Shafqat Mahmood—the Education Minister has poured light on the significance of teaching the financial discipline, investment and saving culture benefits among the youth of the country. He said that financial literacy should be included in the new curriculum.
While speaking at the launch of a Securities and Exchange Commission of Pakistan book captioned “Savings and Capital Market”, the minister said for improving the educational standards, the government is drafting a new curriculum.
He further said that the subject of financial literacy would be made a part of the new syllabus.
Mr Mahmood also advised the public to not invest in the unregulated sectors and said that instead, they should make investments in the regulated sectors like the stock market, insurance and mutual funds. He added that in this way their capital would remain safe and that it would be transferred to their heirs in a transparent and convenient way.
He lauded the efforts of the commission for boosting financial literacy among the public, as awareness regarding investment in the capital market was restricted.
Previously, the department head of SECP’s Investor Education—Khalida Habib said that regulators throughout the world have identified the significance of investor education, as they are of the belief that the educated investors support the role of regulators.
She briefed the participants on the dedicated investor education of SECP programme—Jamapunji, which covers the complete non-banking financial sector.
SECP Chairman—Farrukh Sabzwari and the representative of World Bank—Marius Vismantas also spoke on the occasion.