Pakistan central bank allows teenagers to independently own, operate bank accounts 

ISLAMABAD: The State Bank of Pakistan (SBP) this week rolled out a new framework allowing teenagers to independently own and operate bank accounts and digital wallets, saying its move was part of efforts to promote financial inclusivity in the country. In a press release issued on Wednesday, the SBP said the framework will address a “critical gap” in Pakistan’s financial landscape. It mentioned that while overall account ownership in Pakistan has risen to 67 percent of the country’s adult population, teenagers have largely been confined to joint or parent-controlled accounts.

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