Punjab Educational Endowment Fund (PEEF) was established under Section 42 of the Companies Ordinance 1984, to provide scholarships/monetary assistance to the talented and needy students for pursuing quality education with equal opportunities. This initiative was taken with initial seed money of Rs. 2 billion. Investment proceeds out of this fund is utilized for awarding need-based scholarships to students who have passed secondary and intermediate examinations from Government schools/colleges and have secured top positions in their respective districts. Its pro-active scholarship program is meant to support brilliant students and facilitating their educational journey.