On the other hand, the central bank has been steering a broad-based policy framework for promoting inclusive financial development. The principle thrust of the approaches and programs designed has been to shift emphasis from directed and subsidized credit to adopting best practices and market based approaches to promoting private sector in financial inclusion.
Meanwhile, public expenditure is supporting selective and targeted interventions to stimulate and catalyze action and nurture institutions which leverage public: private partnerships to improve access to financial services for poor. Most prominent e.g. is the support for the Pakistan Poverty Alleviation Fund (PPAF) and the National Rural Support Program and the recent President’s Rozgar Scheme that offers credit to nations young and unemployed.