Banking on Equality Policy is a landmark policy by State Bank of Pakistan (SBP), to reduce the gender gap in financial inclusion by bringing a shift towards women friendly business practices in the financial sector.
Women in Pakistan remain disproportionately under-served by the country’s financial system which is leading to a growing gender gap in financial inclusion. The growing gender gap has revealed that gender-neutral policies and practices of the financial sector, assumed to equally affect both genders, may not be effective against inherent gender inequalities, and will continue to create more obstacles in women’s financial inclusion. Cognizant of this, SBP has launched gender mainstreaming policy “Banking on Equality: Reducing the gender gap in financial inclusion” to enhance women’s financial inclusion.
The Policy is based on five key pillars, which are essential to improve the financial sector’s orientation towards women and transgender segments, and make the financial sector more inclusive and gender sensitive... More
Equal opportunities for both men and women for accessing and pursuing all financial and professional endeavors are essential for sustainable and inclusive economic growth in any country. Recognizing the importance of women’s empowerment and foreseeing it as tool for poverty alleviation, SBP has addressed the gender gap in financial inclusion in Pakistan’s financial sector through a range of policy measures and direct interventions.... More