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The Securities and Exchange Commission of Pakistan Launches Policy Framework to Enhance Women Financial Inclusion
Source: Profit
The Securities and Exchange Commission of Pakistan (SECP) on Wednesday unveiled the Women Equality in Finance Policy Framework (WEFP) for Non-Bank Microfinance Companies (NBMFCs), to enhance women’s financial inclusion and strengthen their role in the financial ecosystem.
The policy framework mandates that in next five years 70 percent of all new clients onboarded by the NBFMCs shall be women, said a news release. To achieve this, NBMFCs will be encouraged to develop tailored financial products for women entrepreneurs.
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