Exciting News for Students: PM Pakistan Education Endowment Fund Scholarship Program
The government has announced a special scholarship program called the PM Pakistan Education Endowment Fund Scholarship program. A budget of PKR 5 Billion has been allocated for this program in the federal budget of 2023-24. The budget was presented by Federal Minister Ishaq Dar on June 9, 2023. Out of the total budget, PKR 80 Billion has been set aside for the progress of young people, which includes PKR 5 billion specifically for scholarships to support talented but financially needy students.
Prime Minister Shehbaz Sharif has also approved the establishment of the Pakistan Endowment Fund for Education, following the successful model of the Punjab Endowment Fund. This fund will provide scholarships to intelligent but underprivileged students from all over the country, enabling them to continue their studies. The main goal of this fund is to ensure that no talented student is unable to pursue higher education due to a lack of resources. A significant amount of PKR 10 billion has been allocated for the Prime Minister Youth Program, which aims to provide small loans to young people. You can check that this PM Fully Funded Scholarships for Pakistani Students 2023 method to apply.
Furthermore, the government has also allocated funds to provide skill training to the youth, particularly in the field of information technology. In addition, the upcoming budget will include provisions for distributing 100,000 laptops to young individuals and offering financial support to IT startups. These initiatives aim to empower and support the youth of Pakistan in their educational and professional journeys.