Lakson, Beaconhouse announce $2m investment in education technology

Initiative would benefit students from low-income background

ISLAMABAD: Lakson Investment Venture Capital and Beaconhouse have announced an investment of $2 million in the education technology sector in Pakistan.

Lakson Investment Venture Capital Managing Partner Faisal Aftab said that it was the country’s largest investment in education technology and announced that it would continue to assist the education sector in upcoming years too.

This was announced in a press conference held at National Press Club on Wednesday in which Lakson’s Aftab, Knowledge Platform Country Manager Talha Munir Khan, and Executive Director Beaconhouse Nasir Kasuri participated.

On the occasion, Aftab said that the investment would benefit students from a low-income background. He added that measures were aimed to make education in Pakistan at par with modern standards.

Kasuri said that it was a pilot project of Knowledge Platform in Beaconhouse schools and was free for students who wanted to use it.

Moreover, Munir said that Lakson Investment and Beaconhouse were jointly investing in education technology.

He added that as of now, there were 65 million children of school-going age in the country of which 22.25 million could not attend schools owing to different reasons. Even those who go to schools were not getting proper education, he said.

Munir said technology was rapidly changing lives and asked, “Will the teachers keep teaching through traditional methods?”

He added that they started a programme for improving the quality of education in 2015, while 400,000 children in China benefitted from the solution.

“We introduced this solution to 75 schools for girls in Islamabad and our smart school project also remained successful in the federal capital.,” Munir said and added that 50 per cent improvement was recorded, in learning mathematics and English.

He pointed out that the system has a digital teaching plan through which the students can be taught effectively.

Munir said that they wanted to improve the quality of education with available facilities and demanded to provide a digital solution to teachers and children across the country.

He said they were currently working in 300 schools and planned to improve small neighborhood schools with the assistance of Beaconhouse.

The official added that Lakson Group was investing to fulfill their dreams.

Published in The Express Tribune, October 3^rd, 2019.