Access to banking is a fundamental right: SBP

KARACHI: State Bank of Pakistan Governor Jameel Ahmad has said that access to financial services is a fundamental right of the people. He was delivering a keynote address at the inaugural event of Pakistan Financial Literacy Week (PFLW) on Monday at the SBP. The theme for the week is ‘Digital Bankari – fori aur asaan’. The event was attended by presidents and CEOs of commercial banks, senior officials from the World Bank, Alliance for Financial Inclusion and other stakeholders. He said that SBP fully recognises access to financial services as a fundamental right, and SBP’s mission is to empower every citizen by providing them with the tools and knowledge needed to participate fully in the economy. The governor said that an inclusive financial sector is not only important for the overall growth of the banking industry but also augments monetary policy transmission channels and increases its effectiveness.