The State Bank of Pakistan has introduced a new framework for young people under which teenagers aged 13 to 18 will now be able to independently own and operate their bank accounts and digital wallets.
According to the State Bank, this initiative will allow youth to manage their accounts on their own, helping develop a sense of responsibility and financial independence.
The new system ensures security and controlled access so that teenagers can safely use formal financial services and acquire essential skills for the digital economy.
Approximately 26 million young individuals in the country are expected to benefit from this framework, which will contribute to building a financially aware and digitally skilled generation in the future.
Through this initiative, young people will gain independent and effective access to financial services, helping establish a strong and youth-friendly system of financial inclusion in Pakistan.
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