Header image

Majority Pakistanis (59%) agree that having a bank account brings benefits.


According to a survey conducted by Gallup Pakistan, 59% Pakistanis agreed that having a bank account would bring advantages to them. On the other hand, 41% disagreed with the statement. These results are a part of the nationwide Access to Finance Study conducted by the State Bank of Pakistan in 2015 with the intent of determining the degree of financial inclusiveness of the Pakistani public (please refer to page # 4 for more details).

Introduction to the series on Financial Inclusion Research:

This press release is part of a special series that aim to foster an empirical understanding of financial inclusion in Pakistan and that hope to create a collaborative network of individuals working on the topic. Before starting any conversation on developing a methodology of increasing financial inclusivity in Pakistan, it is vital to be aware of the perceptions that the general public has with regards to banks, other formal financial institutions as well as individual and household decisions on financial matters.

This particular press release aims to determine the proportion of Pakistanis who believe having a bank account bring advantages to the account holders. This is an important question to ask with regards to financial inclusion since to attract informal financial service users in the formal sector, it is imperative to learn their perceptions on the benefits of formal bank accounts. If people believe that gains from being informally included are greater than being formally included, it would be difficult to bring the former into the formal sector. Thus, this press release aims to provide an empirical picture of those Pakistanis who believe formal bank accounts would provide them with benefits.

A nationally representative sample of men and women from across the four provinces was asked, “Please tell me if you rather agree or disagree with these statements? [You believe that having a bank account would bring you advantages]” In response to this question, 59% Pakistanis agreed with this statement whereas 41% respondents disagreed.