President Dr Arif Alvi Saturday said the financial inclusion of special people would have a positive effect on the social and economic progress of the country.
He was presiding over a meeting of Chief Executive Officers and Presidents of banks on the financial inclusion of special people here.
He appreciated the efforts of the banking industry for the special people during the last two years. He said the policy of the banking sector for the special people could also be followed in other sectors.
He urged the CEOs of banks to review the issues and challenges regarding facilities given by them in the sector of microfinancing.
The banking sector could encourage women and special persons in availing facility of microfinancing, he said adding special people could play an important role in the economy of the country with financial inclusion and education.
He expressed concern over the incidents of fraud in the banking sector and advised banks to work further on their monitoring system to detect fraudulent transactions. He said under the instructions of the State Bank the alert system
for tackling fraud in the banking sector should be strengthened. He stressed that banks should support female employees in taking forward their careers and in achieving a better living standard for their families.
He welcomed the availability of loans on easy conditions to women. However, he said the percentage of women applying for business loans was low.
He said banks should raise awareness about the easy business loans available to women.
