Integration of Financial Literacy Education in Pakistan’s National Curriculum Framework

Synopsis:

Mera Maan Pvt. Ltd. spearheaded the role of integrating financial literacy education into the National Curriculum Framework for primary and secondary-level education in Pakistan. The project aimed to enhance financial literacy among children and youth in Pakistan by incorporating financial education into critical subjects and textbooks at the primary and secondary level. The curriculum was designed to sensitize, train, and guide children on essential financial concepts, benefiting over 110,000 students in its pilot implementation phase across seven locations in Pakistan, including Islamabad, Muzaffarabad, Skardu, Peshawar, Lahore, Quetta, and Karachi.

Narrative of the Project Description:

Background:

Recognizing the urgent need to improve financial literacy among the masses, especially children and youth, the State Bank of Pakistan (SBP) took the initiative to support and enhance the financial literacy ecosystem in Pakistan. Through this assignment, financial literacy education was expanded to the whole of Pakistan by integrating financial literacy into the National Curriculum Framework at the primary and secondary level, making it an essential part of teaching and textbooks.

Objectives:

– Integrate financial literacy education into the National Curriculum Framework for primary and secondary-level education in Pakistan.
– Ensure approval from concerned authorities for the incorporation of financial literacy topics into the curriculum.
– Train teachers and educators to effectively deliver the financial literacy curriculum.
– Reach a substantial number of students across the country with financial literacy education.

Project Impact:

During the pilot phase, the financial literacy curriculum reached over 110,000 children in more than 600 schools across seven locations in Pakistan, including Islamabad, Muzaffarabad, Skardu, Peshawar, Lahore, Quetta, and Karachi, encompassing both private and government institutions. The project also trained 745 teachers on the delivery of the curriculum. An advocacy campaign successfully reached around 30,000 parents, further extending the impact of financial literacy. Additionally, approximately 2.5 million people were exposed to the financial literacy awareness campaign, promoting greater financial understanding and awareness among the general population.