ways people think and do their banking business today. 9. the outcome of e - banking in pakistan will be gradual but the trends towards adoption of information technology are quite encouraging. transformation from traditional banking modes to modern ways of banking is taking place at a fast pace. a number of alternate delivery channels for provision of banking services like atms, credit cards, pos ( point of sale ) terminals, internet banking, debit cards already exist in our country to benefit the masses. currently, 93 % of the total bank branches are offering real - time online services. 10. i would like to acknowledge the efforts of tameer bank and telenor towards financial inclusion and deposit mobilization. it will not only bring economic prosperity but also help alleviate poverty and improve living standards of the people of pakistan. state bank of pakistan looks forward to the success and positive outcomes of easypaisa khushaal and expects more innovative products from tameer microfinance for promoting deposit mobilization and financial inclusion agenda. bis central bankers ’ speeches

per the latest assessment made by the rbi. gdp growth in the first quarter of 2009 - 10 is broadly consistent with that ( 6. 1 per cent ). the current focus is to bring back the economy to the high growth path as a key means to ensure higher living standard for all. the planning commission in the eleventh five year plan document ( 2007 - 12 ) identified a number of priorities to fasten an inclusive growth process so that the economy can grow at a rate of around 9 per cent during the plan period. one of the key requirements of growth is capital formation and for this it is imperative that more and more of household savings are directed to financial savings thereby facilitating capital formation. currently financial savings constitute 48. 5 of total household savings. if this share is to go up, there is need for much greater penetration of the banking, insurance and capital market products in the country. the policy of financial inclusion is therefore critical for greater capital formation to ensure higher and sustained growth. i would like to specifically touch upon the issues of ensuring adequate credit for agriculture, msme and infrastructure, all of which are critically important to achieve sustainable and inclusive growth. these are rightly placed as growth engines in the current workshop. agriculture after recording robust and above trend growth during 2003 - 08, overall agriculture output decelerated during 2008 - 09 despite a record level of food grains production at 233. 9 million tonnes. higher production was aided by rabi output, while kharif output was affected by floods in some states. production of coarse cereals, pulses, oilseeds, showed slippage and output of sugarcane and cotton declined over the year. diversification of indian agriculture towards horticulture, livestock and fisheries has been evident for some years with their joint share reaching close to 60 per cent of the agriculture and allied gdp. allied sector is expected to grow between 5 per cent and 6 per cent during 2008 - 09. although there has been a drop in the share of agriculture in the gdp from 36. 4 per cent in the 1980s to around 17. 0 per cent now, the number of people dependent on agriculture for their food and livelihood remains largely unchanged at nearly 60 per cent underscoring the importance of agriculture to sustain growth in the country. various studies predict that in the long term, the increased demand due to population growth and rising per capita income, would outstrip the supply of cereals, pulses, edible oil and sugar. key issues that need addressing in this context have been identified as