Such a development, in turn, would shift the relationship between housing equity (which 2 / 12  BIS central bankers' speeches  remained solidly positive in the aggregate) and consumer spending for the economy as a whole. Such a shift in an aggregate relationship would be difficult to understand or predict without using disaggregated data and models.
Given the complexities and challenges of limited financial access in the country, State Bank of Pakistan has adopted a multi-pronged and long-term strategy to address financial exclusion through structured policy & regulatory actions, and market-development interventions. Our program initiatives have been catalysing the market developments and fostering market ecosystem to especially promote innovative ways of doing banking business.