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% 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
SBP to launch policy for reducing gender gap in financial inclusion
By AFP/Aamir Qureshi
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.
This was stated by the State Bank of Pakistan, in a press release issued on Saturday.
According to the handout, only 18% percent of adult women in Pakistan have an active bank account compared with 51% men.
SBP said that in order to address the gender disparities, it has adopted a medium-term national target of 20 million active women bank accounts by 2023 under National Financial Inclusion Strategy.
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.
SBP committed to reducing gender gap in financial inclusion
Business
Sun, Dec 20, 2020
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.
This was stated by the State Bank of Pakistan, in a press release issued on Saturday.
According to the handout, only 18% percent of adult women in Pakistan have an active bank account compared with 51% men.
SBP said that in order to address the gender disparities, it has adopted a medium-term national target of 20 million active women bank accounts by 2023 under National Financial Inclusion Strategy.