The NGO World (TNW) and National Institute of Banking and Finance (NIBAF) entered into a Memorandum Of Understanding (MOU) to join hands in implementing National Financial Literacy Program for Youth (NFLP-Y) – A Project of State Bank of Pakistan (SBP). Mr. Salman Shehzad (on behalf of NIBAF) in his capacity as Project Director, National Financial Literacy Program for Youth and Mr. Zafar Iqbal in his capacity as the Chairman, The NGO World signed the MOU in a ceremony held at NIBAF Islamabad on 30th November 2018.
The Nationwide Financial Literacy Program for Youth (NFLP-Y) has been launched by the State Bank of Pakistan through National Institute of Banking & Finance (NIBAF). A basic aim of the program is to impart essential financial education to Pakistani youth and school going children for strengthening of their money management skills and understanding of financial matters. The program will mainly target three age groups (School Going Children: Age 9-12 years, Adolescent: Age 13-17 years, and Youth Age 18-29 years) across 45 selected districts of Pakistan including GB & AJK. NIBAF aims at reaching out to 1.6 million children, adolescents, and youth through classroom training and digital learning platform during five years i.e. 2018 – 2023.