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Thursday, October 19th, 2017

Finance Minister chairs meeting to review progress on implementation of National Financial Inclusion Strategy

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Islamabad, December 29, 2016 (PPI-OT):Finance Minister Senator Muhammad Ishaq Dar chaired a meeting here today to review progress on the implementation of National Financial Inclusion Strategy (NFIS). The Finance Minister was briefed on the progress made on various financial inclusion initiatives and allied indicators approved by the NFIS Council in September, 2016.

Finance Minister directed that all relevant stakeholders including NADRA, FBR, Provincial Governments, SBP and Ministry of Finance should work in close collaboration for increasing outreach and access of financial services to people across the country. He emphasized the need to adopt latest technologies for enhancing financial inclusion in a more efficient manner.

The Finance Minister was informed that significant growth has been witnessed in the areas of Branchless Banking, Agriculture credit, microfinance, SME Finance and Islamic Banking since the launch of NFIS in May 2015.Finance Minister appreciated the efforts of all stakeholders involved in implementation of NFIS and for improving expansion of financial inclusion facilities in the country. Meeting was attended by senior officials of Ministry of Finance.

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