State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that macroeconomic indicators of the country have improved notably and collaborations among microfinance institutions play a vital role in driving financial inclusion and empowering individuals and businesses across the country.
He was speaking at an event where ABHI and TPL Corp announced the launch of ABHI Microfinance Bank through the renaming of Finca Microfinance Bank after the acquisition of its stake.
The governor stated, "This acquisition marks a significant step towards strengthening Pakistan's financial ecosystem and expanding access to credit for unserved and underserved communities."
This strategic collaboration, approved by the SBP and the Competition Commission of Pakistan, represents a significant step towards redefining financial inclusion in the country.
The event brought together international investors, industry leaders, financial experts and key stakeholders late on Wednesday night. The gathering served as a platform to highlight the collective vision of the three entities in transforming Pakistan's financial landscape.
A major highlight was the unveiling of the official logo of ABHI Microfinance Bank, symbolising a new era of financial empowerment and inclusion. The launch reflects the bank's commitment to leveraging technology and partnerships to provide accessible, innovative financial solutions tailored to Pakistan's evolving needs.
The event featured insightful discussions on the future of microfinance, digital banking and financial accessibility.
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