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PEF releases Rs 1.32 billion for partner schools

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LAHORE: Punjab Education Foundation (PEF) has released Rs 1.32 billion payments for its partner schools against the fee of March 2021. According to details, the PEF management has submitted the cheque of the said amount in the bank after approval from MD PEF Asad Naeem.

In a statement, MD PEF Asad Naeem said that Rs 8 billion of PEF has been released from Finance Ministry and reached the treasurer office. Soon this amount will be transferred to the PEF bank account, he said adding that transfer of amount from Finance Department to PEF account takes much time.

He went on to say that PEF management will keep working on payments of April and May during the Eid holidays as these payments will be made during May. It has also been decided that payments of 3 lac new admissions will be made along with April and May, he added.

He also announced that the arrears of new nominations of EVS Program Phase 1 to 15 will also be made in the current month

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