LAHORE: The MCB Bank Limited has organised a seminar under the title of “Current Economic Turmoil – Risks and Opportunities” at its head office in the provincial capital to educate the customers on the performance of the global economy, existing risks and their implications for Pakistan.
The event also covered measures for suitable course of action to not only hedge these risks but also take advantage of economic opportunities through the use of various product offerings from MCB Bank. The global economy is in a state of turmoil at the moment, and global macro-economic events in the near term will trigger further uncertainties and risks in the global markets, which could affect Pakistan.
The seminar was largely attended by the senior management personnel of large and medium Pakistani corporate and businesses.
The discussion was initiated by the CEO and President of MCB Bank Limited, Imran Maqbool, during which he elaborated that MCB Bank continues to strive to serve its customers through un-matched services, ground-breaking product innovations and an overall culture of keeping clients abreast with the changes in the global and local economic landscape.
Maqbool narrated that in addition to the Bank’s strong local presence spanning over more than 1200 branches, it continues to expand abroad with a total of 11 foreign operational branches. He also thanked the audience and the Bank’s customers for placing their trust in MCB Bank and hoped that their strategic partnership with the Bank continues to flourish in the same vein that has placed MCB Bank as one of the pioneers of the banking industry in Pakistan.
Addressing on the occasion, Group Head Treasury Mohammad Ramzan, CFA, explained that the global economy is at a critical juncture in time with several macro-economic changes that are expected to unfold in the near future. Pakistani businesses need to be wary of these developments around the globe as Pakistan is no longer immune to these in today’s economic environment.
The seminar concluded after a detailed Q&A session in which the guests actively participated to clarify the working of financial derivatives before the guests convened for refreshments.
