Pakistan Financial Indicators Data Portal launched

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Islamabad: Karandaaz Pakistan has launched a state-of-the-art online data portal with aggregated financial services data and a selection of socio-economic indicators for the country, a press release said.

The portal’s data covers segments such as demography, national economic data, agricultural financing, financial access and individual behavior, banking infrastructure and transactions, financing of micro, agro and SMEs, housing finance, non-bank financial institutions (NBFI), mobile money and telecommunications statistics.

The portal is interactive, intuitive, visually appealing and easy to navigate. It also offers the ability to generate tailor-made data dashboards and has filtering and overlay features. A webinar to highlight the different features of the data portal and the importance of credible and easy-to-access financial data for decision-makers was recently organized by Karandaaz.

Drawing on publicly available information from reputable sources, the scope of information in the portal will expand over time with the addition of new categories of data and metrics accompanied by continuous backend upgrades. . The portal can be accessed at https://karandaaz.com.pk/karandaazportal/

Speaking of the importance of credible data for policy makers, Karandaaz Pakistan President Dr Shamshad Akhtar said: “Good quality and open and easy access to statistics and data is essential for policy making and designing healthy projects in Pakistan. As we emerge from the shadow of the pandemic, digital connectivity to, among other things, deepen financial inclusion, has become a lasting solution to reducing poverty and rejuvenating the economy. The pre-COVID financial inclusion gaps have been glaring. KRN worked with government, regulator and all stakeholders to realize the vision of the National Financial Inclusion Strategy and achieve the goals of strengthening financial inclusion across gender and geography. KRN has supported the development of the core infrastructure for digital financial inclusion, including technology and payment solutions. These efforts are reinforced by KRN initiatives to institutionalize micro and small enterprise financing vehicles and institute favorable credit enhancement. In this context, timely and reliable statistics and a data portal will play a critical role in shaping futuristic policies and monitoring progress on the ground. Design strategies that can lead the country towards sustainable financial progress. Policy makers, development partners, businesses, researchers, academia and entrepreneurs all need financial sector statistics to identify trends, learn from successes, identify gaps and define a plan of action. necessary in order to make interventions that can reap fruits. the best dividends for the economy. Informed decisions backed by metrics, facts and figures are the best decisions and that is precisely why at Karandaaz we have believed that a sophisticated data portal where information is available for sound decision making is essential.

Sima Kamil, Deputy Governor of the State Bank of Pakistan, said: “As the financial sector regulator of any country, the central bank’s use of credible data to develop policies that can trigger growth and progress is fundamental.



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