The Asian Development Bank (ADB) and the Securities and Exchange Commission of Pakistan (SECP) conducted a two-day Training of Trainers (ToT) workshop on Dec 17-18, 2024, to enhance gender diversity in Non-Banking Microfinance Companies (NBMFCs). Representative of all NBMFCs regulated by SECP had attended this session. The initiative prioritized promoting gender inclusivity within organizations and enhancing services tailored to women, who constitute over 70% of the sector\u2019s clientele. <\/p>\n\n\n\n
The workshop trained participants to identify gender biases, implement inclusive policies, and tailor financial products for women, encouraging a customer-centric approach. SECP\u2019s Executive Director, Khalida Habib, highlighted the importance of the initiative, stating, \u201cThis workshop is a step forward in promoting gender diversity in Pakistan\u2019s financial ecosystem, equipping companies to address gender-related challenges and contribute to national goals of inclusion and equity.\u201d <\/p>\n\n\n\n
ADB\u2019s Deputy Country Director, Asad Aleem underscored ADB\u2019s commitment to gender equity, adding, \u201cGender diversity is vital for sustainable development. This collaboration reflects our shared vision of inclusive financial systems that empower women and drive economic resilience in Pakistan.\u201d <\/p>\n\n\n\n
In addition, an exclusive session on consumer protection was held on Dec 23, 2024, focusing on Consumer Protection Framework for NBMFCs and its link to the Women Equality in Finance Policy for NBMFC approved by SECP. This reinforced SECP\u2019s commitment to balancing gender equity with robust consumer safeguards. <\/p>\n\n\n\n
The ToT model ensures long-term impact by enabling participants to train other colleagues at NBMFC, amplifying the reach of this initiative. This collaboration demonstrates ADB\u2019s and SECP\u2019s dedication to empowering women and fostering inclusive growth in Pakistan\u2019s financial landscape. <\/p>\n\n\n\n