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SBP launches consultation on Banking on Equality Policy – an initiative to increase financial Inclusion of women in the country
Karachi, December 21, 2020 (PPI-OT): In order to address one of the key challenges hindering economic growth of Pakistan to its full potential, State Bank of Pakistan (SBP) has launched a national dialogue on its forthcoming policy to reduce the gender gap in financial inclusion. Dr. Reza Baqir, Governor SBP hosted a webinar titled “Launch of Consultation on Banking on Equality policy: Reducing the Gender Gap in Financial Inclusion” on Monday, December 21, 2020.
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.
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 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.