Finance Minister Senator Mohammad Ishaq Dar chaired a meeting here on Thursday to review progress on the implementation of National Financial Inclusion Strategy (NFIS). The Finance minister was briefed on the progress made on various financial inclusion initiatives and allied indicators approved by the NFIS Council in September, 2016, says a press release issued here.

The Finance minister directed that all relevant stakeholders including NADRA, FBR, provincial governments, SBP and Ministry of Finance should work in close collaboration for increasing outreach and access of financial services to people across the country. He emphasised the need for adopting the latest technologies for enhancing financial inclusion in a more efficient manner. The Finance minister was informed that significant growth has been witnessed in the areas of branchless banking, agriculture credit, microfinance, SME finance and Islamic banking since the launch of NFIS in May 2015.

The Finance minister appreciated the efforts of all stakeholders involved in implementation of NFIS and for improving expansion of financial inclusion facilities in the country. The meeting was attended by senior officials of the Ministry of Finance.-PR

Copyright Business Recorder, 2016