SBP to hold webinar on women’s financial inclusion tomorrow

KARACHI: The State Bank of Pakistan (SBP) will hold a webinar on ”Consultative Launch of Banking on Equality policy: Reducing the Gender Gap in Financial Inclusion” on Monday to initiate a national dialogue on women’s financial inclusion.

The webinar, scheduled to start at 17.30 hours, will be shown live on State Bank’s Facebook page.

It aims to promote awareness about the significance of women’s financial inclusion and to hold discussions among distinguished international thought leaders to find practical solutions to give a boost to women’s financial inclusion in the country.

SBP Governor, Dr Reza Baqir, will host the consultative launch of the Banking on Equality policy with introductory presentation on the policy by SBP Deputy Governor Sima Kamil, followed by a high level panel discussion around women’s financial inclusion.

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The panel members would include Aga Khan Development Network (AKDN) Director Princess Zahra Aga Khan, Ceyla Pazarbasioglu from IMF and Dr Reza Baqir, while Dr Anita Zaidi from Bill and Melinda Gates Foundation (BMGF) will moderate the discussion.

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 18pc of adult women have an active bank account against 51pc.

For addressing the gender disparities, State Bank of Pakistan has adopted a medium-term national target of 20 million active women bank accounts by 2023 under 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 financial inclusion in the country.

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