Introduction

The Punjab Educational Endowment Fund (PEEF) is an initiative of the Government of Punjab under the leadership of Chief Minister, Mr. Muhammad Shahbaz Sharif. In order to make it more efficient, transparent and autonomous in its functioning; PEEF is registered under section 42 of the Companies Ordinance, 1984.

The Punjab Educational Endowment Fund (PEEF) was initially established with seed money of Rs.2 billion, which has now been raised to PKR. 17.10 billion. The Government of Punjab has allocated another PKR. 5 billion for the FY 2017-18. Only the investment proceeds out of this fund are utilized for the award of scholarships.

The Punjab Educational Endowment Fund is established with the objective of providing scholarship assistance to the talented and needy students for pursuing quality education with equal opportunities. PEEF endeavours to provide best educational opportunities to the less privileged and brilliant youth of Punjab, and bring them at par with the most fortunate ones.

PEEF is a proactive scholarship scheme which provides funds at the doorstep of the talented and deserving students. Allocation of these scholarships is on the basis of Tehsils and District wise results of the students. More focus of these scholarships is towards the sixteen (16) less developed districts, especially from southern Punjab. Special quotas for orphans, children of government employees of BPS1-4, special children, children belonging to minorities, and children of civilians martyred in terrorist's attacks have also been allocated. The PEEF is also providing scholarship opportunities for higher education to the talented and needy students of other provinces AJK, FATA, Gilgit Baltistan and Islamabad Capital Territory through this program. Since the commencement of its operations in 2009; the PEEF so far has awarded more than 232,000 scholarships worth more than PKR. 11.5 billion. With the inclusion of current year's (2017-18) 125,000 scholarships; the total number of scholarship awarded will be raised to more than 350,000 (approx.) worth more than PKR. 17.00 billion.

The PEEF is registered with:

• Securities and Exchange Commission of Pakistan under section 42 of Companies Ordinance, 1984.
• Federal Board of Revenue under section 10 of Finance Act 2001.

PEEF Objectives

PEEF has been established with the objective of promoting academic excellence by providing financial support to talented and deserving students to help them realize their potential. This programme envisages developing the overall personality of students and creating a critical mass of talented students that will contribute to the development of the society. Following are the four (4) major objectives of PEEF:

• Scholarship for talented and less privileged students to bring them at par with the more fortunate ones
• Creation of a critical mass of talented youth for the development of society.
• Identification and support to extremely marginalised students through special quotas.
• Supporting the less privileged and best students of Punjab Board for Technical Education (PBTE), other provinces - including Azad Jammu Kashmir (AJK) , Federally Administrated Tribal Areas (FATA), Gilgit-Baltistan (GB) and Islamabad Capital Territory (ICT).

Master's Level Scholarships

PEEF has allocated 20% of its annual scholarship quota for Master's Level Education. These scholarships are awarded to talented and deserving students enrolled in partner universities and government post graduate colleges of the Punjab. In order to be considered eligible for PEEF Master's level scholarships; the student must fulfill the following eligibility criteria. For Last date to apply visit PEEF website.

Eligibility Criteria

The students must have:

• Punjab domicile.
• Secured at least 60% marks or a minimum CGPA 2.5 in BA/ BSc/ BCOM/ BS/ BBA etc. examination held in 2015 / 2016 / 2017 (annual) in Punjab.
• Secured admission as a fulltime student in the current academic year (2017-18) in a partner university / government post graduate college of Punjab
  • Students enrolled in spring/fall session (where applicable) and morning/ afternoon / evening sessions (where applicable) are also eligible to apply for PEEF Master's scholarships.
• Declared monthly income of parents (from all sources) is equal to or less than PKR. 30,000/-
  • Children of Government employees in BPS 1-4 are exempted from the condition of income, if salary is only source of income.
  • Children of civilians martyred in terrorist attacks are also exempted from the condition of income limit.
• Besides fulfilling PEEF eligibility criteria, the prospective student must qualify the merit and need criteria of the respective University / government post graduate college.

Note

Following students are not eligible for PEEF Master's level scholarship:

• Students who have already passed / got MA / MSc / MS / MPhil etc. degree.
• Marks improvers or students who have passed examination in supplementary session.
• Students who have passed the aforementioned examination with grace marks (*).
• Availing any other educational scholarship during the current academic year.
• Beneficiary of Prime Minister Fee Reimbursement.

How to Apply

• PEEF has allocated scholarship quotas to all the partner universities and all government post graduate colleges of Punjab.
• Please download the scholarship application form from PEEF website and submit the duly filled scholarship application form to respective university / post graduate college (the scholarship application forms can also be requested from the financial aid office of the respective university / office of the principal of post graduate college).
• Scholarship application forms submitted directly to PEEF shall not be entertained.

Scholarship Stipend

Following monthly scholarship stipend rates are admissible for the year 2017-18.

• Payment of 100% tuition fees (As per PEEF Master's level scholarship policy)
• PEEF will also pay scholarship stipend to the selected scholars at the following rates.
  • Day scholar PKR. 3,000/- per month.
  • Boarder PKR. 5,000/- per month.

Disbursement of Scholarship Stipends

• PEEF scholarship stipends are disbursed on biannual basis.
• The calculation of tuition fee is made on the basis of information provided by the Partner University / Government post graduate college.
• The next scholarship installment will only be released on the basis of acknowledgement of the previous scholarship stipend and satisfactory academic performance assessment report submitted by the university / government post graduate college.

Duration of the Scholarships

• PEEF scholarships are awarded till the completion of the degree course the student is enrolled. However, if the student fails to maintain the required / satisfactory academic performance level, or is involved in any non-disciplinary act; the University/ government post graduate college and / or the PEEF, reserve the right to cancel the scholarship award.

Website Links are given below:

http://www.peef.org.pk/
https://peef.org.pk/peef-scholarships
https://peef.org.pk/masterlevel-scholarships
https://peef.org.pk/system/files/MasterLevel-Form.pdf
https://peef.org.pk/system/files/IncomeAffidavite.pdf