Crashing Through Barriers: Economy, Taxation, PIA Crash & More Ft. Zafar Masud | 388 | TBT

International listeners can support TBT here: https://buy.stripe.com/6oEaFEdAXbGe69W6ou Zafar Masud is the President & CEO of Bank of Punjab and Chairman of Oil & Gas Development Company Limited. #thoughtbehindthings #muzamilhasan #banking #finance #taxation #economy #regulation Check out the trainings from Sarmaaya Financials: Training List: https://sarmaaya.pk/trainings/?src=tbt Technical Training Masterclass 2.0: https://sarmaaya.pk/trainings/details?tid=1&src=tbt Fundamentals of Capital Market: https://sarmaaya.pk/trainings/details?tid=2&src=tbt 00:00 Introduction 02:23 Early Life 03:00 Growing Up as an Actor's Son 04:23 Living in the Public Eye 08:31 From Artistic Roots to Banking 12:18 Family History 17:48 Socioeconomic Classes as Mindset 23:11 His Education 25:39 The Story of Getting into IBA 35:29 How it went? 38:00 Joining American Express 41:02 Why Chartered Accountancy? 44:01 Experience at American Express 45:15 Importance of Emotional Expression for Men 46:50 Father’s Health Scare & Moving to Lahore 48:07 Joining Citi Bank Pakistan 48:52 Career Progression 49:52 Working Non-Stop 53:00 Taking up a New Role in Barclays 54:29 Working with Different People 56:51 Pakistani Diaspora Abroad: A Soft Power? 1:01:47 Starting a New Venture 1:04:08 Becoming a Board Member at the State Bank of Pakistan 1:06:14 Switching to National Savings 1:07:26 Transitioning to Government Service 1:10:54 What happened next & getting into BOP 1:16:15 BOP's Changes Under Him 1:22:20 The Purpose of Public Sector Banks 1:27:43 Privatization of State-Owned Entities 1:31:13 Letting Go of Profitable Entities & Managing Revenue Guzzlers 1:36:13 Will the ‘Single Buyer Model’ change? 1:41:16 Surviving a Plane Crash 1:44:13 Survivors Guilt 1:46:38 Learnings from it 1:49:40 Life After the Crash: Shifts in Relationships? 1:54:03 Tax Collection, Money Printing & Fiscal Stability 2:02:58 The Flaws in the System 2:04:49 Solving the Pension Problem 2:11:01 ‘White’ Economy, GDP Projections & Data Insights 2:18:10 Analyzing Dollar Flows 2:21:00 Discussing Taxation in Detail 2:31:31 Wealth Tax 2:34:25 Inheritance Tax 2:35:19 Why is this important? 2:37:10 Are Banks Really Rentseekers? 2:42:43 Demonetization: Would it work in Pakistan? 2:47:02 His Perspective on the Future of Currency 2:59:15 Pakistan of 2050 Do not forget to subscribe and press the bell icon to catch on to some amazing conversations coming your way! Socials: TBT’s Official Instagram: https://www.instagram.com/thoughtbehindthings Muzamil’s Official Instagram: https://www.instagram.com/muzamilhasan Support our podcast: https://anchor.fm/syed-muzamil-hasan-zaidi3/support Zafar’s LinkedIn: https://www.linkedin.com/in/zafarmasud/?originalSubdomain=pk Podcast Links: • Spotify: https://spoti.fi/3z1cE7F • Google Podcast: https://bit.ly/2S84VEd • Apple Podcast: https://apple.co/3cgIkfI