KARACHI - State Bank of Pakistan unveiled ‘Access to Finance (A2F) Survey 2015’ results on Tuesday.
Governor SBP Ashraf Mahmood Wathra, while speaking at the launching ceremony, said that A2F is part of the National Financial Inclusion vision as it will serve dual purpose of gauging the impact of our financial inclusion initiatives since 2008, and providing baseline data for the National Financial Inclusion Strategy.
While addressing presidents/CEOs of banks and key stakeholders, Wathra shared that traditionally, one of the key challenges to access to finance has been the lack of demand side information which is necessary for understanding the barriers to financial inclusion. Without such information the market doesn’t have the insights and capacity to develop client centric products and services. He hoped that the survey will help all the stakeholders in understanding knowledge, attitude and practices of a common Pakistani when it comes to managing financial matters. On this occasion, André Oertel from M/s Horus Development Finance also made a detailed presentation sharing the findings of the report.
SBP initiated the Access to Finance (A2F) Survey 2015 to assess the state of financial access and usage in the country. This comprehensive country level study of more than 10,500 respondents was geared to measure and analyze the current and foreseeable demand for financial services in Pakistan.