Thursday
March 7
2019

Pakistan’s financial inclusion strategy to create 3 million jobs in five years, says finance minister

The government is fully committed to improving the livelihood of Pakistanis through job creation, promoting entrepreneurship and enhancing access to formal financial services in an efficient and affordable manner, emphasised Finance Minister Asad Umar.

Chairing the sixth meeting of the National Financial Inclusion Strategy (NFIS) Council on Tuesday, Umar said the government gave priority to NFIS as part of efforts to achieve inclusive economic growth in some areas.

These areas include digitalisation of government payments, enhanced access to finance and deposit base, promotion of small and medium enterprises (SMEs), easy and affordable access to financing for farmers, facilitation for low-cost housing finance and provision of Shariah-compliant banking solutions.

Photo courtesy of Market Development Facility.

Source: The Express Tribune (link opens in a new window)

Categories
Finance
Tags
financial inclusion, financial services, jobs, unbanked