The State Bank of Pakistan Banking Services Corporation (SBPBSC) has joined hands with Teach the World Foundation (TWF) to enhance financial literacy and promote inclusive financial practices in Pakistan.
The collaboration puts a strong emphasis on extending financial inclusion to differently-abled and underserved communities.
The Memorandum of Understanding (MoU) was signed at a ceremony at the SBPBSC Karachi. Managing Director SBP BSC, Maraj Mahmood and President TWF, Arshad Anis, were present in the ceremony. The partnership underscores the shared commitment of both organisations to create an enabling environment for the promotion of financial inclusion among people from underserved social strata.
Deputy Governor SBP, Saleemullah, highlighted the importance of the partnership and potential of future collaboration between the two organisations, especially in advancing digital financial literacy and reaching out-of-school children. He reiterated SBP’s commitment to ensuring access to financial services to all segments of society through targeted initiatives and strategic partnerships.
Maraj Mahmood reaffirmed SBP’s commitment to advancing youth participation in the financial system. He shared SBP’s vision to impart Financial Literacy to 10 million beneficiaries at the end of FY 2028.
To achieve this milestone, SBP BSC aims to engage 1.2 million people during FY 2026. He noted that at present, 3.4 million individuals have already been reached.
Arshad Anis underscored the importance of inclusive financial systems in enabling access to finance and promoting financial literacy among underserved segments of society.
“Financial inclusion is a key to unlocking the potential of skilled citizens in Pakistan. Through this partnership with the SBP BSC, we have created pathways for financially underserved social segments of Pakistan, built resilience, and contributed to sustainable economic growth”, he stated.
The MoU outlines key areas of cooperation, including joint outreach and awareness initiatives targeting underserved segments of society, the sharing of expertise, resources and best practices to promote financial inclusion, as well as the collaborative development and implementation of financial literacy programs. It also includes the periodic review and reporting of outcomes and impact.
