No Result
View All Result
Tuesday, July 15, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    Dua-e-Khadija during Miss Global Pakistan 2025 (Image: Instagram/misspakistanglobal)

    Dua-e-Khadija from Peshawar wins Miss Global Pakistan 2025 crown

    Mohan Raj

    Video: Stunt artist Mohan Raj dies during car stunt for film

    Kahiin to hoga

    Why did Rajeev Khandelwal quit Kahiin To Hoga at the peak of his fame?

    Humaira Asghar

    Was Humaira Asghar murdered? Police probe unfolds with new findings

    (File Photo)

    Fiza Ali criticized for using Humaira Asghar’s death to gain views

    Son of Sardaar 2

    Ajay Devgn returns with laughter in ‘Son of Sardaar 2’ trailer

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    Dua-e-Khadija during Miss Global Pakistan 2025 (Image: Instagram/misspakistanglobal)

    Dua-e-Khadija from Peshawar wins Miss Global Pakistan 2025 crown

    Mohan Raj

    Video: Stunt artist Mohan Raj dies during car stunt for film

    Kahiin to hoga

    Why did Rajeev Khandelwal quit Kahiin To Hoga at the peak of his fame?

    Humaira Asghar

    Was Humaira Asghar murdered? Police probe unfolds with new findings

    (File Photo)

    Fiza Ali criticized for using Humaira Asghar’s death to gain views

    Son of Sardaar 2

    Ajay Devgn returns with laughter in ‘Son of Sardaar 2’ trailer

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

Governor SBP, Queen Maxima discuss financial inclusion

Kumail Soomro by Kumail Soomro
November 27, 2019
Governor SBP
ISLAMABAD: Queen Maxima of the Netherlands in her role as the UN Secretary General’s Special Advocate for Inclusive Finance for Development (UNSGSA) called on Governor State Bank of Pakistan Dr Reza Baqir.
They discussed how inclusive financial technology (fintech) and digital finance represent a great opportunity to improve people’s financial lives, while noting it is important to consider and mitigate risks associated with it.
At the outset of the meeting, SBP Governor highlighted the central bank’s initiatives, commitment and achievements for increasing financial inclusion under National Financial Inclusion Strategy (NFIS) 2023.
The governor also shared with the UNSGSA, the high impact development initiatives including gender mainstreaming in financial inclusion, creation of Innovation Office within the central bank, establishment of Micro Payment Gateway (MPG) and regulatory framework for fintechs.
The governor said that SBP, being mindful of the rising gender gap in access and usage of financial services in Pakistan, has decided to launch a policy to reduce the gender gap in financial inclusion.
Accordingly, the governor presented the draft policy on gender mainstreaming to the UNSGSA, which aims to introduce a gender lens within the financial sector through identified pillars and specific measures.
Governor Baqir also deliberated that SBP is exploring ways to encourage innovation for financial inclusion through fintech by creating an Innovation Office at SBP. 
 The governor, while appreciating the UNSGSA for her efforts to promote financial inclusion globally, invited her to share her views on both the SBP initiatives of policy for reducing gender gap in financial inclusion and innovation office. 
Speaking on the occasion, UNSGSA Queen Maxima remarked that she was very happy to return to Pakistan and valued the discussion with State Bank on financial inclusion. 
She appreciated the progress made by SBP and Pakistan with respect to financial inclusion while focusing on gender mainstreaming and digital financial services.
She pointed out that Pakistan is in good position for a boost in technology-enabled financial inclusion and that in the last five years, Pakistan’s start-up tech and fintech ecosystems have made some notable progress with improving their supporting networks.
The UNSGSA mentioned it could be helpful to establish a pro-poor gateway for the wider acceptance of micro-payment methods, introducing consumers to micro-payments on a large scale. She was supportive of the steps taken by SBP to create a micro-payment gateway in 2020.
She added that while resolving technical issues are important, it is more challenging to encourage people in engaging with digital modes of payment.
She further emphasised that in this regard inclusion of new players is important, whereby they should not only be competing but participating to expand the delivery of services as well. 
Both agreed to continue sharing ideas and follow up on agreed tasks for promoting financial inclusion. The governor thanked Queen Maxima for personal commitment and pushing forward the agenda of financial inclusion as a means for achieving inclusive development.
Tags: financial inclusionfintechGovernorQueen MaximaSBP
ShareTweetSendShare
Previous Post

