An efficient financial system is an enabling structure critical to sustainable solutions for a more inclusive, equal and peaceful society. This is because financial inclusion is not just an end goal in itself but means to many ends. Recently, the Finance Minister of Pakistan and the Governor of State Bank of Pakistan chaired a meeting to discuss the first formal Financial Inclusion Strategy for Pakistan. Financial access is primarily defined by an adult having a transaction account. This account acts as a gateway to other financial services like credit and insurance that enable employment, entrepreneurial activities, investment in education and health, manage risk and better…
