It was in 1973, the Silver Jubilee of the SBP, when it was decided that a lecture series would be instituted in Mr. Zahid Husain’s name. Since then, the SBP has hosted 22 globally acclaimed economists, policymakers and intellectuals, who have delivered lectures on a multitude of topics with enormous significance for economic policymaking. Ladies and Gentlemen! 7.
This would be consistent with the approach chosen by the Governors and Heads of Supervision in their recent statement that new regulatory reforms should “not significantly increase overall capital requirements”. 12  4  European Commission, Directorate General for Economic and Financial Affairs (2012), Fiscal Sustainability Report, European Economy, No. 8; IMF (2014), Fiscal Monitor, April; Lanotte et al (2016), cit.