Financial Inclusion













 Financial Literacy & Capacity Building:

Pakistan has a population that is in excess of 180 million people. However, penetration in the financial sector is extremely low, with only 2.4% of the population having access to credit from formal financial sources. Out of the total adult population of Pakistan, the financially excluded population make up 53%. One of the major reasons for why large portion of population is unbanked is the lack of awareness of financial products and their usage. A large portion of population also lacks basic money and financial management skill. The concepts of budgeting, investing savings etc are novel for them.

National Financial Literacy Program


State Bank of Pakistan launched the Pakistan’s first ever Nationwide Financial Literacy Program (NFLP) on 20th January 2012 to promote financial inclusion through spreading financial education for inclusive economic growth and stability across the country. The Program intends to target middle income households and youth through building partnerships with education institutions in a phased manner. The program envisions educating around 0.5 million low income households in first phase.  The key objectives of the program are:
  • Imparting knowledge and understanding of, financial concepts, banking/financial products and services.

  • Develop skills and attitudes towards budgeting, savings, investment, debt management, financial negotiation, rights and obligations, etc.

  • Facilitate behavioral changes and practices to improve financial outcomes; including financial well being through increased savings, improved debt management, perceived financial stress or satisfaction  

More Details :
www.financialeducation.pk





Demand Side Statistics
Percentage of Adult population:
A2FS
2015
A2FS
2008
A. Banked
16%
11%
B. Other formal
7%
1%
Formally Served (A+B)
23% 12%
C. Informally Served
24%
32%
Financially Served (A+B+C)
47% 44%
Financially Excluded
53% 56%
 Source: Access to Finance  Survey, 2015

Supply Side Statistics

May 31, 2016
 Number
 of Banks

54
 Number of
 Branches
13,134
 ATMs
12,000
 POS
44,000
 BB Agents
310,000
 Total No. of
 Accounts
43,000,000
 Total No. of
 Borrowers
7,000,000
 Source: SBP

       
Home
About SBP
Publications
Economic Data
Press Releases
Circulars/Notifications
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
SBP Welfare Trust
Contact us
What's New?
Speeches
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Library
Rupey ko Pehchano
Events
Zahid Husain Memorial Lecture
Careers
Sitemap
 
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.