The State Bank of Pakistan (SBP) and the United Nations have announced a new partnership aimed at strengthening financial inclusion, supporting sustainable development and enhancing resilience against economic shocks. The collaboration reflects Pakistan’s push to integrate global expertise into its financial system while aligning with the UN’s broader goals of poverty reduction and inclusive growth.
According to SBP officials, the initiative will focus on expanding access to digital banking and financial services, especially for women, rural communities and small businesses that remain outside the formal economy. Pakistan still has one of the largest unbanked populations in South Asia, with over half of adults lacking access to formal financial channels. By joining hands with the UN, the central bank hopes to bridge this gap and create opportunities for economic participation at the grassroots level.
The partnership will also prioritize sustainable finance, including green banking initiatives that can help Pakistan adapt to climate change challenges. Recent floods and climate-related disasters have highlighted the vulnerability of Pakistan’s economy, making resilient financial systems a key priority. The United Nations Development Programme (UNDP) and other UN agencies are expected to provide technical expertise and resources to support these efforts.
Governor of the State Bank of Pakistan stressed that the collaboration underscores the country’s commitment to modernizing its financial sector. “This partnership allows us to learn from global best practices and tailor them to Pakistan’s needs,” he said, noting that inclusive financial growth is vital for long-term stability. UN representatives echoed this view, emphasizing that stronger financial access can uplift marginalized groups and contribute to achieving the Sustainable Development Goals (SDGs).
Experts believe this initiative could accelerate Pakistan’s progress toward a more inclusive and resilient economy. By leveraging digital innovation, strengthening regulatory frameworks and expanding outreach, the SBP–UN partnership aims to transform Pakistan’s financial landscape while reinforcing global commitments to equality and sustainability.
