The State Bank of Pakistan has presented a new initiative to reduce the gender gap in financial inclusion.
SBP is hosting a webinar on ‘consultative launch of banking on equality policy: reducing the gender gap in financial inclusion’ on Monday (December 21).
As per the details, the Webinar will be made live on the bank’s official Facebook page. It aims to promote awareness of the importance of women’s financial inclusion.
The SBP announced the webinar in an official press release. It stated that 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. 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 launching a consultative dialogue on women’s #financialinclusion and promoting #GenderEquality in the financial sector. Watch the first webinar to launch the dialogue on SBP’s forthcoming policy with international panelists live @ https://t.co/D6Bjow0PVC pic.twitter.com/6J2yuTVPns
— SBP (@StateBank_Pak) December 20, 2020
The statement added, “Banking on Equality: Reducing the Gender Gap in Financial Inclusion”, is a flagship policy initiative of the State Bank of Pakistan for promoting women’s financial inclusion. The policy will introduce a gender lens within the financial sector through specific measures to bring a shift towards gender-friendly business practices.
The webinar will be hosted bySBP Governor, Dr. Reza Baqir. He will host the consultative launch of the Banking on Equality policy with an introductory presentation on the policy by SBP Deputy Governor Ms. Sima Kamil, and followed by a high-level panel discussion around women’s financial inclusion. The panel members would include Princess Zahra Aga Khan Director Aga Khan Development Network (AKDN), Ms. Ceyla Pazarbasioglu from IMF, and Dr. Reza Baqir Governor, State Bank of Pakistan while Dr. Anita Zaidi from Bill and Melinda Gates Foundation (BMGF) will moderate the panel discussion.