Home Press Release RCCI Demands 40pc Female Representation in Financial Institutions

RCCI Demands 40pc Female Representation in Financial Institutions

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In a roundtable meeting conducted by Fair Finance Pakistan, it was concluded that women should hold at least 40pc participation in financial institutions and they should have equal opportunity as men in attaining senior-level positions. Over 50 members of the Rawalpindi Chamber of Commerce and Industries (RCCI) took part in the meeting. This included the deputy chief from the State Bank of Pakistan along with seniors from Pakistan leading commercial banks such as Habib Bank Limited, UBL, National Bank of Pakistan, Askari Bank, Meezan Bank, Faysal Bank, Bank of Punjab, and First Women Bank of Pakistan.

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The conference made recommendations to empower women in banking roles. These demands will be forwarded to the Prime Minister of Pakistan, Governor of State Bank, Finance Minister, and Chairperson SECP so that rightful action can take place. RCCI President, Nasir Mirza made a commitment during the meeting to represent the business community and give them an environment in which they can nurture their business.

Fair Finance Pakistan also presented an analysis of the status of financial inclusion in Pakistan in the findings “Strengthening Sustainable Finance in Pakistan: A scoping review towards institutionalizing Fair Finance Pakistan” written by Dr. Abid Aman Burki from LUMS. The study shows that financial inclusion in Pakistan stands at 21pc only which is far from the goal of the central bank which was 50pc in 2020.

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