The State Bank of Pakistan (SBP), in collaboration with its training arm, the National Institute of Banking and Finance (NIBAF-Pakistan), has reached an important milestone in the journey toward building a financially literate nation. In line with the Prime Minister’s Emergency Roadmap Directive No. 13, SBP launched the Financial Literacy Integration Project (FLIP) in August 2024, a groundbreaking initiative designed to integrate financial literacy into Pakistan’s national and provincial education curriculums.
This strategic move marks a defining step in strengthening the foundations of financial awareness among the youth, ensuring that future generations are equipped with the knowledge and skills needed to manage personal finances responsibly and contribute effectively to the national economy. The project reflects SBP’s long-term commitment to fostering inclusive financial growth and empowering citizens through education.
A key milestone in this initiative was achieved through the Consultative Workshop on the Curriculum Mapping Report, held on October 21, 2025, at the State Bank of Pakistan in Karachi. The session brought together leading policymakers, educators, and financial experts to discuss the integration framework and align educational goals with financial literacy objectives.
The workshop was graced by Mr. Saleem Ullah, Deputy Governor of the State Bank of Pakistan; Ms. Lubna Farooq Malik, Chief Executive Officer of NIBAF Pakistan; Syed Basit Aly, Executive Director of the Financial Inclusion Group (FIG), SBP; and Mr. Abid Qamar, Director of ACFID SBP. The event also saw active participation from senior officials of SBP, SBP-Banking Services Corporation (SBP-BSC), NIBAF-Pakistan, the FLIP team, and consultants from Knowledge Platform, a leading education technology organization.
During the workshop, participants reviewed the findings of the Curriculum Mapping Report and shared valuable insights on how financial education can be seamlessly embedded into existing subjects at different grade levels. The discussions centered around developing age-appropriate content that introduces financial concepts such as budgeting, saving, responsible borrowing, and digital payments, while encouraging a culture of informed financial decision-making from an early age.
Deputy Governor Saleem Ullah emphasized the transformative potential of financial literacy, describing it as an essential life skill in today’s digital economy. He highlighted that integrating financial literacy into the education system would not only prepare students for personal financial independence but also enhance national financial inclusion efforts.
Ms. Lubna Farooq Malik, CEO of NIBAF Pakistan, underscored the importance of collaboration in achieving the project’s objectives. She stated that through partnerships with educational authorities, regulators, and private sector stakeholders, the initiative aims to establish a strong foundation for sustainable financial education across the country. She also commended the efforts of the FLIP team and consultants for their dedication in mapping the curriculum and identifying key learning outcomes.
The Knowledge Platform team presented its recommendations on the pedagogical approach, emphasizing interactive learning tools and digital resources to engage students effectively. The proposed framework ensures that financial literacy is taught not as an isolated subject but as an integrated component of broader educational goals, reinforcing critical thinking and problem-solving skills.
The workshop concluded with a shared vision of nurturing a generation that grows with financial awareness, confidence, and empowerment. By embedding financial capability into Pakistan’s education system, the State Bank of Pakistan and NIBAF aim to bridge the gap between financial access and understanding—creating citizens who can make informed choices, contribute to national growth, and adapt to the evolving financial landscape.
This initiative aligns with global trends emphasizing the role of financial education in sustainable economic development. Countries that have successfully implemented similar frameworks have witnessed measurable improvements in savings behavior, debt management, and digital financial adoption—all areas critical to Pakistan’s economic progress.
The FLIP project thus represents more than just a policy intervention; it is a long-term investment in human capital, ensuring that financial empowerment begins at the classroom level and extends into every aspect of daily life. Through continuous engagement, research, and curriculum innovation, SBP and NIBAF are paving the way for a more financially resilient Pakistan.
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