Islamabad: The State Bank of Pakistan (SBP) has launched a framework enabling teenagers to independently own and operate bank accounts and digital wallets.
The central bank said the initiative aims to build a financially literate generation by providing teenagers with early access to the formal financial system. Previously, teenagers were largely restricted to joint or parent-controlled accounts.
Under the new framework, teenagers can manage their accounts and wallets directly, with secure and structured access designed to ensure safety while introducing them to banking services.
The SBP highlighted that the initiative will help teenagers develop financial responsibility, digital literacy, and meaningful participation in the economy, contributing to a more inclusive financial system.
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