Karandaaz and NIBAF enter into MoU agreement
Karandaaz Pakistan has formalized a memorandum of understanding
(MoU) with the National Institute of Banking and Finance (NIBAF) to enhance
financial literacy among the young population of Pakistan.
The MoU outlines the inception of a financial literacy training
program, the first in a series of initiatives, with a diverse range of
objectives. The program focuses on imparting essential financial management
skills to students, nurturing entrepreneurial abilities, and cultivating an
environment conducive to entrepreneurship and economic advancement.
Furthermore, the MoU is designed to raise awareness about financial
services, including credit, savings, budgeting, digital payments, and the
advantages of maintaining bank accounts. It also paves the way for future
financial literacy endeavors in the region of Gilgit-Baltistan, ensuring
sustainability and continued progress.
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Waqas ul Hasan, CEO of Karandaaz Pakistan, highlighted the
importance of financial literacy and entrepreneurship education in fostering
the holistic development of Pakistani youth. This successful collaboration
underlines Karandaaz Pakistan's commitment to empowering the youth and
promoting financial inclusion in Gilgit-Baltistan. The organization remains
dedicated to implementing sustainable initiatives that equip individuals with
essential tools for a financially secure future.
Within this initiative, Karandaz Pakistan, NIBAF, and
Gilgit-Baltistan Rural Support Programme (GBRSP) efficiently conducted an
extensive series of financial literacy training sessions across five districts
in Gilgit-Baltistan. These impactful sessions were held in Nagar, Ganchay,
Kharmang, Shigar, and Gilgit, benefiting a total of 2,000 public school
students, with an encouraging 52 percent participation from girls. The
objective was to educate the youth about fundamental financial concepts for
their financial well-being.
The initiative also aimed to enhance the skills of local
educators, transforming them into valuable assets for the educational ecosystem
of the region. To support this endeavor, NIBAF dispatched 4,000 books
containing carefully curated content on financial literacy, catering to the age
group of 13 to 17 years, to the participating schools. This step further
enriched the educational journey of the students.
Source: The News