Recognising the importance of providing financial literacy training to a nation’s young
Financial literacy has been recognised as a core life school that students should possess in order to meet the ever-increasing challenges of a complex world and to enhance their future employability. Pakistan is one of a number of countries investing in financial education, in accordance with Organisation for Economic Cooperation and Development (OECD) policy recommendations.
Building good financial literacy in populations requires an inclusive financial system. To achieve this the State Bank of Pakistan has launched the National Financial Literacy Program for Youth (NFLP-Y). This flagship program is being delivered across targeted demographic groups between 2018–2023 in consultation with local stakeholders.
Building financial literacy
The ability to make informed financial decisions can be empowering, whilst the lack of ability can lead to poverty. The learnings contained within this case study will be of great use to broader stakeholders and policy-makers across the region as they seek to further develop the financial capabilities of their own youth.
Delivering education
Operationalised by the National Institute of Banking and Finance (NIBAF), the program has sought to deliver financial education to Pakistani youth and school children to provide them with the skills and knowledge needed to use financial products and services effectively and ethically in the future.
Understanding Pacific entrepreneurs and exploring potential technology solutions
Griffith Asia Institute (GAI) is pleased to collaborate with NIBAF to prepare a case study that will assess the effectiveness of NFLP-Y in enhancing the financial knowledge and understanding capacity of its target audience of youth between the ages of 9 and 29 years of age. This case study will document the key areas of accomplishments, failures, barriers, and suggestions for future financial literacy programs within Pakistan and around the globe and will be available for download from this page when complete.
Program partners
