C12 - Financial Inclusion of Women in Pakistan: Developing Gender-Responsive Financial Inclusion Models
- The Government
of Pakistan (GoP) should develop and review all policies from a gender
lens to ensure gender-responsive financial inclusion of women.
- The
GoP should work closely with all types of financial institutions for
inclusion of women in financial sector in Pakistan.
- It
is important to focus on facilitating Ease of Doing Business and move
towards interventions conducive for women at the micro (household) and macro
(policy) level. This includes investing in technology and adopting
technological solutions, especially with regards to e-Commerce and
digitalisation of payments to facilitate women in the business and finance
sector.
- Labor
and education policies should be revisited by the government to enhance
female employment numbers in various sectors. In this regard, investing in
female education and health would improve their general and financial
wellbeing in Pakistan.
- A
system-based approach and direct investment approach can be adopted more
rapidly to encourage female participation in the business sector.
- The
GoP should focus on long-term policies, programmes and interventions that
are at least for 10-15 years long as compared to five-year plans.
- There
should be better coordination between federal and provincial governments and institutions to develop
consensus on policy interventions and methods to enhance financial
inclusion of women in Pakistan.
- The
government should adopt evidence-based best practices from countries that
have successfully formulated and implemented gender-responsive financial
inclusion models and policies.
