The Punjab Education Foundation (PEF), Karandaaz Pakistan, the National Institute of Banking and Finance (NIBAF), and the Bank of Punjab have partnered to deliver financial literacy in over 1,000 PEF schools in Punjab. This initiative aims to educate more than 100,000 students, train nearly 2,000 teachers, and 25 master trainers on topics such as earning, saving, budgeting, and digital banking.

The rollout aligns with Pakistan’s National Financial Inclusion Strategy and seeks to integrate financial literacy into the National Curriculum by 2028. The pilot phase will focus on quality delivery and monitoring standards in schools.

Stakeholders, including Secretary of Schools Education Khalid Nazir Wattoo and PEF Managing Director Shahid Farid, emphasised the importance of financial education as a core life skill. This initiative builds on a previous successful model in federal schools and contributes to the country’s achievement of the Sustainable Development Goals, particularly in the areas of education and economic growth.

Karandaaz and NIBAF expressed commitment to fostering financial inclusion through this collaboration, recognising the critical role of financial literacy in preparing youth for personal and professional success. The initiative is poised for broader adoption across provinces, positioning itself as a significant advancement in educational reform.