Impact of SBP’s Banking on Equality Policy on Women Empowerment

Abstract

The study aimed to investigate the impact of SBP’s banking on equality policy on women’s empowerment in Pakistan. Financial inclusion initiatives, access to credit, gender-specific programs, financial literacy programs, and access to financial services served as the independent variables to represent SBP’s banking on equality policy. Women’s empowerment was considered as the dependent variable. Individual women from Pakistan were the study’s targeted audience for exploring the connections between the aforementioned variables. Current study has used quantitative research design, as it was based on primary data. A questionnaire was distributed to 180 participants (individual women from Pakistan) to collect data and establish the relationship between the research variables. Data collected from respondents was analyzed using SPSS software with the help of statistical tests (correlation and regression analysis). Findings of correlation and regression analysis have proved the positive impact of SBP’s banking on equality policy (financial inclusion initiatives, access to credit, gender-specific programs, financial literacy programs, and access to financial services) on women’s empowerment in Pakistan. Findings have revealed that increase in financial inclusion initiatives, access to credit, gender-specific programs, financial literacy programs, and access to financial services results in increasing empowerment of women in Pakistan and vice versa.