LAHORE: Punjab Education Foundation (PEF) will spend Rs 12 billion on education of children from low-income groups during the current fiscal year.
This amount will be spent on free schooling projects, launched in collaboration with private partnering schools in the province. More than two million students are getting free school education under these programme. The purpose of these projects is to help rehabilitate the needy students to stand on their own feet in practical life.PEF Managing Director Tariq Mahmood said this while presiding over a meeting on utilizations of funds during 2016-17, at his office on Monday.
Different programme directors attended the meeting. He said that in order to ensure timely funding to the PEF partners every month, a proficient financial system had been designed. Similarly, he added, the PEF had also designed and implemented robust control structures that guide in financial and internal control related policies and procedures.
Mahmood vowed that the PEF would continue to play a leading role in eradicating illiteracy and ignorance by promoting free quality education at the grass-roots level.
The meeting also reviewed budgetary allocations for different free education programmes for 2016-17 and noted that online payment system was benefiting the school partners.
