Dr. Alvi to launch policy to reduce banking gender gap

Dr. Alvi to launch policy to reduce banking gender gap

KARACHI: State Bank of Pakistan (SBP) on Thursday said that President of Pakistan Dr. Arif Alvi will launch a policy to reduce gender gap in financial inclusion on September 17, 2021, at 11:00 am.

Banking on Equality policy is SBP’s flagship policy initiative for reducing the gender gap in financial inclusion. The policy with its tagline ‘Mali Shamooliat – Sinifi Imtiaz key Bagher’ aims to transform the banking sector in the adoption of women-friendly business policies and practices. The policy has an overarching theme of improving women’s access to financial services and specifies the following key pillars:

— Gender diversity in financial institutions and access points to encourage women towards formal financial services.

— Women-centric products that cater to women‘s financial needs specifically while increasing financial literacy and awareness about women-centric product offerings.

— Women’s champions and specialized resources at all customer touchpoints for a better customer experience.

— Robust collection of gender-disaggregated data and target setting for informed policy interventions and post-launch monitoring & evaluation.

— Policy forum on gender and finance to prioritize women’s financial inclusion, drive the agenda forward, and increase buy-in from multiple stakeholders for added momentum.

The Policy has been developed after having extensive consultation with relevant stakeholders including domestic as well as international institutions, thought leaders and gender experts.

The policy launch will be broadcast live on SBP’s Facebook page. Please follow SBP’s official (https://www.facebook.com/StateBankPakistan), Twitter handle (@StateBank_Pak) and YouTube channel to stay updated.

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