{"id":448841,"date":"2024-12-12T09:30:32","date_gmt":"2024-12-12T04:30:32","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=448841"},"modified":"2024-12-12T09:30:32","modified_gmt":"2024-12-12T04:30:32","slug":"secp-launches-wefp-sets-target-of-70-of-all-new-clients-onboarded-to-be-women-for-nbfmcs-in-next-5-years","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/secp-launches-wefp-sets-target-of-70-of-all-new-clients-onboarded-to-be-women-for-nbfmcs-in-next-5-years\/","title":{"rendered":"SECP launches WEFP, sets target of 70% of all new clients onboarded to be women for NBFMCs in next 5 years"},"content":{"rendered":"<p>ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has unveiled the Women Equality in Finance Policy Framework (WEFP) for Non-Bank Microfinance Companies (NBMFCs), setting a transformative agenda to enhance women\u2019s financial inclusion and strengthen their role in the financial ecosystem. The policy framework mandates that in next five years 70% of all new clients onboarded by the NBFMCs shall be women. To achieve this NBMFCs will be encouraged to develop tailored financial products for women entrepreneurs. To foster Inclusive Governance the policy requires a minimum of 25% female representation on Boards and also sets incremental workforce inclusivity targets. The policy overall encourages digitization and innovation in the microfinance sector. With measures such as integrating gender-disaggregated data, training programs for workforce inclusivity, and the modernization of financial services through digital platforms, WEFP aspires to create a resilient and diverse financial sector that uplifts Pakistan\u2019s economy. Staff reporter<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has unveiled the Women Equality in Finance Policy Framework (WEFP) for Non-Bank Microfinance Companies (NBMFCs), setting a transformative agenda to enhance women\u2019s financial inclusion and strengthen their role in the financial ecosystem. The policy framework mandates that in next five years 70% of all new clients [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-448841","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP launches WEFP, sets target of 70% of all new clients onboarded to be women for NBFMCs in next 5 years<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/secp-launches-wefp-sets-target-of-70-of-all-new-clients-onboarded-to-be-women-for-nbfmcs-in-next-5-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP launches WEFP, sets target of 70% of all new clients onboarded to be women for NBFMCs in next 5 years\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has unveiled the Women Equality in Finance Policy Framework (WEFP) for Non-Bank Microfinance Companies (NBMFCs), setting a transformative agenda to enhance women\u2019s financial inclusion and strengthen their role in the financial ecosystem. 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