Financial independence


A rather interesting revelation has come to the fore that only one in six bank accounts are run by women in Pakistan, despite the country having an equal male and female population

Statistics show that some 70 million active bank accounts are maintained by men as compared to 14 million by women

It also indicates that a massive 80% of woman maintain joint accounts with their spouse, that too only for money spending purposes

Unfortunately, this has long been part of our culture and as a result, women are neither financially independent nor do they know how to handle finances

It is a shame that despite having a high significance in economic activities, which has further enhanced due to modern technology and online work, women are kept deprived of their own earnings

The modern era requires a shift from traditional gender roles to a much more inclusive system

We must adapt if we are to accelerate forward economically

This means empowering and emancipating women financially

The initial responsibility lies with parents to teach their daughter about savings, investments and finances

These skills will help them survive through the period of economic slowdown that Pakistan is currently witnessing and continue to reel with till the next decade or so

Such knowledge should also be made a compulsory part of the school and college curriculum, which should equally focus on preparing the students for the real world

In a male dominated country where women remain marginlised and are often preyed upon, economic empowerment and independence will give them the support they need to live their lives with or without a male presence

Awareness and advocacy around women’s rights must also include this major aspect

Published in The Express Tribune, February 9th, 2023

Like Opinion & Editorial on Facebook, follow @ETOpEd on Twitter to receive all updates on all our daily pieces



Date:10-Feb-2023 Reference:View Original Link