KARACHI: Federal Finance Minister, Senator Muhammad Ishaq Dar will launch Pakistan’s first ever national financial inclusion strategy (NFIS) on Friday in Islamabad.
State Bank of Pakistan (SBP) statement here on Thursday said the strategy has been agreed upon at the national level following extensive consultation with stakeholders.
It is being organised by State Bank in collaboration with the Ministry of Finance and Securities and Exchange Commission (SECP). Pakistan has developed its first-ever national financial inclusion strategy to build momentum and push forward reforms to achieve universal financial inclusion in an integrated and sustained manner. The strategy has created a national vision for universal financial inclusion in Pakistan.
A national coordination platform for all stakeholders from both public and private sectors has also been set up for implementation of the reforms and various initiatives for financial inclusion under the strategy.
The NFIS coordination structure includes three governance bodies : NFIS council, NFIS steering committee and various technical committees.
The NFIS council is chaired by the Federal Finance Minister to oversee the implementation of NFIS. The council had its first meeting in April 2015 to adopt the strategy.