Pakistan’s financial inclusion jumps to 67% as macroeconomic stability returns — SBP chief

Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), addresses a press conference in Karachi, Pakistan, on January 27, 2025. (REUTERS/File)
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Updated 09 October 2025
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Pakistan’s financial inclusion jumps to 67% as macroeconomic stability returns — SBP chief

  • Governor Jameel Ahmed says gender gap in financial access has narrowed to 30% in Pakistan
  • He urges microfinance institutions to strengthen risk management, adopt digital credit tools

KARACHI: Pakistan’s financial inclusion rate has risen to 67% in 2025 from 47% in 2018, the top central bank official said on Thursday, crediting digital innovation and policy reforms for expanding access to financial services.

The rise comes as the government and the State Bank of Pakistan (SBP) have stepped up efforts to strengthen microfinance and digital banking amid a period of relative macroeconomic stability. Officials have also urged the public to use formal banking channels and digital platforms to help build resilience in the financial system.

“Governor Jameel Ahmad highlighted that the financial inclusion rose from 47% in 2018 to 67% in June 2025 while the gender gap in financial access narrowed from 47% to 30% over the same period,” the central bank said in a statement issued after his speech to the ninth Annual Microfinance Conference in Karachi.

“Governor Ahmad assured that the State Bank remains fully committed to working alongside the microfinance industry to strengthen resilience, safeguard customers and expand outreach,” it added.

The top SBP official told the conference that Pakistan’s economic recovery was gathering pace after tough policy measures helped stabilize inflation and foreign exchange reserves. He said inflation had declined sharply and was expected to stay within the government’s 5-7% target range over the medium term.

Ahmed also noted that foreign exchange reserves were now five times higher than in February 2023, reflecting “strategic interbank purchases” that helped the government meet debt repayments without excessive borrowing.

He outlined new principle-based regulations for microfinance banks, allowing greater flexibility and higher lending limits of up to Rs5 million ($17,500) for agriculture, microenterprise and housing loans, and Rs500,000 ($1,750) for general loans.

Ahmad urged microfinance institutions to adopt stronger risk management, enhance liquidity buffers, and use digital tools for credit scoring to prevent fraud and maintain sustainability.

“Together, we can ensure that microfinance continues to play its vital role in fostering inclusive, resilient, and sustainable growth,” he said.


Pakistan police repel militant attack on Bannu checkpoint, five officers injured

Updated 12 December 2025
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Pakistan police repel militant attack on Bannu checkpoint, five officers injured

  • Police say several attackers killed or wounded in overnight assault in northwest Pakistan
  • Incident comes amid surge in militant attacks Pakistan blames on Afghanistan-based groups

ISLAMABAD: Pakistani police said on Friday they repelled an overnight militant attack on a checkpoint in the northwestern district of Bannu, injuring five officers in an area that has seen a sharp rise in militant violence in recent years.

The attack took place late at night at the Sheikh Landak check post, located within the limits of Huweid police station in Bannu, a district of Khyber Pakhtunkhwa province near the Afghan border. Police said officers responded swiftly, preventing the attackers from overrunning the post.

Militant attacks in Pakistan have surged since 2021, particularly in Khyber Pakhtunkhwa and southwestern Balochistan, with security forces frequently targeted. Islamabad says the violence is largely driven by groups it refers to as Fitna Al-Khawarij, a term Pakistani authorities use for militants they say are linked primarily to the Pakistani Taliban and allied factions operating from across the border in Afghanistan. Pakistan has also accused India of backing militant networks involved in attacks, allegations New Delhi denies.

“Late at night, terrorists of Fitna Al-Khawarij carried out a cowardly attack on Sheikh Landak check post,” police said in a statement, adding that officers “displayed full courage, bravery and a timely response, successfully foiling the attack.” 

Police said effective retaliatory fire caused “heavy human and material losses” to the attackers, with reports of several militants killed or wounded.

Five police personnel sustained minor injuries during the exchange and were immediately shifted to hospital for treatment, where they are receiving medical care, the statement said.

Following the attack, additional police units were deployed to the area and a search operation was launched to locate any remaining attackers.

Pakistan has repeatedly accused Afghanistan’s Taliban-led government of failing to prevent militant groups from using Afghan territory to launch attacks inside Pakistan. Kabul denies the allegation, saying it does not allow its soil to be used against any country. 

The accusations have added to tensions between the two neighbors, who have also seen periodic border clashes over the past year.