For Pakistan, this is a big step towards joining the international community on web3, blockchain and digital assets. The project has attracted Pakistan’s largest telco, government support and is the fastest growing Web3 company to work together.
Fasset is partnering with the Prime Minister’s Office of Pakistan to educate 1 million young people on blockchain-based technologies, Web3 and crypto as part of their Prime Minister’s Youth Program (PMYP). The partnership, with JazzCash, the country’s largest telco with over 75 million subscribers, will work on the Skills for Future Agency agenda, bringing much-needed education to the masses.
Special Assistant to the Prime Minister of Pakistan on Youth Affairs, His Excellency Shaja Khawaja said: “Over the years, the government of Pakistan has been working tirelessly to develop the skills of the youth across the country, but I believe that the private sector holds great opportunities for the youth in preparing for the future. The Prime Minister’s vision is to work in areas with major economic impact such as digital skills for the future. This forms the basis of PMYP’s partnership with Fassett. I hope our youth will take advantage of this opportunity to learn from qualified industry practitioners and the world of opportunities that arise.”
“Pakistan is among the top 3 Web 3 adopting countries in the world Apart from that, Pakistan is home to the world’s best and brightest developers, researchers and scientists in the fields of tokenization, digital assets and blockchain technology. In tandem with PMYP, Fasset hopes to create awareness and educate the next generation of Web3 adopters about the future of this game-changing space for safe, responsible, and innovative development and adoption. We believe that with the right building blocks, Pakistan’s talented youth can unlock $100 billion in potential economic growth.” – Mohammad Rafi Hussain, CEO of Faucet
Murtaza Ali, Acting CEO, JazCash, said, “This partnership will improve financial literacy by reaching out to millions of youth in underprivileged areas through digital channels. JazzCash is proud to finance any transaction required for the upcoming phases of the program. We are keen to forge alliances with like-minded organizations to advance the goal of a financially inclusive Pakistan.”
The Central Asian state’s Vision 2025 aims to bring home digitization to 63% of youth aged 15 to 33.
Two key areas for the youth skills development agenda will be addressed, covering skills for the future and skills for all.
- Working together, both organizations will develop a curriculum to teach Blockchain and Web3. The curriculum will incorporate the technical skills that youth will need to build a career in this domain, with a special focus on expanding the existing world-class Web3 developer base in Pakistan.
- Fawcett will work on developing a financial literacy series to empower young people, especially women and vulnerable communities, to build their skills. This will lead them to invest and start passive income. Through this training, participants can also earn certifications that will help them get jobs in relevant fields.
- There will be a National Innovation Award in Web3, Blockchain and related emerging technologies. Both parties will participate in the curation of the award.
The partnership aims to target the Pakistani diaspora globally, as well as improve financial literacy among millions of Pakistan’s youth in underprivileged areas. JazzCash will act as the financial enabler for this arrangement for any transaction required for the upcoming phases of the program and has shown keen interest during the stakeholder meeting to form alliances with like-minded organizations to advance the mission of a financially inclusive Pakistan.
Pakistan has one of the largest communities of freelancers worldwide, including the best developers in Web3, and Fassett believes that equipping Pakistan’s youth with the most in-demand skills will boost the freelancing economy through PMYP leadership’s vision.
The partnership will impact an estimated 1 million youth a year, creating learning and work opportunities with significant economic impact.
About Facet
Fasset is a pioneer in Web3 technology to develop emerging market economies, connect global expats to their global and local communities, and embrace digital assets for the next billion. Facet operates as a registered cryptocurrency exchange with licenses in multiple jurisdictions around the world. Sign up now to get notified about updates and news.
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