SECP, education ministry sign MoU

ISLAMABAD: The securities regulator and the federal education ministry signed a memorandum of understanding on Tuesday to promote financial literacy among students at government-run schools and colleges.

The MoU, signed by the Securities and Exchange Commission of Pakistan (SECP) chairman Akif Saeed and the special secretary of the Ministry of Federal Education and Professional Training Mohyuddin Ahmad Wani, aims to integrate financial literacy topics into the curriculum of federal educational institutions.

The MoU also envisages a teacher's training program to equip educators with necessary skills to teach financial literacy, and interactive seminars for students across all degree colleges in Islamabad, the capital city of Pakistan.

The SECP chairman said at the signing ceremony that financial literacy is essential for young people to learn basic concepts such as budgeting, saving, investing, and debt management from an early age.

He added that financial literacy would also help them avoid financial pitfalls, such as debt accumulation and poor investment choices, and make informed decisions about their financial future.