Mustafa Mufti

Mustafa Mufti

A central banker with keen interest in development finance. He likes to find logic in abstract things.

Does anyone in Pakistan know how to save money?

While I was visiting a friend, I came across something very peculiar. His domestic help, who was serving us tea and refreshments, had headphones plugged into his ears and kept chatting away to someone over his phone. His behaviour remained consistent during my four-hour-long stay and I wondered how he was able to talk so long without his mobile balance running out.  Giving in to my curiosity, I asked my friend about his servant’s excessive phone calls, to which he explained that of the Rs10,000 that he received as salary, a major chunk of it went either to buying a new phone ...

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