SBP Plans to Educate 10 Million Pakistanis in Financial Literacy by 2028

The State Bank of Pakistan (SBP) has announced an ambitious plan to educate 10 million Pakistanis in financial literacy by the end of fiscal year 2028. The initiative aims to enhance financial awareness and inclusion. Helping citizens make informed financial decisions and participate more effectively in the country’s economy.

According to Managing Director SBP Banking Services Corporation (SBP BSC). Maraj Mahmood, the central bank is committed to promoting youth participation in Pakistan’s financial system. He revealed that the SBP has already reached 3.4 million people. And plans to engage another 1.2 million individuals during FY2026 as part of its broader financial education strategy.

The new phase of this campaign builds on a partnership between SBP BSC and the Teach the World Foundation (TWF). The two organizations have signed a Memorandum of Understanding (MoU) to strengthen financial literacy, especially among underserved and differently abled communities. The signing ceremony took place at the SBP BSC headquarters in Karachi, attended by TWF President Arshad Anis and other senior officials.

Speaking at the event, Deputy Governor SBP Saleemullah highlighted the importance of financial inclusion in driving equitable economic growth. He said the partnership would help expand digital financial literacy, targeting out-of-school youth and marginalized communities. He reaffirmed SBP’s vision to make financial services accessible to all citizens through innovative programs and strategic collaborations.

Arshad Anis emphasized that inclusive financial systems are essential for empowering citizens and reducing economic disparities. He stated that the partnership with SBP BSC would create pathways for financial empowerment, resilience, and sustainable growth. “Financial inclusion is key to unlocking the potential of skilled citizens in Pakistan,” he noted. Dawn

The agreement outlines several areas of cooperation, including joint awareness campaigns, the development of financial education tools, and the sharing of best practices to strengthen nationwide outreach. It also includes a framework for monitoring and evaluating progress, ensuring that the program delivers measurable impact.

This partnership underscores SBP’s growing focus on inclusive finance and digital literacy as key pillars of national development. By promoting awareness, accessibility, and empowerment, the central bank hopes to ensure that millions of Pakistanis can confidently engage in the financial system and contribute to long-term economic stability. Wikipedia