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2 results for "pakistan-economy"

Markets
7.0

Pakistan SBP launches independent teen banking framework for ages 13-18

Pakistan's State Bank launched a new regulatory framework enabling teenagers aged 13-18 to independently own and operate bank accounts and digital wallets, addressing a gap where ~26 million youth previously could only access joint/parent-controlled accounts. The framework aims to build financial literacy and digital economy participation among young citizens. Implementation details and participating banks remain unspecified.

Dawn (Pakistan)·PK·about 5 hours ago
Confirmed
#financial-inclusion#youth-banking#digital-economy#pakistan-economy#fintech-policy
Markets
7.4

IFC expands Pakistan portfolio to $2.7bn committed; focuses on SME financing, green bonds

The International Finance Corporation briefed Pakistan's Finance Minister on its expanding investment portfolio, now exceeding $2 billion annually with $2.7 billion committed for the current year. The delegation discussed scaling private sector investment in infrastructure, energy, transport, and logistics through mechanisms including local currency financing, risk-sharing facilities, and public-private partnerships. Key focus areas include reducing foreign exchange vulnerabilities and developing a venture capital ecosystem.

Dawn (Pakistan)·PK·about 5 hours ago
Confirmed
#development finance#pakistan-economy#world-bank-group#sme-financing#infrastructure-investment