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Asia-PacificJanuary 2 2006

Pakistan

National Bank of PakistanS. Ali Raza, Chairman & President
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1. What makes your country attractive to investors?

A stable macroeconomic environment, progressive and pro-investor policies, a growing middle class in a very large domestic market (population 150 million) and a strategic location straddling south Asia, central Asia and the Middle East.

2. What are the economic prospects for your country over the next three to five years?

GDP growth is expected to range between 6% and 8%. Investment and trade are expected to grow at more than 10%, which could increase substantially with the growth in inter-regional trade within the south Asian region. Large investments will be made in infrastructure, energy and human resource development.

3. How do you foresee the financial sector in your country changing?

An appreciable growth in the untapped sectors, for example, mortgages, SME lending, lending to agriculture and micro credit. Greater use of capital markets by corporates, and an increase in M&A activity as scale becomes a necessity.

4. What role will your bank play in your country’s future development?

We will substantially expand our product range in our domestic market, invest in state-of-the-art technology, capitalise on our global franchise to further trade and payments, and upgrade our risk management and control systems in line with international standards and requirements.

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