Pakistan has long struggled with low levels of financial inclusion, with only a small fraction of the population having access to formal financial services. According to the World Bank’s Global Findex, for 2021, just 21% of adults in Pakistan are
The Licensing and Regulatory Framework for Digital Banks unveiled by the State Bank of Pakistan (SBP) in January 2022 not only heralds a firm resolution by the central bank to shake up Pakistan’s banking industry
Over the years a number of policy measures have been designed and implemented to improve the proportion of financially included Pakistanis and expand the uptake of formal financial services. However, from the demand side perspective data reveals that there is
With a vision statement of “financially included, economically empowered Pakistanis” Karandaaz Pakistan, through all of its four verticals i.e., Capital, Digital, Innovation and Research; is working to develop and promote an all-inclusive and a conducive financial environment and accords great importance to equal provision of financial services to women.