Financial Literacy Week 2025 begins in Pakistan, inaugurated by SBP Governor

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MG News | April 14, 2025 at 10:48 AM GMT+05:00

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April 14, 2025 (MLN): Pakistan kicked off its Financial Literacy Week 2025 today with a prestigious inauguration ceremony in Karachi, led by State Bank Governor Jameel Ahmad.

The weeklong activities will be conducted from April 14th to April 18th, 2025 on a countrywide basis.

The theme for this year is “Financial Inclusion with collaboration and innovation.”

High-performing banks in the areas of financial inclusion and innovation will be given awards in recognition of their efforts.

Pakistan, like many other developing nations, faces significant challenges in achieving financial inclusion, with financial literacy playing a crucial role in addressing this gap.

Currently, the financial literacy rate in Pakistan stands at 26%, below the global average of 33%.

Recognizing the importance of financial literacy, the State Bank of Pakistan has been consistently working to enhance financial education across all sectors of society.

Financial Literacy Week in Pakistan serves as a key initiative to raise awareness, encourage engagement, and inspire action, according to the press release.

This impactful, week-long event will bring together policymakers, financial institutions, educators, and the public to stress the importance of financial education.

Throughout the week, the State Bank of Pakistan, along with other financial institutions, will organize over 260 financial literacy camps, 350 outreach programs at schools and universities, and more than 400 interactive workshops and seminars targeting women, youth, and individuals with special needs.

These activities will be conducted across 101 districts nationwide.

Additionally, the "Financial Literacy Walk" will be held in major cities, including AJK and Gilgit Baltistan, spreading the message of the significance of financial literacy to the public.

Deputy governors, executive directors, international dignitaries from the World Bank, Alliance for Financial Inclusion, and Asian Development Bank, along with presidents of commercial banks, and lead focal persons of NFLP, were present at the ceremony.

Distinguished guests from government departments, Fintech, PSX, SECP, PBA, and other financial sector representatives, as well as academia and chambers of commerce, also attended the event.

SBP is engaging more than 100 partner institutes, 60 universities and colleges, and almost all commercial banks for this week.

Further, SBP has collaborated with SECP and Pakistan Stock Exchange for this purpose, and both institutions are also conducting more than 100 programs for Financial Literacy under the theme on a countrywide basis.

These activities aim to empower individuals with the knowledge and tools needed to make sound financial decisions, contribute to economic growth, and embrace the desired level of financial literacy in the country.

Copyright Mettis Link News

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