State Bank of Pakistan, through National Institute of Banking and Finance Pakistan (NIBAF-P), continues to advance financial inclusion and youth empowerment across the country. Since its inception in 2018, the National Financial Literacy Program for Youth (NFLP-Y) has trained over two million students, equipping them with essential financial knowledge, decision-making skills, and a practical understanding of money management. This initiative aims to instill financial awareness and confidence among students from an early age, preparing them for active participation in Pakistan’s economy.
Building on the success of NFLP-Y, the Financial Literacy Integration Project (FLIP) was introduced to embed financial literacy learning outcomes directly into the national curriculum. The program ensures that students across Pakistan gain exposure to financial education as part of their regular schooling. NIBAF-P, in partnership with Karandaaz Pakistan, piloted these modules in FDE schools, achieving extensive outreach by training more than 2,500 teachers and engaging over 110,000 students in nearly 100 schools. This structured approach has allowed financial education to become a practical tool for students to develop both fiscal awareness and entrepreneurial thinking.
To reinforce classroom learning, NIBAF-P organized financial literacy bootcamps focused on entrepreneurship and creativity. These sessions provided students with the opportunity to apply theoretical concepts in real-world scenarios, encouraging innovative thinking and leadership skills. The practical exposure inspired students to explore small-scale business ventures, create self-made products, and develop creative solutions, which included projects ranging from upcycled crafts to games, nail art, beadwork, and event-based activities like mehendi services. The program’s success is reflected in the confidence, decision-making skills, and entrepreneurial initiative demonstrated by participating students.
On November 26, 2025, NIBAF-P showcased these young entrepreneurs at the Pakistan Reading & Learning Festival, highlighting their creativity, business acumen, and financial awareness. The festival provided a platform for students to present their products and share their entrepreneurial journeys, exemplifying the transformative impact of financial education integrated with practical learning opportunities. These young innovators demonstrated not only the value of financial literacy but also the importance of nurturing entrepreneurial talent at an early age. NIBAF-P’s efforts continue to reinforce a generation of financially capable, confident, and innovative youth ready to contribute meaningfully to Pakistan’s economic development and societal progress.
Through sustained investment in financial literacy and entrepreneurship programs, SBP and NIBAF-P are establishing a foundation for long-term economic participation by youth, equipping them with skills, knowledge, and the confidence needed to drive innovation and growth. The ongoing initiatives highlight the critical role of financial education in fostering a generation prepared to navigate the complexities of personal finance, business opportunities, and the evolving digital economy.
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