Pakistan’s foremost agency for promotion of financial inclusion and access to finance, Karandaaz Pakistan held a half-day workshop to deliberate on ways to promote and expedite the process of women’s financial inclusion in the country.
Karandaaz Pakistan is provided institutional and financial support by the United Kingdom’s Department for International Development (DFID) and the Bill and Melinda Gates Foundation (BMGF).
The workshop was sponsored by BMGF and attended by representatives from The International Finance Corporation (IFC), Khushhali Bank, FINCA Bank, Pakistan Telecommunication Authority (PTA), FinSurgents and various other players in the financial inclusion space.
Guest speakers from international promoters of financial inclusion, Women’s World Banking (WWB) and ideas42 shared global experience and learning from the financial inclusion of women.
Pakistani women constitute about 51 percent of the total population of the country but as per World Bank statistics, only 5 percent have a bank account.
“Fostering financial inclusion for women is a core and cross-cutting theme for Karandaaz Pakistan,” said Ali Sarfraz, CEO Karandaaz Pakistan, in his opening remarks. “If we have to make any tangible progress on the UN’s Sustainable Development Goals, Pakistan needs to act immediately to ensure women’s participation in the process of development.
One way to do that is to improve women’s access to financial services.”—NNI