Punjab Education Foundation (PEF) is committed to put into practice complete financial discipline to ensure transparency and accurate use of funds. We believe that discipline is a necessary talent for proper financial management. Financial discipline forms the core part of the financial planning process, which guides towards establishing and maintaining discipline in financial matters.
Chairman Punjab Education Foundation (PEF) Raja Muhammad Anwar stated this while briefing the 25-member Commerce Department students' delegation of a local University at his office on Tuesday. Raja Anwar told the delegation that it has been decided to hold performance audit of the PEF working so that its performance could be further improved. The World Bank has completed third party audit evaluation of PEF programmes, he told.
He told that partnership of private institutions has helped to improve their standard of education, as 35 top positions have been bagged by the partner institutions in the Punjab Examination Commission (PEC) exams, which held recently. He said that PEF is especially working to promote education in rural and poor hinterlands where quality education is still a distant dream. Out of 129 institutions, partnered with the PEF under New School Program (NSP) in different districts, 127 are situated in rural areas where more than 6,680 girls are enrolled. PEF is planning to increase the total NSP schools' number to 200, he added. Raja Anwar impressed upon the Commerce students to develop and introduce new models of financial discipline and transparency besides devising suitable sustainability strategy to keep the development projects going on.