Financial literacy critical in Pakistan one-day workshop on “Consumer Protection and Financial Literacy (CPFL)”

ISLAMABAD (Online): USAID Mission Director Gregory Gottlieb has said that USAID believes that financial literacy is critical to ensure that consumers are able to make smart financial decisions. He expressed these views at a one-day workshop on “Consumer Protection and Financial Literacy (CPFL)”, was funded and released by the U.S. government, through the United States Agency for International Development (USAID) and the World Bank in Islamabad.

Gregory Gottlieb said, “USAID believes that financial literacy is critical to ensure that consumers are able to make smart financial decisions. Strong financial consumer protection empowers the public to demand improved transparency and efficiency in the financial sector and at the same time play an important role in ensuring sensible growth.
Robust consumer protection, transparency and efficiency in the financial sector also build public confidence, thus encouraging positive financial activity that will stimulate economic growth, and also grow Pakistan’s credit markets.” More than 220 leaders and professionals from the financial sector deliberated on the study’s key findings and the next steps to improve the country’s policy and regulatory environment. A primary objective of the study was to increase Pakistani consumers’ financial knowledge and explain to them how to responsibly access needed financial services. F.P. Report

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