Pakistan’s Financial Inclusion Index improves from 58.1 in 2024, driven by stronger digital payments, account access and financial literacy.

The State Bank of Pakistan (SBP) has released the results of the Pakistan Financial Inclusion Index (P-FII) for calendar year 2025, showing continued improvement in financial inclusion across the country.

According to the central bank, the P-FII rose to 59.5 in 2025, compared with 58.1 in 2024, reflecting broader access to financial services and increased use of formal financial channels.

The improvement was primarily driven by substantial growth in the Usage sub-index, followed by gains in the Access and Quality sub-indices.

The SBP said the positive performance reflects progress in implementing digital initiatives under the National Financial Inclusion Strategy (NFIS) 2024–28.

Digital initiatives support financial inclusion

Among the key drivers of the improvement was the expansion of the RAAST merchant onboarding and digital payment ecosystem, which has supported greater adoption of digital transactions.

The introduction of digital banks and initiatives to encourage account opening also contributed to the rise in the index by bringing more people into the formal financial system.

The central bank said these developments were further supported by a stronger focus on consumer orientation and financial literacy, helping improve awareness and usage of financial services.

The latest P-FII reading indicates continued progress towards the objectives of the NFIS 2024–28, particularly through digital financial services and wider participation in the formal financial system.

The index provides a comprehensive measure of financial inclusion in Pakistan by tracking developments across access to financial services, their usage and the quality of financial products and services available to consumers.