MMBL puts forth Policy Recommendations to foster Financial Inclusion in Pakistan

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Staff Reporter
Islamabad

Pakistan’s largest digital Bank, Mobilink Microfinance Bank Limited (MMBL) has put forth it’s 9 point agenda for the future of financial inclusion covering far-reaching and research-based recom-mendations in the areas of diversity & inclusion, microfinance, SME finance, housing finance, agri-culture finance, digital lending, payments, savings, and insurance.

 

The 9 point agenda was formally launched by President & CEO, Mobilink Microfinance Bank, Mr. Ghazanfar Azzam, in the presence of dignitaries from State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), Paki-stan Microfinance Network (PMN), Jazz Pakistan, VEON and the media.

Speaking at the event, President & CEO, MMBL, Ghazanfar Azzam said: “The COVID-19 pandemic has made it indispensable for Pakistan to fully embrace digital transformation on a sustain-able basis for wholesome socio-economic growth and development.

Being an industry leader of finan-cial inclusion in the country and as the largest digi-tal bank, MMBL has identified key strategic areas that need immediate interventions to bring every Pakistani into the fold of financial inclusion.

The development of these areas through access to fi-nance will prove to be a game-changer for the na-tional economy. We are committed to playing our part for the uplift of Pakistan”

.Chief Finance and Digital Officer, MMBL, Sardar Mohammad Abubakr said: “Any discussion on financial inclusion must address the needs of the masses.

We believe digital is a great equalizer and with the right approach, digital financial inclusion can help alleviate poverty by bringing women into the financial inclusion mainstream .

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