2020

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The Impact of Financial Inclusion on the Economic Growth of Pakistan
(UMT.Lahore, 2020-03) Najeeb Ullah
In the study it is aimed to find the relationship of financial inclusion and economic growth, and its impacts. Financial inclusion is the public access to the financial services that are affordably available as, M-banking, point of Sale, internet banking etc. For the purpose, the data collected for the period of 10 years from 2008 to 2017; the first source is bank annual reports and the second source is the State Bank of Pakistan (annual bulletins). The time duration was selected after checking the availability of data of relevant variables. The study is quantitative in nature and mainly focuses on the Islamic banking industry which is the population of the study. The study sample comprises of 4 full fledge Islamic banks functioning in Pakistan and along with conventional banks Islamic windows. Statistical package for social sciences (SPSS) used as a statistical tool for analysis. In the framework the economic growth is the dependent variable while financial inclusion is an independent variable. For the financial inclusion in the light of past literature we selected the indicators as; bank branches, deposits of the banks, remittances through banks and financing to the SMEs. The results after analysis show significant impact of financial inclusion on the economic growth