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Full Reserve Banking aiming to eliminate High Inflation, massive Government Debt, Interest cost and Unemployment
September 14 @ 5:00 pm - 7:00 pm
Pakistan is currently grappling with high inflation, massive government debt, and soaring interest costs. To address these issues, a new proposal advocates for the implementation of full reserve banking. This approach aims to transform the financial landscape by completely separating money from credit, potentially eliminating government debt and reducing interest costs.
Full reserve banking, endorsed by economists like Milton Friedman, would enable the State Bank of Pakistan to control money creation more effectively. This system ensures banks act as true intermediaries and helps enhance financial stability by reallocating funds to productive investments. It aligns with Islamic finance principles of equity, transparency, and risk-sharing, promoting ethical and sustainable economic growth.
By adopting full reserve banking, Pakistan could achieve immediate relief from debt burdens and move towards a more inclusive and stable financial future.
By Mr. Qanit Khalilullah
A Highly Experienced Finance Expert, Business Leader, and Economist
Qanit is an accomplished finance and business leader with expertise in financial, supply chain, and tax management. His notable roles include Head of Internal Audit at Unilever Pakistan and Executive Vice President at Ufone. A Fellow of the Institute of Chartered Accountants of Pakistan and England & Wales, and the Chartered Institute of Management Accountants (CIMA) UK, he also completed a Senior Leadership program at Harvard Business School. Currently an Executive Director at a consulting firm, he is also a member of the Accounting Standards Board and Chairman of the Audit Committee at the Character Education Foundation. His specializations include economics, public policy, financial planning, and business advisory.
- Title: Full Reserve Banking aiming to eliminate High Inflation, massive Government Debt, Interest cost and Unemployment
- Date: September 12, 2024
- Time; 17.00 Makkah/Istanbul
- Online via ZOOM
- To get the link to the event, please click the link below to register
https://maqasid.org/?ff_landing=14