Punjab Educational Endowment Fund (PEEF) has been provided with an endowment fund of more than of Rupees 14.50 Billion by Government of the Punjab.
Investment of Endowment Fund
The Government of Punjab has provided Rs. 12.500 billion for the Endowment Fund of PEEF, which have been invested in Term Deposit Receipts (TDRs) with The Banks of Punjab (BoP). For 2018 - 2019 funds allocationg to PKR. 500 million were recieved from Govt. of the Punjab through budgeting allocation for meeting the scholarshio laibilities of previous years.
Re-investment of 10% of the investment proceeds
To offset the impact of inflation on the Endowment Fund, Executive Committee in its 4th meeting held on August 19, 2009 approved the reinvestment of 10% of annual Endowment. Thereafter, Rs. 848 million by the company till Deceember 2018 has been re-invested to the Endowment Fund.
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. Scholarship Batch Audit
Scholarship Batch Audit
Audit and Transparency
|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
|2014-2015||-||Ernst & Young||-||-|