The State Bank of Pakistan (SBP) has introduced a new framework that allows teenagers to independently own and operate bank account and digital wallets.
The move aims to help young people in the country develop financial skills and engage with the formal banking system.
Encouraging early financial literacy
Until now, most teenagers in Pakistan could only access accounts through parents or guardians.
This limited their ability to manage money directly and learn about financial responsibility.
The new framework allows users aged 13 to 18 to handle their accounts on their own, while remaining within a regulated and secure environment.
Building skills for a digital economy
The SBP said the initiative provides a foundation for digital financial services.
It aims to equip young people with the knowledge and experience needed to participate confidently in a growing digital economy.
With about 26 million teenagers in Pakistan, the move is expected to reach a significant portion of the population.
A step toward inclusion
The central bank described the framework as a way to make the financial system more inclusive.
It allows teenagers to save, make transactions, and access banking services without relying on adult supervision.
The SBP said the goal is to foster responsible financial habits and prepare youth to use financial services effectively in the future.
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