Digital Banking – Paving the Way for a Financially Inclusive Pakistan
Pakistan’s economy is now in a steady state of recovery from the unprecedented financial consequences of the COVID-19 pandemic. With encouraging developments on the horizon, the government has taken the lead and has been launching several micro-initiatives geared towards empowering the underserved and most vulnerable segments of the population, who have borne the brunt of the economic challenges posed by the pandemic in Pakistan.
To get a closer look at the role microfinance institutions are playing in rebuilding the economy and enhancing its positive influence over time, ProPakistani spoke with Ghazanfar Azzam – President & CEO of Mobilink Microfinance Bank, one of the most prominent players in the industry, about the programs, processes and operational initiatives that can help contribute to growth, prosperity and financial inclusion nationwide. Here is how the conversation went:
Construction and real estate and IT were the top sectors to attract the most number of businesspersons and entrepreneurs in May this year, according to data shared by the Securities and Exchange Commission of Pakistan (SECP). The construction and real estate sector took the lead with incorporation of 252 companies while companies in other sectors include: trading 247, IT 216, services 149, e-commerce 64 and food and beverages 59. Source: SECP “The government is taking keen interest in the construction sector,” said senior research analyst Ahmed Lakhani. “Cement and steel companies are doing well at the Pakistan Stock Exchange.” “The government’s Naya Pakistan Housing Scheme .
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