Women financial inclusion vital for economic growth, says Reza Baqir

While addressing an event, Governor SBP said that 50 percent of the country's asset base are concerned with women.

"We would not be doing justice as a country for our economic aspirations if we do not recognize that such sector of the society has to be supported," he added.

The event was organized by Sehat Kahani, a female lead tech-based telemedicine provider, which has benefited from SBP’s refinance and credit guarantee scheme for women entrepreneurs.

The central bank chief said that the SBP has launched a number of programs in order to increase female economic inclusion.

He further stated, "TheSBP has introduced a number of innovative measures including the launch of the Rozgar Payroll Financing Scheme, under the scheme loans which worths up to Rs. 250 billion".

Baqir also highlighted the launch of the Roshan Digital Account (RDA) for Overseas Pakistani, informing that over a hundred thousand overseas Pakistanis have opened the RDAs.

"The central bank has also launched that Raast payment system as a move to shift Pakistan's economy from cash-based to a digital-based economy," he concluded.