In parallel, SBP has been working on a host of new laws to develop adequate financial safety nets such as the Deposit Protection Scheme (to be discussed later in this paper) and Consumer Protection and financial crimes law. The sections below further outline the major areas of thrust of the financial sector reforms, but do not as yet cover the full reform agenda.
Financial Inclusion Program In Pakistan the level of financial exclusion is quite steep: only 17% of the population (30 million) has bank accounts and less than 4% (5.5 million) are borrowers. Moreover only 25% of the total bank deposits and 17% of the total borrowers are from rural areas.