Punjab Education Foundation (PEF) was established in 1991 through an Act of the Punjab Assembly. In 2004, PEF was restructured and after restructuring, the vision of the restructured foundation is to promote quality education through Public Private Partnership (PPP), encourage and support the efforts of private sector through technical and financial assistance and innovate and develop new instruments to champion wider educational opportunities at affordable cost to the poor. The Foundation has taken many initiatives for the promotion of affordable quality education for less privileged and disenfranchised sections of society and has introduced new cost effective, economical and affordable models in Public Private Partnership. The initiatives have been widely appreciated and recognized at national and international level as well. Currently, more than 2.6 million students are getting free and quality education in 7,468 partner schools across the Punjab. Punjab Education Foundation is an autonomous, statutory body of the Punjab Government which works under the auspicious guidance of its 15-member board of directors (BOD) which is headed by the Chairman selected among the private members.(www.pef.edu.pk) The Foundation has taken many innovative interventions for promotion of affordable quality school education for the less-privileged and disenfranchised sections of the society and has introduced new cost-effective, economical and affordable models through Public Private Partnership. These initiatives have been widely appreciated and recognized at national and international level by now. PEF provides financial assistance on monthly basis to partner schools on per child enrolment basis @ rate of Rs.500/- for primary level, Rs. 600/- for elementary level, Rs. 900/- for Secondary (Arts), Rs.1100/- for Secondary (Science), Rs. 1200/- for Higher Secondary (Arts) and Rs. 1500/- for Higher Secondary (Science).