PEEF meaning in Community ?

What is Punjab Educational Endowment Fund mean?

The Punjab Educational Endowment Fund (PEEF) is a program governed by the Government of Punjab to establish opportunities for the bright boys and girls students. It was started in 2008 by its chairman Shahbaz Sharif (Chief Minister of the Punjab). It gives the scholarship to bright students which cannot afford their fees. The Punjab Educational Endowment Fund (PEEF) is an initiative of the Government of Punjab. In order to make it more efficient, transparent and autonomous in its functioning, it is registered under section 42 of the Companies Ordinance, 1984.The company was registered on 31st Dec. 2008 and an initial endowment fund was established with a seed money of Rs.2 billion. The endowment fund has now been increased to Rs. 8 billion and the Government of Punjab, Pakistan has pledged to raise the endowment fund to Rs. 10 billion during the current FY 2012-13. Only the investment proceeds out of this fund are utilized for the award of scholarships.PEEF is established with the objective of providing scholarships to talented and needy students for pursuing quality education with equal opportunities. The Punjab Educational Endowment Fund endeavors to bring best educational opportunities to the less privileged and talented youth of Punjab, and bring them at par with the most fortunate ones and is striving to achieve the following objectives:

Scholarship for talented and less privileged students of Pakistan, specially Punjab, Pakistan, to bring them at par with the more fortunate one'sCreation of a critical mass of talented youth for the development of societyIdentification and support to extremely marginalized students through special quotasSupporting the less privileged and best students of PBTE, other provinces - including Azad Kashmir, FATA, Gilgit-Baltistan & Islamabad Capital Territory.

Since the commencement of its operations in 2009; PEEF has so far awarded more than 41000 scholarships worth more than PKRs. 2 billion.

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