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Friday, January 17, 2025

ADB, SECP Collaborate for Gender Diversity in Non-Banking Sector

Islamabad (TDI): The Asian Development Bank (ADB) and the Securities and Exchange Commission of Pakistan (SECP) conducted a two-day Training of Trainers workshop to enhance gender diversity in Non-Banking Microfinance Companies (NBMFCs).

Representative of all NBMFCs regulated by SECP attended the event.

The initiative prioritized promoting gender inclusivity within organizations and boosting services tailored to women, who constitute over 70% of the sector’s clientele.

The workshop trained the attendees to identify gender biases, adopt inclusive policies and tailor financial products for women, encouraging a customer-centric approach.

Also Read: Pakistan Signs $200M Loan Agreement with ADB

SECP’s Executive Director, Khalida Habib, underlined the significance of the initiative, saying, “This workshop is a measure towards promoting gender diversity in the country’s financial ecosystem, equipping companies to address gender-related problems and contribute to national goals of inclusion and equity.”

Also Read: ADB Approves $330 Mln, 16 More Projects for Pakistan

ADB’s Deputy Country Director, Asad Aleem, highlighted the bank’s commitment to gender equity, sating, “Gender diversity is crucial for sustainable development. This collaboration reflects our common vision of inclusive financial systems that empower women and push economic resilience in Pakistan.”

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