Friday, June 14, 2024

PM Shehbaz Sharif Launched Rs. 4 Billion Scholarships for Pakistani Students

Under the leadership of Prime Minister Shehbaz Sharif, the Ministry of Education has introduced a new Rs4 billion scholarship program aimed at supporting talented students who are financially needy throughout Pakistan.

In addition, the Ministry of Federal Education & Professional Training (MFEPT) has committed a total of Rs8.5 billion to improve education standards in Islamabad. This initiative, known as the “Provision of Basic (Missing) Educational Facilities in Educational Institutions of ICT,” targets both rural and urban areas within the capital. The project is scheduled for completion by June 30, 2025.

Secretary of MFEPT, Mohyudin Wani, provided details on the funding allocations: “The total Public Sector Development Program (PSDP) portfolio for the Ministry of Federal Education & Professional Training amounts to Rs8.5 billion. Out of this, Rs5.4 billion is dedicated to basic education, while Rs3.1 billion is allocated for technical education.”

Part of this ambitious program includes the establishment of the Pakistan Education Endowment Fund (PEEF) with an initial investment of Rs4 billion, a key component of the Prime Minister’s initiatives to support education.

The scholarship program is specifically designed to help students who show great academic potential but lack the financial resources to pursue higher education. This program will ensure that talented students from across the country can access the education they need to succeed.

The Rs8.5 billion allocated for enhancing education in Islamabad aims to address gaps in educational facilities, ensuring that students in both rural and urban areas of the capital have access to the resources they need. The project will focus on building and improving infrastructure, providing essential educational tools, and enhancing the quality of education.

Secretary Wani highlighted the importance of this initiative, emphasizing that improving education is critical for the country’s development. The significant investment in both basic and technical education underscores the government’s commitment to providing a comprehensive educational framework that benefits all students.

The creation of the Pakistan Education Endowment Fund (PEEF) represents a major step forward in supporting long-term educational development. With Rs4 billion allocated to this fund, the government aims to provide sustained financial support for students and educational institutions, ensuring that future generations have the opportunity to excel academically.

This comprehensive approach to enhancing education in Pakistan demonstrates a clear commitment to addressing the needs of all students, regardless of their financial background. By investing in both basic and technical education, the government aims to equip students with the skills and knowledge necessary to contribute to the country’s growth and development.

The combined efforts of the Rs4 billion scholarship program and the Rs8.5 billion allocation for improving educational facilities in Islamabad are expected to have a profound impact on the educational landscape in Pakistan. These initiatives will help bridge the gap between urban and rural education, provide better opportunities for financially needy students, and ultimately contribute to the overall development of the nation.

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