In this episode, Uzair talks to Zafar Masud about Pakistan’s economy, how to reduce cash in circulation, and why fiscal deficits are the core problem that need resolution. Zafar Masud is an international banker and entrepreneur currently serving as the President and CEO of The Bank of Punjab. Previously, he has been employed at senior positions by multinational banks across Pakistan and abroad. You can read the co-authored piece on cash economy here - https://www.dawn.com/news/1779399/comment-transitioning-away-from-a-cash-economy Chapters: 0:00 Introduction 1:10 Why is cash a problem? 21:50 Demonetization in Pakistan 31:44 Financial inclusion 42:30 Debt restructuring 52:55 Charter of society 1:05:13 Reading recommendations Reading recommendations: - If God was a Banker by Ravi Subramanian - Gambling on Development by Stefan Dercon - Time for Socialism by Thomas Piketty - The Culture Map by Erin Meyer - In an Uncertain World by Robert Rubin