Transfer of Technology from Pakistan
Today I was chatting with my Pakistani friend Aftab, who is doing his Phd in finance here. We were talking about the status of banking system here and there. Aftab told me that there are 900 different banks in Austria, a country with just 8 millions of the populations. On contrast in Pakistan where more than 100 million of people are living there are just 43 banks operating where half of them are foreigners and 3 of them are owned by the public sector. Compare it with the situation of Iran. We just have 17 banks and only 6 of them are privately owned. Of course there is no foreigner bank in the whole country. (To be more precise I should confess that I recently read that one branch of a foreigner bank was oppened in Kish Island)
When he asked me about the situations in Iran I had nothing to tell him apart from the new act proposed by Dr Ahmad Tavakkoli and passed by the parliament targeting lower interest rates and its effect on just recently formed and fragile private banks.
The funny point was that he proposed if Iran is looking for the sources of modern banking technology Pakistan would be the best choice because they are close to us and also are quite experienced as they have already started deregulation and restructuring of this sector since 1985.
Overconfident, country lover Iranians who constantly assume that we are best should look at his proposal very carefully!
Comments
As you mentioned in your first post, every comment on style of your writing is welcomed. In the first paragraph you have written: "8 millions of the populations" and immediately after that, in the next sentence you wrote: "100 million of people". Although the second phrase seems to be more reasonable for me, the alternative usage of phrases is admirable.
Posted by: Nassir | April 22, 2006 12:28 AM
We are NOT the best. Many love Iran not because it is the best or the most perfect. only because it is Iran. What is your proposal? are you familiar with Pakistani Banking system? how come it is privately owned under a rather volatile political system? could you ask your friend to introduce some references
Posted by: Ali | April 22, 2006 01:28 AM
maybe their banks don't have many branches but iranian banks have lots of these brances all over the country .
Posted by: shahla | April 22, 2006 07:03 AM
webloge khoobi dari ke laiegh matalebe khoobete (hade aghal in matlabi ke daram mi khoonamesh)
kheili doost daram bishtar nazar otrishi ha ro nesbat be iran va irani ha be doonam . pish man ham bia omidvaram refaghatemoon edame peida kone
Posted by: Mahdi | April 22, 2006 08:45 PM
foreigner bank -> foreign bank
was opened -> is opened
Posted by: MM | April 23, 2006 12:44 AM
i didnt know u has started wirtng again! so i am really happy to see u again!
Posted by: yoota | April 23, 2006 04:12 AM