I sincerely hope that this first issuance of TFC by Tameer Bank would open up new funding avenues for microfinance providers and would give further impetus to our efforts in promoting an inclusive financial sector in the country, thereby enhancing the financial sector’s stability and viability in the long-run. The importance of financial services in the development of any economy cannot be overemphasized.
There is no denial of the fact that access to finance has positive impact on economic growth as it promotes entrepreneurship, generates employment, fosters innovation, reduces poverty levels and enhances social equality. The financial sector in Pakistan remains restricted in its outreach both in terms of its depth and breadth.