In order to make it more efficient, transparent and autonomous in its functioning, it is registered under section 42 of the Companies Ordinance, 1984.

The company was registered on 31st Dec. 2008 and an initial endowment fund was established with a seed money of Rs.2 billion.

8 billion and the Government of Punjab, Pakistan has pledged to raise the endowment fund to Rs.

PEEF is established with the objective of providing scholarships to talented and needy students for pursuing quality education with equal opportunities.

The Punjab Educational Endowment Fund endeavors to bring best educational opportunities to the less privileged and talented youth of Punjab, and bring them at par with the most fortunate ones and is striving to achieve the following objectives: Since the commencement of its operations in 2009; PEEF has so far awarded more than 41000 scholarships worth more than PKRs.