Financial inclusion, the access and use of affordable financial services by all citizens, is an essential pillar of economic security and national stability. As more citizens gain a financial stake in the economy, they contribute to national development, peace, and prosperity. To strengthen its economy and ensure societal stability, Pakistan must expand the reach of its formal financial system.
Recent initiatives by the State Bank of Pakistan (SBP), including the simplification of account opening processes and the launch of the National Financial Inclusion Strategy (2024–28), aim to enhance inclusion from 64 per cent to 75 per cent by 2028. Other major steps include the Banking on Equality policy to increase women’s financial participation, and Vision 2028, which focuses on promoting innovation while ensuring consumer protection and stability.
However, many challenges remain. Women, rural, and low-income groups still face high barriers to access and trust in digital platforms remains low.
To examine these challenges, the Centre for Aerospace & Security Studies (CASS), Islamabad, organised a Roundtable Conference on “Financial Inclusion for Economic Security.” The session explored:
- Financial inclusion as a pillar of economic security
- Barriers for women and marginalised groups
Consumer protection and enabling policies
