Pakistan’s Financial Inclusion Index (P-FII), launched on 31 December by State Bank of Pakistan (SBP), will serve as a core policy tool for monitoring progress of SBP’s financial inclusion initiatives. 

Developed through extensive stakeholder consultation and in line with international best practice, the P-FII provides a 360° analysis of financial inclusion under three main dimensions of Access, Usage and Quality. The tool tracks 69 indicators reflecting banking, non-banking and payment services provided by banks and financial institutions. Each indicator is benchmarked against a defined target value, that represents SBP’s projected outcome for 2030. 

The overall financial inclusion rate for 2024 stands at 58.1, up from 54.8% in 2023, with the three sub-indices of Access, Usage and Quality recorded at 72.3, 62.5 and 43.9 respectively. 

The development of P-FII reflects SBP’s commitment to ensure informed and evidence-based policymaking. Going forward, SBP intends to disseminate the P-FII results on an annual basis, and to use the Index as a core policy tool to monitor progress on financial inclusion initiatives.  

You can learn more about the P-FII on the SBP website.