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85% Pakistanis without a bank account, says Ikram Sehgal.

KARACHI -- At 'The Future Summit' conference in Karachi yesterday the role of Telcos in connecting organizations to push the nation forward, and bridging the poor to economic possibilities, was discussed Aamir Ibrahim, Chief Executive of Jazz Telecommunications, gave a keynote speech touching on subjects of interest, including development, digital transformation, and organizational culture's role in creating the workplace of the future before the panelists commented on the progress of corporate interests and how organizations were taking control of digital transformation to their advantage.

According to Aamir Ibrahim Telcos such as Jazz form the basis of mobile banking solutions set up which allow financial inclusion for the country's poor and unbanked population. He said these organizations are aware of the challenge and the role they play as part of a national struggle towards reducing the ever widening poverty gap. When Ikram Sehgal posed a question to Aamir Ibrahim, whether Telcossuch a JAZZ would cooperative with Imran Khan Govt's initiative about 'financial inclusion',Aamir Ibrahim gave a firm affirmative answer.

He said the Telcos were working with the SBP and PTA on the financial inclusion agenda. He said Telcos cooperation is needed to give refuge to the unbanked, not just for remittances, but actual banking services so they can get decent loans instead of going to loan sharks who exploit the masses with exorbitant rates and use of violent threats. Ikram Sehgal said, 'About 85% (170 million) of the population of Pakistan remain unbanked.

Every hurdle has not been overcome to launch the Asaan Mobile Account (AMA).' Ikram Sehgal said it was good to hear Aamir Ibrahim talking about giving it a priority, he hoped that this will not be rhetoric only.According to Ikram Sehgal 'we need more vigilant and responsive behaviour from our corporate executives, who need to join together not as a matter of Corporate Social Responsibility but National Social Responsibility. The cost of neglecting the obligation of including marginalized social groups into the new economy could have serious impacts bridging into the domain of hybrid threat, where multiple strands of a nation's critical structures are used against each other to foment destabilization.'

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Publication:The Messenger (Karachi, Pakistan)
Geographic Code:9PAKI
Date:Nov 15, 2018
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