The Punjab government has announced to give scholarships to brilliant students under the Punjab Educational Endowment Fund (PEEF) and to support them until the completion of their Masters Degree.
According to sources, the scholarships were being offered to students of Matric level and would carry on to Masters level.
The endowment fund was initially started with Rs2 billion, which had now gone up to Rs10 billion.
The sources said that the Punjab government had distributed scholarships among more than 30,000 students and the numbers were likely to increase to 40,000 in December.
Under the endowment fund, besides providing scholarships to the education institutes of Punjab, students of other institutions of the country including FAST University Islamabad, Comsats University Islamabad, Institute of Business Administration (IBA) Karachi, Ghulam Ishaq Khan Institute (GIKI) Swabi and many others would also be provided the scholarships.
Another siphon on public funds. Why should we pay taxes? Is it to fund the misadventures of our politicians?
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