SBP to launch consultation on Banking on Equality policy for reducing gender gap
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SBP to launch consultation on Banking on Equality policy for reducing gender gap
LAHORE (Web Desk) - SBP is all set to launch consultation on Banking on Equality policy for reducing the gender gap in financial inclusion 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% men.
In order to address the gender disparities, State Bank of Pakistan (SBP) has adopted a medium-term national target of 20 million active women bank accounts by 2023 under National Financial Inclusion Strategy.