SECP BOOTCAMP TO TEACH OVER 1500 EDUCATORS FINANCIAL LITERACY
More than 1500 instructors from 432 Federal Government Schools & Colleges in the Capital region of Islamabad were successfully taught fundamental financial literacy principles by the Securities and Exchange Commission of Pakistan in partnership with the Ministry of Federal Education and Professional Training.
Teachers participated in a training programme that addressed important subjects such investments, savings, the value of financial literacy, its components, and how to spot fraud and scams. The Ministry of Education has said that financial literacy will be included in the curricula of FG schools.
Mohyuddin Ahmad Wani, the secretary of the Ministry of Federal Education and Professional Training, made significant reform announcements to modernise the educational system during the closing ceremony. To lessen the strain on both teachers and pupils, these reforms include introducing a performance-based incentive system for teachers, providing training programmes for them, and fusing topics like physics and maths with Pak studies and Urdu. According to him, financial literacy education will be rolled out gradually at the provincial level. Wani stressed the significance of young people, particularly women, having a basic understanding of finance in order to guard against fraud and exploitation.
The National Institute of Banking and Finance (NIBAF) and SECP both play an important role in providing instructors with the essential training programmes and skills. The Secretary of Education recognised this. A Memorandum of Understanding has been struck by the Ministry of Education and the SECP to improve financial awareness among students in federal educational institutions.
The SECP Chairman, Mr. Akif Saeed, stressed the importance of ensuring that children learn basic concepts like as budgeting, saving, investing, and debt management at a young age by providing them with financial literacy. Akif also emphasised the critical role that young people who are financially literate play in promoting investment, savings, and entrepreneurship as a means of accelerating economic growth.
Additionally, SECP and NIBAF trainers, along with programme organisers, received shields from Secretary of Education Mohyuddin Ahmad Wani. Attending the ceremony were representatives from the Federal Directorate of Education, NIBAF, and SECP.
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