MCB Bank Limited, Pakistan's leading private sector bank, organised a seminar titled "Brexit and the EU: The Way Forward" at the Bank's Head Office in Lahore. The seminar was arranged by MCB Bank to inform customers about the conditions that led to the unexpected outcome of the Brexit vote on June 23rd, the reaction of the financial markets across the globe and what the decision entails for the future of the UK economy and the European Union. The seminar was attended by senior management representatives of large and medium Pakistani corporates and businesses.
MCB Bank President, Imran Maqbool opened the event with a welcome address and shared background on the seminar's core theme. He accentuated MCB Bank's commitment to its customers with unmatched service and ground-breaking product innovations. He thanked the seminar participants for placing their trust in MCB Bank and hoped that their strategic partnership with the bank will continue to flourish in the same vein that has placed MCB Bank at the forefront of the banking industry in Pakistan.
During the seminar, participants were shown how the financial markets responded to the Brexit vote, highlighting the rapid decline of the pound relative to the US dollar. It was suggested that the impact of the Brexit vote would be more long-term as the UK economy is largely dependent on trade with the EU.-PR
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