, some will be left unanswered, and for them you have to use your imagination and knowledge. some of you have already chosen a path for yourself and some of you are yet to decide, questions like what field will be more appealing. in which organization you will learn more? should you apply in fast growing private sector or should you join public sector? should you apply for a job or pursue higher studies? whatever you do, do it with utmost dedication i am sure optimism, creative thinking and challenging conventional wisdom will help you achieve your goals and lead you towards a more prosperous future. let me once again congratulate the graduates who have received their degrees today. i wish you well in your future pursuits. bis central bankers ’ speeches

in the world by the economist intelligence unit of the economist magazine 2010 and 2011. pakistan has become one of the fastest growing markets for branchless banking in the world. these developments include increased competition, technological innovation, new business models, transformation in customers ’ needs and behaviors, and regulatory proportionality. international development agencies and media have now been highlighting pakistan for its market and institutional environment for branchless banking. moreover, according to a recent cgap publication, “ pakistan serves as an example of how public and private institutions together can move a country towards a digital financially inclusive system. ” in fact the branchless banking is going to dominate the retail banking landscape in the long - term. branchless banking has also proved to be an effective instrument in channelizing the government to persons ( g2p ) payments in trying times like serving internally displaced persons ( idps ), flood affectees during the last two years, and beneficiaries of the benazir income support programme. in the coming days, this channel is expected to continue playing an important role towards the promotion of financial inclusion and the management of government to person ( g2p ) programs like salaries disbursements, pensions, bisp, watan cards, pakistan cards and tax collections services, etc. the existing branchless banking deployments can cater to the needs of over 10 million potential beneficiaries of g2p payments in pakistan. sbp has partnered with dfid to launch a financial inclusion program. a number of initiatives have been taken to promote access to finance in the msmes, agriculture and housing which creates enabling environment by addressing regulatory barrier market failures and industry bottlenecks and ensuring consumer protection. lack of financial literacy is a major constraint in advancing financial inclusion sbp launched the first ever nationwide financial literacy program last year, the pilot phase of the program has been concluded successfully by targeting about 50000 beneficiaries in various provinces regions and districts with emphasis on low income strata. bis central bankers ’ speeches sbp has deepened global partnership with world bank, asian development bank and other international and bilateral development agencies to make financial services accessible to the unbanked population. we will see the impacts of these initiatives in near future, which should create more opportunities for the marginalized segment of the society, so they can play their part in the development of this country. at this point in time, you ’ re curious minds will have a lot of questions, some of them will be answered by your mentors