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The State Bank of Pakistan (SBP) on Wednesday launched a new framework for teenagers’ accounts, enabling them to independently own and operate bank accounts and digital wallets.
According to a statement issued by the SBP, the move will build a financially savvy young generation.
“By providing a convenient entry into the formal financial system at an early age, the SBP aims to foster meaningful participation of teenagers in the economy,” the statement said.
It added that the initiative addressed a critical gap in the country’s financial landscape.
