Use of cheques has declined from around 50 per capita per year in the 1990s to around 2 per capita in 2019, as payments such as bills increasingly moved electronic. Use of cash for transactions has also been declining. The rise of cards, first credit cards and more recently debit cards, has been a consistent feature as well.
It gives me great pleasure to launch the first ever National Financial Literacy initiative in Pakistan. The program will initially impart basic financial literacy to poor and marginalized people of Pakistan. It is my firm belief that the initiative will work towards improving financial inclusion and also serve the interests of all financial sector stakeholders.