SBP is all set to launch consultation on Banking on Equality policy for reducing the gender gap in financial inclusion
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Women’s access to financial and economic opportunities is essential for sustainable and inclusive economic growth. However, women in Pakistan are disproportionately under-served by the financial system. Only 18% percent of adult women in Pakistan have an active bank account compared with 51% of men. In order to address the gender disparities, the State Bank of Pakistan (SBP) has adopted a medium-term national target of 20 million active women bank accounts by 2023 under the National Financial Inclusion Strategy. The target will be achieved through the launch of a policy to reduce the gender gap in financial inclusion, titled