Prime Minister Muhammad Shehbaz Sharif on Wednesday launched the Pakistan Endowment Fund for Education along with the incorporation of computer coding and constitutional studies in the National Curriculum.

Addressing the launching ceremony, he said Rs 14 billion had been fixed for the program for the next four years out of which Rs 3 billion would be spent during the current fiscal year. He expressed his wish to continue this project forever with increased funding to provide opportunities for higher education to maximum deserving students.

“Our government’s tenure is going to end in August and I pray that the next elected government should give top priority to the education sector”, he said adding that funding for this program should be enhanced up to Rs 140 billion for the next 10 years. He recalled that he, as Chief Minister of Punjab launched the Punjab Education Endowment Fund (PEEF) in 2008 with an annual allocation of Rs 2 billion.

The prime minister said over 400,000 students benefited from this Fund and were now serving the country in different professions. He said the promotion of education was not aimed at politics but he considered it as worship. He vowed to pay special focus to the less developed areas of the country where the young people could not complete their studies due to lack of resources. Today, he said the board meeting of the International Monetary Fund (IMF) was going to be held which would hopefully approve the $3 billion stand-by agreement with Pakistan.

PM launches Pakistan Endowment Fund for Education, incorporation of coding, the constitution in the curriculum “This is not a matter of pride but an alarming situation that is why we always ask our friendly countries and the financial institutions to help us save from default,” he added.

Now in any case, he said “We should face the situation and show determination to make serious efforts for the development and prosperity of the country”. Giving the example of China, the prime minister said Pakistan could also regain its lost glory by paying a special focus on various sectors, especially education.

Earlier, PM Shehbaz Sharif also distributed scholarship cheques under the newly launched project among talented and deserving students.

Related: PM launches Laptop Scheme for KP students

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