KARACHI: The Management Association of Pakistan (MAP) organized an insightful talk featuring Mr. Qanit Khalil Ullah, author of the acclaimed book Breaking the Trap of Debt, Inflation, Interest and Poverty: Replacing Fractional Reserve Banking with Full Reserve Money, at a local hotel.
The event brought together MAP members, economists, business leaders, professionals, and other distinguished guests to discuss critical issues surrounding modern banking systems and economic reform.
During his presentation, Mr. Qanit Khalil Ullah highlighted the limitations of the existing fractional reserve banking system and presented the concept of a full reserve money system as a potential alternative. He explained how such a system could contribute to reducing debt, controlling inflation, minimizing reliance on interest-based financial structures, and addressing poverty.
Participants praised the session for its comprehensive analysis, thought-provoking ideas, and practical insights into monetary policy and financial stability. The discussion encouraged attendees to examine innovative approaches to economic reform and sustainable financial development.
The event concluded with an interactive question-and-answer session, where attendees engaged with the speaker by raising important questions and exchanging views on banking reforms, monetary policy, and the future of Pakistan’s economy.
The Management Association of Pakistan continues to provide a platform for intellectual dialogue by bringing together experts and professionals to discuss key economic, financial, and management issues facing the country.
