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SBP launches consultation process to enhance financial inclusion of women
Business
Tue, Dec 22, 2020
KARACHI: The State Bank of Pakistan has launched a national dialogue on its forthcoming policy to reduce the gender gap in financial inclusion to address one of the key challenges hindering economic growth of the country to its full potential.
SBP’s governor, Dr. Reza Baqir hosted a webinar titled “Launch of Consultation on Banking on Equality policy: Reducing the Gender Gap in Financial Inclusion” on Monday, said an SBP statement.
The webinar featured an exclusive panel discussion around women’s financial inclusion with international thought leaders in the area of gender and finance including Director Aga Khan Development Network, Princess Zahra Aga Khan, Director of Strategy, Policy and Review Department, International Monetary Fund, Ms. Ceyla Pazarbasioglu and SBP Governor Dr. Reza Baqir. President of Gender Equality at Bill and Melinda Gates Foundation, Dr. Anita Zai
SBP to plan women’s financial inclusion
Business
December 20, 2020
KARACHI: The State Bank of Pakistan (SBP) will host a webinar on ‘consultative launch of banking on equality policy: reducing the gender gap in financial inclusion’ on Monday (December 21).
The webinar will be shown live on State Bank’s Facebook page and aims to promote awareness of the significance of women financial inclusion and hold discussions among distinguished international thought leaders to discuss practical ways to give a boost to women financial inclusion in Pakistan.
SBP Governor Reza Baqir will host the consultative launch with introductory presentation on the policy by SBP Deputy Governor Sima Kamil, and followed by a high level panel discussion around women’s financial inclusion. The panel members will include Aga Khan Development Network Director Zahra Aga Khan, Ceyla Pazarbasioglu from IMF and Anita Zaidi from Bill and Melinda Gates Foundation.
State Bank to plan women’s financial inclusion
Business
December 20, 2020
KARACHI: The State Bank of Pakistan (SBP) will host a webinar on ‘consultative launch of banking on equality policy: reducing the gender gap in financial inclusion’ on Monday (December 21).
The webinar will be shown live on State Bank’s Facebook page and aims to promote awareness of the significance of women financial inclusion and hold discussions among distinguished international thought leaders to discuss practical ways to give a boost to women financial inclusion in Pakistan.
SBP Governor Reza Baqir will host the consultative launch with introductory presentation on the policy by SBP Deputy Governor Sima Kamil, and followed by a high level panel discussion around women’s financial inclusion. The panel members will include Aga Khan Development Network Director Zahra Aga Khan, Ceyla Pazarbasioglu from IMF and Anita Zaidi from Bill and Melinda Gates Foundation.
SBP 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% 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 Banking on Equality, which aims to promote women’s financial inclusion in Pakistan.