SBP to hold financial literacy week

KARACHI: The central bank governor Jameel Ahmad will launch the Pakistan Financial Literacy Week (PFLW) 2024 on Monday, aiming to promote digital banking and financial inclusion across the country, the bank said in a statement on Friday.

The week-long event, themed “Digital Bankari - fori aur asaan”, will feature both on-ground and online activities to educate the public on various aspects of digital financial services, such as RAAST, QR code, and Asaan mobile/digital accounts.

The State Bank of Pakistan said it will also hold 150 financial literacy camps in 60 cities, in collaboration with commercial banks and its field offices, to provide practical guidance on using digital banking platforms and other financial literacy topics.

"An important segment of PFLW is outreach to students of all levels across the country in recognition of pivotal role of financial education in shaping their future," the statement said. "Competitions on different themes of digital finance will be organised in 16 field offices of SBP-Banking Services Corporation to instill financial awareness and responsible money management from an early age. An online video/poster competition for public has also been arranged in this regard."

The PFLW is aligned with global initiatives such as the Global Money Week, and marks the bank’s first-of-its-kind effort to champion financial literacy and inclusion on a national scale, the statement added.