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Pak Allocates RS 5 Billion to PMs Education Endowment for Scholarships

The Government of Pakistan has recently introduced the PM Pakistan Education Endowment Fund Scholarship program, demonstrating its commitment to advancing education in the country. As part of the federal budget for 2023-24, a substantial allocation of PKR 5 billion has been dedicated to this scholarship initiative. The federal budget, presented by Federal Minister on June 9, 2023, also highlights the governments focus on empowering the youth, with a total of PKR 80 billion earmarked for their progress. The students can get the detailed information of that Pak Allocates RS 5 Billion to PMs Education Endowment for Scholarships.

PM Pakistan Education Endowment Fund Scholarship Program

Under the leadership of Prime Minister, the establishment of the Pakistan Endowment Fund for Education has been approved, following the successful model of the Punjab Endowment Fund. This initiative aims to provide financial support to academically gifted but financially disadvantaged students from all over the country. The primary goal is to ensure that no talented individual is denied higher education due to a lack of resources. With PKR 5 billion allocated to this program, numerous students will have the opportunity to continue their studies and pursue their dreams.

Prime Minister Youth Program and Skill Development

The federal budget also acknowledges the significance of the Prime Minister Youth Program, with PKR 10 billion assigned to extend small loans to empower the young generation. Furthermore, the government has emphasized the importance of skill training, particularly in the field of information technology. Substantial funds have been allocated to provide vocational training to young individuals, enabling them to enhance their employability and contribute to the countrys development.

Support for IT Startups and Laptop Distribution

Recognizing the potential of information technology, the upcoming budget includes provisions to support IT startups. This financial backing aims to foster innovation and entrepreneurial spirit among the youth, enabling them to thrive in the digital era. Additionally, the government plans to distribute 100,000 laptops among young individuals, bridging the digital divide and promoting digital literacy nationwide.

The Government of Pakistans commitment to education and youth development is evident through the allocation of RS 5 billion to the PM Pakistan Education Endowment Fund Scholarship program. By providing financial assistance to talented yet underprivileged students, empowering the youth through skill development initiatives, supporting IT startups, and ensuring access to digital resources, the government is actively working towards creating a brighter and more prosperous future for the country.

Pak Allocates RS 5 Billion to PMs Education Endowment for Scholarships

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