Finance adviser briefs Queen Maxima on economy

Next Post

Steve Smith hopes to not get dismissed by Yasir Shah again

Related Stories

gold image
Business & Stock

Gold price gains Rs1,600 per tola

July 14, 2025
(File Photo)
Business & Stock

PSX crosses 136,000 milestone with over 2200 points rally

July 14, 2025
file photo
Business & Stock

Over Rs. 6.50 per litre increase likely in petroleum prices from July 16

July 14, 2025
file photo
Business & Stock

Bitcoin reaches all-time high of $120,000

July 14, 2025
file photo
Business & Stock

UAE Dirham to PKR rates today- July 14, 2025

July 14, 2025
representative image
Business & Stock

Price updates for gold and oil in the global market

July 14, 2025
representative image
Business & Stock

Saudi Riyal to PKR rates today- 14 July 2025

July 14, 2025
file photo
Business & Stock

PSX continues bullish trend, crosses 135,000 points limit

July 14, 2025
Representative image
Business & Stock

Forex rates in Pakistan today- 14 July 2025

July 14, 2025
representative image
Business & Stock

Latest gold prices in Pakistan today- 14 July 2025

July 14, 2025
Next Post
steve smith

Steve Smith hopes to not get dismissed by Yasir Shah again

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

Kunhar River (File Photo)
National

Mansehra youth miraculously survives 18 hours after drowning in Kunhar River

by MM News Staff
July 14, 2025
(Pakistan Maritime Security Agency (PMSA))
Crime

500 kg drugs seized in joint operation by Pakistan Navy, PMSA, other agencies

by MM News Staff
July 14, 2025
Korangi Causeway Road (File Photo)
Top News

Korangi Causeway road will be closed upon completion of Malir Expressway: CM Sindh

by MM News Staff
July 14, 2025
National

Goods transporters join traders, announce nationwide wheel-jam strike on July 19

by MM News Staff
July 14, 2025
Karachi’s Jinnah International Airport
National

Nearly half a million Pakistanis left for overseas employment in first half of 2025

by MM News Staff
July 14, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Image: Online
Weather

Parts of Punjab including Lahore receive heavy monsoon rains

by MM News Staff
July 14, 2025

A fresh spell of monsoon rains has lashed several parts of Punjab last night,...

File photo

PMD forecasts date for next monsoon spell in Karachi

July 12, 2025
file photo

Flood warning issued as heavy rain expected in parts of Pakistan from July 13-17

July 11, 2025
File photo

Monsoon rain-related incidents claim 87 lives across Pakistan: NDMA

July 10, 2025
See all

Prices

(Representational Image)
National

Govt to replace net metering with gross metering, slash buyback rate

by MM News Staff
July 14, 2025

The government have worked out a new buyback rate for electricity generated by solar...

representative image

Latest gold prices in Pakistan today- 14 July 2025

July 14, 2025
Fawad Hasan Fawad

Fawad Hasan Fawad questions govt’s $300m sugar import decision

July 13, 2025
(Toyota Indus Motor Company)

Toyota raises car prices in Pakistan: Check out new rates

July 13, 2025
See all

Transport News

Korangi Causeway Road (File Photo)
Top News

Korangi Causeway road will be closed upon completion of Malir Expressway: CM Sindh

by MM News Staff
July 14, 2025

Sindh Chief Minister Syed Murad Ali Shah has announced that Korangi Causeway Road will...

Goods transporters join traders, announce nationwide wheel-jam strike on July 19

July 14, 2025
File photo

Pakistan Railways to launch business train between Karachi and Lahore

July 14, 2025
representative image

How to buy a motorcycle under Punjab’s interest-free installment scheme

July 14, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.