The government is planning to make financial literacy a part of the new school curriculum, said the Federal Minister for Education and Professional Training Shafqat Mehmood.
He made these remarks on Friday while speaking at a book launch titled ‘Savings and Capital Market’ at the Securities and Exchange Commission of Pakistan (SECP) headquarters. SECP has published this book in collaboration with the World Bank.
Shafqat said the move is aimed at equipping our next generation with financial knowledge. He underlined the need for teaching financial discipline, culture of savings and benefits of investment in the youth.
He said that the PTI government is making sincere efforts to upgrade our education standards and preparing a new curriculum.
He advised the public that instead of investing in unregulated sectors, they should put their money into safe and regulated sectors such as stock market, mutual funds, and insurance, etc.
“This way, their capital will be safe, and it will be transferred to their heirs transparently and easily.”
He admitted that a very few people were aware of the scope of capital market stressed the need for boosting efforts to promote financial literacy and awareness.