Lastly, perhaps the most important consideration for the Finance Lab is how to encourage savings in the country, where particular emphasis may include increasing the awareness of individual savers across the country to understand the risks and returns associated with different avenues, and increasing retail investments in government debt papers and corporate bonds. Let me conclude by reiterating my best wishes for the Lab.
I hope IBA's Finance Lab will facilitate financial institutions in Pakistan to rethink and reinvent business models and provide strong product offerings by embracing technology and adopting customer centric approach. I hope that the lab would facilitate great collaboration between the industry and academia to solve topical and long-unsolved problems, and allow students to expand their horizon beyond the classroom.