Financial literacy has significantly permeated development and social protection literature in recent years. As less developed countries begin to introduce multifaceted financial products and services and expand social safety nets, the issue of financial literacy is attracting the attention of both policymakers and development practitioners. In this regard, in collaboration with the Government of Pakistan, UNDP has produced a policy paper that explores how financial literacy can be used as a poverty graduating tool with reference to social protection systems. This paper brings in learning and experience from global practices and local contexts.