Yaseen Anwar: Microfinance developments in Pakistan Inaugural address by Mr Yaseen Anwar, Governor of the State Bank of Pakistan, at the 5th Pakistan Microfinance Country Forum, Karachi, 2 December 2011. *  *  *  Distinguished Speakers, Guests, Ladies and Gentlemen! I am delighted to be invited to the 5th Pakistan Microfinance Country Forum.
Microfinance in Pakistan has made good progress but must make major breakthroughs to reach millions of underserved people who require a wide variety of financial services. Pakistan has one of the lowest financial penetration levels in the World with 56% of the adult population totally excluded, and another 32% informally served.