Karachi: Pakistan Stock Exchange (PSX) inaugurated Pakistan Financial Literacy Week 2025 with a Gong Ceremony, signaling the start of a nationwide push for financial literacy and inclusion. Organized with the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), Central Depository Company (CDC), and National Clearing Company of Pakistan Limited (NCCPL), this initiative aims to empower Pakistanis with financial knowledge.
The ceremony at the PSX Trading Hall underscored the financial sector's commitment to broadening access to financial education. Leaders from major institutions gathered to bridge knowledge gaps and contribute to an inclusive economy.
Throughout the week, events will be held across educational institutions and communities, including workshops, awareness sessions, and digital campaigns. These activities aim to equip individuals with the tools for informed financial decisions.
As part of the initiative, PSX announced the National Trading Simulation Contest, "Battle of the Bulls - The Ultimate Investment Challenge." Registration is open from April 14 to May 5, 2025. The contest offers a virtual trading experience, culminating in a prize ceremony for winners. Registration details are available on the PSX website.
Dr. Shamshad Akhtar, Chairperson of PSX, highlighted the importance of financial education, stating it as essential for an inclusive economy. She emphasized the need to educate people, particularly youth and women, about financial products.
SBP Governor Mr. Jameel Ahmad reiterated the strategic importance of financial literacy for inclusion. He detailed goals under the National Financial Inclusion Strategy 2024-28, aiming to increase financial inclusion to 75% and reduce the gender gap in services.
Mr. Zeeshan Rehman Khattak of SECP stressed the need for collaboration in financial literacy efforts to protect the public and aid sound financial decision-making.
CEO of NCCPL, Mr. Naveed Qazi, outlined the week's agenda, emphasizing institutional collaboration for greater financial inclusion.
MD and CEO of PSX, Mr. Farrukh H. Sabzwari, noted the potential to grow Pakistan's investor base and stressed the focus on Gen Z for future financial literacy. He outlined plans to expand market participation and increase IPOs.
PSX's initiatives highlight its commitment to a financially informed and empowered Pakistan, aiming for an inclusive and prosperous future.