The Punjab Educational Endowment Fund (PEEF) is an initiative of the Government of Punjab under the leadership of Chief Minister, Mr. Muhammad Shahbaz Sharif. To make it more efficient, transparent and autonomous in its functioning, it is registered under section 42 of the Companies Ordinance, 1984. 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 prospects to the less privileged and talented youth of Punjab, and bring them at par with the most fortunate ones

This endowment fund was initially established with seed money of Rs. 2 billion, which has now been raised to Rs. 8 billion. The Govt. of the Punjab has pledged to raise the endowment fund to Rs. 10 billion in the next 2-3 years. Only investment proceeds out of this fund are utilized for the award of scholarships.

Since its establishment in 2009, PEEF has awarded more than 30,000 scholarships to the meritorious students with the total disbursement of Rs. 1 billion. These scholarships are awarded to the talented and needy students for Secondary, Intermediate, Graduation and Masters level studies.

PEEF is a proactive scholarship scheme which provides funds at the doorstep of the talented and needy students. Allocation of these scholarships is on the basis of Tehsils and District wise results of students. More focus of these scholarships is towards the sixteen less developed districts, especially from southern Punjab. Special quotas for orphans, children of BS1-4 govt. employees, disabled, minorities and widows have also been allocated. Bright and needy students of other provinces have also been provided opportunities for higher education through this program

• PEEF has been established with the objective of promoting academic excellence by providing financial support to talented students to help them to realize their potential. This program envisages developing the overall personality of students and creating a critical mass of talented students that will contribute to the development of the society.


• Creation of a critical mass of talented youth for the development of society.


• Supporting the less privileged and best students of PBTE, other provinces - including AJK, FATA, ICT & Gilgit-Baltistan.


• Identification and support to extremely marginalized students through special quotas.