Dar to launch national financial inclusion strategy


Karachi: The Finance Minister, Senator Mohammad Ishaq Dar will launch the Pakistan’s first ever National Financial Inclusion Strategy (NFIS)’ on Friday in Islamabad.

The Strategy has been agreed to at the national level following extensive consultation with stakeholders. It is being championed by State Bank of Pakistan (SBP), with shared leadership from the Ministry of Finance and 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 envisages three governance bodies, a 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.

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