Daily Times

LAHORE: MCB Bank, one of the largest banks in Pakistan, held a seminar titled “External Sector of Pakistan: The Road Ahead” for its select clients and key industry stakeholders.

The seminar was organised by MCB Bank to inform its customers of the dynamics of the external sector of Pakistan and its present status. The event also covered measures for suitable course of action to reduce risk exposure through the use of various product offerings from MCB Bank. The seminar was largely attended by senior management personnel of large and medium Pakistani corporates and businesses.

MCB Treasury and FX Group head Salman Zaidi welcomed guests and briefly explained the initiatives taken by MCB Bank Treasury and FX Group to engage with their clients. MCB Treasury Sales head Amer Nazir Khan then briefly introduced the topic and initiated discussion at the seminar. FX Market senior dealer Nausherwan Saleem went on to explain the various components of Pakistan’s external sector such as trade balance, remittances, foreign direct investment, foreign portfolio investment and external debt and how each part contributes to the country’s balance of payments position. He also briefly discussed the road ahead for the external sector.

Muhammad Aadil Ismail, derivatives dealer at MCB Treasury, informed customers about the various product offerings at MCB which could be used to hedge against risks and also take advantage of economic opportunities. The seminar concluded after a detailed Q&A session in which guests actively participated to discuss the external sector of Pakistan as well as the use of financial derivatives.

Published in Daily Times, November 29^th 2017.