PAKISTAN EDUCATION ENDOWMENT FUND – PEEF M/O FEDERAL EDUCATION AND PROFESSIONAL TRAINING ISLAMABAD
Overview and Highlights The Pakistan Education Endowment Fund (PEEF), established under Section 42 of the Companies Ordinance 1984, operates under the administrative control of the Ministry of Federal Education and Professional Training in Islamabad. As a self-sustaining entity, PEEF generates revenue from its endowment fund to finance its initiatives, ensuring it remains independent of government budget constraints. Mission: PEEF is dedicated to identifying and uplifting underserved areas across Pakistan, providing quality education and fostering socio-economic mobility among vulnerable segments of society, thereby contributing to poverty eradication. Vision: Empowering youth through skilled education to ensure employability. 2. Key Features of Pakistan Education Endowment Fund Educational Opportunities: Offering scholarships to deserving youth to help them achieve their career goals. Employment Creation: Targeting economically disadvantaged students from underdeveloped districts, focusing on disciplines with high demand in local and international markets. Sector Strengthening: Investing in high-impact sectors like Tourism & Hospitality, Agriculture, Nursing, Allied Health Sciences, Arts & Culture and Information Technology to bolster Pakistan's economy. Poverty Alleviation: Providing life-changing opportunities that enable beneficiaries to lift their Socio-Economic Conditions and support their families to out of poverty. Skill Education PEEF emphasizes bridging the gap between theoretical knowledge and practical application, significantly enhancing employability and enabling youth to contribute meaningfully to the economy. Strategic Focus PEEF’s fully funded scholarships are designed to enhance employability in fields such as Nursing, Arts and Culture, AI, InterTech, Hospitality and Tourism, IT, Cybersecurity, and Allied Health Sciences. Proven Impact Over 15,000 scholarships have been awarded to talented and needy students from underserved areas, with a commitment to increase this number annually.
3. Funding and Financial Overview: PEEF operates on a sustainable model of Endowment Fund. Currently PEEF have endowment fund of 6.4 billion, this fund is invested in TDR and other to generate Profits. PEEF allocate 80% of the profit on investments to scholarships, 10% is reinvested, and 10% covers administrative costs. 4. Success Stories Over 15,000 scholarships have been awarded to talented and needy students from underserved areas, with a commitment to increase this number annually. PEEF scholarship beneficiaries, upon completing their studies, have become invaluable assets. They not only secure jobs that support their families and uplift their socio-economic conditions but also contribute significantly to the national economy. These empowered individuals serve as beacons of hope and progress, transforming their communities and driving economic growth, proving that investing in education is the most powerful catalyst for change. Important Point Prime minister of Pakistan announced to establish Education endowment on national level For the said a previously established organization known as NEST was rebranded as PEEF. PEEF run on a sustainable model which produce its funding by investing money in the form of TDR and allocates its profits for scholarships. So the process of giving scholarship keep in cycle and no constrains and hurdles like issuance of government grants and insufficient funds avalibliblity hurdles the educational of peef Scholarships beneficiaries. selection process is very transparent and focused on needy and talented based origion from across Pakistan specially from those areas which are underserved and negelected. This Year PEEF will provide 1000 fully funded scholarships. peef pay full tuition fee for complete degree programs also hostel fees and even transportation allowances are given to students to better manage their travel etc. PEEF given scholarship in more those field which have higher employability rate like nursimg health sciences arts and culture AI Information technology tourism and hospitality climate change etc peef support BS MS and even PHD program. there are no limitation of studying in public sector institutionm peef support scholarshgip in public and private bot sector. There are more than 200 partner institution of peef in which the syudent can take admission as per his own desire. there is also a solid and very effective department of monitoring and compliance as well. Peef encourage female students to empower them peef believe in transformation through education Craeting employability, uplifting socio economic status etc
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