KARACHI: The State Bank of Pakistan introduced a comprehensive policy to enhance the financial inclusion of Persons with Disabilities (PWDs) on Monday. President of Pakistan Dr Arif Alvi as chief guest launched the policy.
This policy initiative aims at improving financial independence for PWDs by improving access to banking services as well as providing opportunities to contribute as bank employees.
The policy has been developed in collaboration with banks and NGOs dedicated to improving the lives of PWDs. In this context, SBP’s instructions now require the board of directors of banks to approve a policy and strategy framework for the financial inclusion of PWDs, while management will ensure its implementation.
Under the policy framework, banks will offer products and services catering to the special needs of all categories of PWDs including the physically handicapped, visually impaired and those with hearing and speech disabilities.