KARACHI: State Bank of Pakistan has introduced a new framework enabling teenagers to independently own and operate bank accounts and digital wallets, marking a significant step toward financial inclusion and youth empowerment in Pakistan. The initiative aims to bring millions of young individuals into the formal financial system and promote financial literacy from an early age.
In a move to build a financially savvy young generation, SBP has launched a new framework for teenagers’ accounts, enabling them to independently own and operate bank accounts and digital wallets. See PR: https://t.co/lOgGG3kxJe pic.twitter.com/bwIgWIcOOf
— SBP (@StateBank_Pak) April 1, 2026
According to the central bank, the move is designed to create a financially aware and digitally skilled generation capable of contributing to the country’s growing digital economy. Previously, most teenagers in Pakistan were limited to joint or parent-controlled accounts, restricting their ability to gain practical financial experience. The new policy removes these barriers and encourages independent financial engagement.
The SBP highlighted that around 26 million citizens aged between 13 and 18 stand to benefit from this initiative. By giving teenagers direct access to banking services, the framework aims to build responsibility, improve money management skills, and enhance understanding of savings, payments, and financial planning.
Key features of the framework include independent ownership and operation of accounts, allowing teenagers to manage transactions without parental control. At the same time, the system ensures secure and structured access, maintaining safeguards to protect young users while introducing them to formal banking practices.
The initiative also supports the broader goal of expanding Pakistan’s digital financial ecosystem. With increasing adoption of online payments and mobile banking, equipping youth with digital financial tools is seen as essential for long-term economic growth. The SBP described the framework as a strategic move to strengthen financial inclusion and prepare the next generation for active participation in the economy.
Experts believe this development could significantly boost account ownership rates in Pakistan, which have already reached 67 percent among adults. By targeting teenagers, policymakers hope to close existing gaps and accelerate the transition toward a more inclusive and modern financial system.
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