Islamabad, The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Ministry of Federal Education and Professional Training, successfully imparted basic financial literacy concepts to over 1,500 teachers from 432 federal government schools and colleges in Islamabad Capital Territory.

According to Ministry of Federal Education and Professional Training, the training program was conducted in batches and covered essential topics such as savings, investments, the importance of financial literacy, its various elements, and how to identify scams and frauds. The Ministry has announced plans to integrate topics of financial literacy into the curriculums of federal government schools.

At the concluding ceremony, Secretary of the Ministry of Federal Education and Professional Training, Mohyuddin Ahmad Wani, announced major reforms to modernize the education system. These reforms include the introduction of a performance-based incentive system for teachers, new training programs, and the combination of subjects like science with mathematics and Pakistan studies with Urdu to reduce the burden on students and teachers. Wani stated that the subject of financial literacy will be gradually introduced at the provincial level. He emphasized the importance of understanding basic financial skills for youth, especially women, to protect themselves from scams and exploitation.

Wani also appreciated the role of SECP and the National Institute of Banking and Finance (NIBAF) in imparting necessary skills to teachers through the training programs. The SECP and the Ministry of Education have signed a Memorandum of Understanding to enhance financial literacy among students in federal educational institutions.

SECP Chairman, Akif Saeed, emphasized that empowering youngsters with financial literacy is critical to ensuring that they learn fundamental concepts such as budgeting, saving, investing, and debt management from an early age. He highlighted the pivotal role of a financially literate youth population in driving economic growth through fostering a culture of savings, investment, and entrepreneurship.

During the ceremony, Secretary Wani also presented shields to SECP and NIBAF trainers, as well as program organizers. Officials from the Federal Directorate of Education, NIBAF, and SECP were also present at the ceremony.