Constitution and Policy

Endowment fund was approved in 5th Authority Meeting under the chairmanship of Chief Minister Punjab, Mian Muhammad Shahbaz Sharif on 07 October 2010.Consequently a separate bank account was opened in Bank of Punjab and seed money of Rs 10 million was received from the Finance Department, Government of the Punjab. As per the Policy the principal sum invested in the fund from time to time shall remain in perpetuity and only the income derived there from shall be applied towards the Principal provided above. Contribution from other sources approved in the policy include:

  • Donations from corporate sector, individuals and individual groups
  • Income generated from schools
  • Profit received from bank accounts