For the first time in history, National Financial Inclusion Strategy approved by PM Khan
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ISLAMABAD - Pakistan first ever National Financial Inclusion Strategy has been approved by Prime Minister Imran Khan.
PM Khan on Thursday approved a 5-year plan for enhanced National Financial Inclusion Strategy (NFIS) during a meeting held at the PM’s Office.
The meeting was attended by Minister for Finance Asad Umar, Adviser to the Prime Minister Dr Ishrat Hussain, finance secretary Arif Ahmed Khan, State Bank of Pakistan (SBP) Governor Tariq Bajwa and other senior government officials.
The National Financial Inclusion Strategy (NFIS) lays out the national vision, framework, action plan and targets for financial inclusion in the country.
The prime minister was informed that Pakistan had one of the lowest levels of financial inclusion until 2015 as only 16 percent of adult population had a bank account. The account ownership was even lower for women at 11 percent.
Besides, a large number of population remained voluntarily excluded due to their religious and other concerns.
