Mohammad Uzair, A Study of Bank Deposits in Pakistan (1947-1962). (Karachi: Economic Research Academy, 1964. pp.28. Rs. 2.00).

Richard C. Porter


Dr. Uzair's short monograph capably surveys the fundamental
changes which occurred in the Pakistan banking system during the first
fifteen years of its existence. While most of the monograph is little
more than a summary of the published State Bank of Pakistan statistics,
it nevertheless provides a useful picture of the immediately visible
developments in banking during these years. Between and around the facts
and figures, however, there is a very curious ambivalence. On the one
hand, Uzair is impressed with the tremendous growth of bank deposits
over 1947-1963; on the other hand, he is disturbed by the inadequacy of
efforts by the State Bank and commercial banks to foster the development
of banking in Pakistan. This ambivalence arises from Uzair's failure to
recognize that the greater use of deposits and the development of the
"banking habit" are neither goals of an economy nor important
achievements in themselves. The subject he never raises, and which he
should have raised even though it would have required a much longer
monograph, is: Why is it desirable that the banking system seek to
expand deposits ?

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