RDA - great step towards financial growth.

Byline: Khalil Ahmed

Govt making right efforts in introducing trustworthy channels for the growth of economy

Interview with Mr Hamad Rasool Bhullar - an analyst

PAGE: Tell me something about yourself, please:

Hamad Rasool Bhullar: I am currently working with a large public sector organization. With respect to the financial sector, I have been involved in research and training for over 28 years and so far, and conducted over 300 trainings on different aspects of Finance, Business Ethics, Audit and Corporate Governance from basic concepts to professional applications in Projects Finance, Shariah Compliant risk management, investment management and Corporate Governance etc. in addition to the freelance consultancy and Financial Advisory in these fields. I have also remained a non-executive member on the Board of an Investment Bank during 2005 -08. My qualifications and experience over the last 32 years have mainly been a mix of Accountancy, Corporate Law, IT, Economics Finance, Islamic Finance and Takaful, Projects Finance, Audit and ethics, Trainings and Business Turnaround Advisory.

PAGE: How would you comment on Roshan Digital Accounts?

Hamad Rasool Bhullar: As a matter of fact, RDA is a great step towards financial growth. Here, it is up to the Pakistani banks to explore this opportunity for the development of Pakistan by approaching the non-resident Pakistanis who have great funds with them to attract these funds by offering and approaching the people. Benefits of any structure flow to the stakeholders if the plan gets success, which depends on the point where all the stakeholders agree and work on common agenda. Instead of spending more on advertisement in local media, they must produce certain case points in videos and share them with the possible depositors.

PAGE: What is your perspective about MERA GHAR housing loan scheme?

Hamad Rasool Bhullar: Perhaps the name of the scheme is "Roshan Apna Ghar". It is the scheme of loan offered to certain non-resident Pakistanis living in Gulf and Far East regions, who fulfill certain specified conditions as laid down by the state Bank of Pakistan. As it has been connected with Roshan Digital Account, it does not contain any charges which make it even more attractive. The actual point is when will the fruits of such schemes start flowing to Pakistan and later start transforming into values for the common citizens of Pakistan.. .. .. !

PAGE: Could you tell us about e-banking landscape in Pakistan?

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