KARACHI: Pakistan’s liquid foreign exchange reserves have slightly down by $38 million to $27.065 billion by week ended September 10, 2021 as compared with $27.103 billion a week ago, State Bank of Pakistan (SBP) said on Thursday.
The foreign exchange reserves maintained by commercial banks fell by $38 million to $7.042 billion by week ended September 10, 2021 as compared with $7.08 billion by week ended September 03, 2021.
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.
KARACHI: The State Bank of Pakistan (SBP) on Wednesday said with the rapid growth in adoption of electronic banking channels, especially amidst the COVID-19 pandemic, the demand from bank and customers for digital financial transactions have increased manifold.
