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SBP has developed headline targets and policy measures...

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The Banking on Equality Policy was formulated after a detailed...

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SBP has addressed the gender gap in financial inclusion...

What is Banking on Equality Policy?

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Banking on Equality Policy is a landmark policy by State Bank of Pakistan (SBP), to reduce the gender gap in financial inclusion by bringing a shift towards women friendly business practices in the financial sector.

Women in Pakistan remain disproportionately under-served by the country’s financial system which is leading to a growing gender gap in financial inclusion. The growing gender gap has revealed that gender-neutral policies and practices of the financial sector, assumed to equally affect both genders, may not be effective against inherent gender inequalities, and will continue to create more obstacles in women’s financial inclusion. Cognizant of this, SBP has launched gender mainstreaming policy “Banking on Equality: Reducing the gender gap in financial inclusion” to enhance women’s financial inclusion.

Pillars and Measures

The Policy is based on five key pillars, which are essential to improve the financial sector’s orientation towards women and transgender segments, and make the financial sector more inclusive and gender sensitive...  More

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Policy Document
 

Targets

Under the policy, instructions have been issued to financial institutions to achieve the following targets by 2024, to improve women’s financial inclusion, and economic participation in the workforce:

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Increase women’s ratio in financial sector to 20% .

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Increase ratio of women branchless banking agents to 10%

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Increase outreach of women centric products & services, access and usage of accounts, and financing to women entrepreneurs to reach 20 million unique active digital accounts for women by 2023.
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Place Women Champions at 75% of all bank touch points.

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Impart gender sensitivity training to all staff members to improve elimination of implicit gender biases.

Policy Dialogues

Banking on Equality Policy was formulated after a detailed review of international best practices, stakeholder discussions, and careful understanding of Pakistan’s social landscape...  More

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More Initiatives

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Equal opportunities for both men and women for accessing and pursuing all financial and professional endeavors are essential for sustainable and inclusive economic growth in any country. Recognizing the importance of women’s empowerment and foreseeing it as tool for poverty alleviation, SBP has addressed the gender gap in financial inclusion in Pakistan’s financial sector through a range of policy measures and direct interventions....  More

Partnerships and Alliances


To know more or give feedback, please contact us at
gender@sbp.org.pk