Thread by @GallupPak

Looking at the World Bank’s data, it can be inferred that access to finance is very low within Pakistan’s business community and concrete steps are required to improve their connectivity with the financial system.
#AccesstoFinance #A2F @KarandaazPK
Link: karandaaz.com.pk/blog/businesse…

For making relevant policy interventions access to quality demand and supply data is imperative. Currently, all data points with respect to businesses are significantly dated. Economic Census Pakistan was conducted in 2005 and World Bank Survey in 2013.

karandaaz.com.pk/blog/businesse…

An SME Survey may also be considered by the government through public private partnership or the relevant questions may be added in the relevant PBS surveys.
#AccesstoFinance #A2F @KarandaazPK
Link: karandaaz.com.pk/blog/businesse…

The SME surveys should address the following:
i) financial access behaviour & major impediments
ii) alternative financial arrangements
iii) behavioural change strategies to convince domestic businesses to adopt formal financial services
#A2F @KarandaazPK
karandaaz.com.pk/blog/businesse…

Access to finance for Women owned businesses needs special attention with policies that are tailored to facilitate female entrepreneurs of Pakistan.
#AccesstoFinance #A2F @KarandaazPK
Read in detail: karandaaz.com.pk/blog/businesse…

Businesses should be made aware of the recently launched digital Secured Transactions Registry (STR) which allows financial institutions to record charges or security interests created by unincorporated entities or individuals on their movable assets.
karandaaz.com.pk/blog/businesse…

Facilitating Innovative credit scoring model and use of non-financial data will help in facilitating businesses that do not have an established credit history with formal financial system.
#AccesstoFinance #A2F @KarandaazPK
Read in detail: karandaaz.com.pk/blog/businesse…