PEF allocates Rs25bn for partner schools

LAHORE:The 89th meeting of the Board of Directors of Punjab Education Foundation (PEF) was held here on Friday which was chaired by PEF Chairman Malik Shoaib Awan.

According to the details, the PEF Board approved the final budget for the FY 2024-25, allocating over Rs25 billion for payments to PEF-affiliated partner schools. A sum of Rs1.5 billion was allocated for the provision of free textbooks during the current financial year. The board also approved limiting PEF’s administrative expenses to 4% of the total budget. Additionally, Rs15 million were approved for sports and extra co-curricular activities, Rs30 million for digital monitoring, and Rs20 million for the Pilot Meal Programme. The board also approved that two PEF employees would be selected annually through a ballot to perform Hajj. The board approved increase in the allowances for Grade 4 employees, including meal and overtime allowances, and also approved the annual increment for PEF employees. In his address, Malik Shoaib Awan said that the launch of the Public Schools Reorganisation Programme (PSRP) within a short span of three months was a testament to the PEF team’s efforts.