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Overview of Financial Inclusion in Pakistan

Author

Listed:
  • Muhammad Subtain Raza
  • Muhammad Fayyaz
  • Nida Syed

Abstract

Inclusive growth is doable only by involving all financial stakeholders and channelizing all the resources in coherent ways. Financial inclusion is a novel approach which equip with different techniques to promote the financial accession and ultimately ensure financial progression for masses. Pakistan is considered as one of the largest rural communities based country in the world. Financial inclusion has targeted approach to provide banking and financial services to all people in a fair, lucent and evenhanded manner at reasonable cost. This paper is an endeavor to portray financial inclusion in Pakistan. This paper covers the basic concepts of financial inclusion, literature, current status and facts, initiatives of Pakistan in connection to financial inclusion, comparative analysis with main South Asian countries. Lastly it suggests some practical recommendations.

Suggested Citation

  • Muhammad Subtain Raza & Muhammad Fayyaz & Nida Syed, 2015. "Overview of Financial Inclusion in Pakistan," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 6(12), pages 572-581.
    • Handle: RePEc:rss:jnljms:v6i12p3
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    References listed on IDEAS

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    1. Ardic, Oya Pinar & Heimann, Maximilien & Mylenko, Nataliya, 2011. "Access to financial services and the financial inclusion agenda around the world : a cross-country analysis with a new data set," Policy Research Working Paper Series 5537, The World Bank.
    2. World Bank, 2015. "The Little Data Book on Financial Development 2015/2016," World Bank Publications - Books, The World Bank Group, number 22553, December.
    3. World Bank, 2015. "The Little Data Book on Financial Inclusion 2015," World Bank Publications - Books, The World Bank Group, number 21636, December.
    4. World Bank, 2015. "The Little Data Book 2015," World Bank Publications - Books, The World Bank Group, number 21635, December.
    5. Michael Chibba, 2009. "Financial Inclusion, Poverty Reduction and the Millennium Development Goals," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 21(2), pages 213-230, April.
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