LAHORE - Provincial Minister for Education Rana Mashhood Ahmed Khan on Saturday said that Punjab government will be able to achieve the millennium development goal of 100 percent literacy rate in 2015, one year before the stipulated timeframe, on account of the additional financial resources provided in the budgetary proposals for the fiscal year 2014-15.
While presiding over a meeting regarding sector reforms in education sector he said that the Punjab budgetary proposals for financial year 2014-15 is people-friendly in real sense as the priorities and targets fixed in the budget reflects that the budget will result in prosperity of deprived segments of the society.
The minister said that annual budget of Punjab was in accordance with the vision of Punjab Chief Minister which considers education the best investment. He said PML-N government had allocated an overall amount of Rs 273 billion for education sector at provincial and district level and the provincial government share had increased from Rs65.20 billion to 92.65 billion and this increase is 40 percent more than previous year.
The minister said that allocation of two billion rupees more for Punjab Educational Endowment Fund, Rs 7.5 billion for setting up of new Daanish Schools in Lodhran, Mailsi, Jhang, Taunsa and Fort Monro and Rs48.31 billion for development projects of education sector is a revolutionary step.
Rana lauded the allocation of more than Rs 14 billion in development budget of Higher Education, establishment of new colleges and three new women universities at Rahim Yar Khan, Sahiwal and Okara besides giving practical shape to knowledge park in Lahore over 705 acres of land.
The decision of expanding the scope of distribution of educational vouchers for 15 lakh poor students acquiring free education in private schools with the financial assistance by Punjab Education Foundation will leave a far-reaching impact on the poor segment of the society, the minister added.