, 2002. "Restructuring of Financial Sector in Pakistan," MPRA Paper 3921, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:3921
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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