Women empowerment – Innovative bond aims to bridge gender gap

In a pioneering move, Pakistan has introduced the first-ever South Asian gender bond valued at Rs2.5 billion on its stock market. This initiative positions Pakistan as a leader in economically empowering women by providing funds for education, healthcare, and other socio-economic advancements.

The bond, with a three-year term, aims to promote financial inclusion and opportunities for marginalized women. The government’s commitment to gender equality aligns with constitutional principles and international obligations.

Kashf Foundation’s CFO, Shahzad Iqbal, revealed that Rs2.5 billion was raised from investors, with financial institutions contributing 50%.

The fund will offer financing at a 20% interest rate, benefiting women in flood-affected areas and supporting working women nationwide through microfinance institution Kashf. The bond units will be tradable on the PSX in approximately a month.