Punjab Educational Endowment Fund (PEEF) has been provided with a financial support more then of Rupees 13.37 Billion by Government of the Punjab.
- Investment of Endowment Fund
- Re-investment of 10% of the investment proceeds
- Internal Audit
- Scholarship Batch Audit
The Government of Punjab has provided Rs. 12.94 billion for the Endowment Fund of PEEF, which have been invested in Term Deposit Receipts (TDRs) with The Banks of Punjab (BoP). Futhermore the Govt. of Punjab has allocated Rs.1.94 billion which is parked with the Punjab Cooperatives Board for Liquidation (PCBL) and only the profits of this amount are forwarded to PEEF to run its operations
To offset the impact of inflation on the Endowment Fund, Executive Committee in its 4th meeting held on August 19, 2009 approved the allocation of 10% of investment proceeds to the Endowment Fund. Thereafter, Rs. 432 million has so far been re-invested to the Endowment Fund being the 10% of the investment proceeds earned by the Company till December 2014.
100% internal audit is carried out by the Internal Audit Section to monitor the affairs of all Sections of PEEF. Internal Audit Reports are reviewed by the Audit Committee and Executive Committee and are then forwarded to the Board of Directors.
Audit and Transperancy
|Scholarship Batch Audits||Policy Review/ Impact Assessment|
|2008-2009||Grand Thornton||Grand Thornton||-||-|
|2009-2010||Grand Thornton||Grand Thornton||A.F.Ferguson||A.F.Ferguson|
|2010-2011||Grand Thornton||Grand Thornton||Ernst&Young||-|
|2011-2012||Grand Thornton||Grand Thornton||Ernst&Young
FINANCIALS REPORTSAnnual Report 2010
Annual Report 2011
Annual Report 2012
Annual Report 2013
Annual Report 2014
Annual Report 2015