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Women’s financial inclusion, digital empowerment vital to improve economy: President Alvi

President Dr. Arif Alvi says financial independence is imperative for women empowerment.

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Women’s financial inclusion, digital empowerment vital to improve economy: President Alvi
Women’s financial inclusion, digital empowerment vital to improve economy: President Alvi

Islamabad:  President Dr Arif Alvi Friday said that the inclusion of women in financial mainstream as well as their digital empowerment would bring economic stability besides many other intangible benefits to the society.

While addressing the launching ceremony of State Bank’s policy on “Banking on Equality” to ensure women’s financial inclusion, the president said that a financially independent women could not be exploited.

The event was attended by, First Lady Samina Alvi, parliamentarians, State Bank Governor Raza Baqir, SBP Deputy Governor Seema Kamil, CEOs of banks and financial institutions.

“The women’s financial inclusion would also significantly improve country’s GDP as women were more reliable handlers of the financial products as had also been experienced in Bangladesh as well as Pakistan,” Dr Arif said.

He further added that with the changing dynamics of the society marking minimizing needs of physical labor, the women could easily play their role in the society by using internet and other digital tools.

With the five pillars of diversity, inclusion, accessibility, transparency and leadership, the policy has set target of around 20 million women bank accounts by 2023. Currently, only 13% of the bank staff and 1% of branchless banking agents are women.

Under the policy, the financial institutions would be asked to ensure minimum 20% female participation in workforce by 2024.

He said a secure environment was inevitable for the women to make them play a productive role as the security of their children was always family’s top priority.

“It was also equally essential to teach the society on ethics and its responsibilities, exemplifying the Minar-e-Pakistan incident where the people opted to film the female harassment scene instead of forbidding the wrongdoers,” added President.

The president said it was unfortunate that Pakistan lagged behind in number of women bank account holders comparing other Muslim countries and appreciated the SBP’s target of 20 million women bank accounts by 2023 as proposed in the policy.

He also suggested that the number of women bank accounts could have a quantum jump if Ehsaas disbursements to all 17 million women was switched through banking channel instead of cash. It will also ensure women’s enhanced control over the money, he added.

Moreover, President Alvi urged the women parliamentarians to aware women about the loan amount specified by banks for women which currently remained under-utilized.

The president also reiterated his message for self-examination and early diagnosis of breast cancer as October would be observed as a month for awareness on the disease.

“Owing to delayed diagnosis, the mortality rate in Pakistan was 50%, comparing just 2% in the world,” President stressed.

COURTESY: APP

Mehak Javed

Mehak Javed is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Mehak Javed is nothing less than a Veteran Editor and has been writing for GNN for the past 8 months.

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‘Covid fourth wave’: Pakistan reports 1016 new cases, 28 deaths

Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than the previous three COVID waves.

According to National Command and Operations Center (NCOC), around 1,016 cases of coronavirus were reported while 28 people succumbed to the disease in the last 24 hours, taking the total death toll to 28,201.

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There are 34,372 coronavirus cases in the AJK while the death toll has reached 740. On the other hand, there are 10,361 cases in GB with 186 coronavirus deaths.

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There are 106,312 cases in the capital city while 935 people have lost their lives. 

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Pakistan

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As fourth wave continues, Pakistan reports over 1000 cases, 27 deaths

Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than the previous three COVID waves.

According to National Command and Operations Center (NCOC), around 1,086 cases of coronavirus were reported while 27 people succumbed to the disease in the last 24 hours, taking the total death toll to 28,228.

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Sindh

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There are 106,357 cases in the capital city while 936 people have lost their lives. 

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Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than the previous three COVID waves. Today, the daily positivity rate in-country is at 3.26%.

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34 more succumb to COVID-19 in Pakistan; 1,656 new cases emerge 

Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than the previous three COVID waves. Today, the daily positivity rate in-country is at 3.26%.

According to National Command and Operations Center (NCOC), around 1,656 cases of coronavirus were reported while 35 people succumbed to the disease in the last 24 hours, taking the total death toll to 27,785.

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Sindh

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