KARACHI: Financial inclusion, i.e the share of the adult population operating a bank account, has jumped from 16 per cent in 2015 to 64pc in 2023, according to the State Bank of Pakistan (SBP).

Since 2015, SBP has implemented two National Financial Inclusion strategies (NFIS), 2015-18 and 2019-23, with the goal to improve access and usage of formal financial services by the masses.

In the NFIS report, issued on Monday with a number of targets set for 2024-28, the central bank said: “As a result, financial inclusion level, broadly defined as the share of adult population having a bank account, has jumped from 16 per cent in 2015 to 64 per cent in 2023,” said the report.

Moreover, in order to catalyse inclusive economic growth and development in the country, specific actions have........

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