Sindh Educational Endowment Fund (SEEF) Trust, on Tuesday, approved key reforms, including framing an investment policy and Smart Portal for digitizing scholarship system.
SEEF Trust approves key reforms including investment policy, digitizing scholarship system
KARACHI, Jun 30 (APP):Sindh Educational Endowment Fund (SEEF) Trust, on Tuesday, approved key reforms, including framing an investment policy and Smart Portal for digitizing scholarship system.
The Executive Committee of the Board of Trustees of the SEEF Trust met here with Secretary, College Education Department, Nadeem Memon, in chair, to review a range of policy matters relating to the management and utilisation of the Trust’s resources, including investment of the SEEF Trust Fund, appointment of a third-party audit firm, digitalisation of the scholarship system, inclusion of new educational institutions and rationalisation of seats in existing universities.
The committee approved the formation of a panel of financial experts to prepare a draft investment policy for the department. The secretary directed that investment decisions should aim to maximise returns on the Trust’s funds while remaining fully compliant with applicable laws, government policies, by-laws and regulatory requirements.
The meeting also approved, in principle, the engagement of a third-party audit firm for a two-year term beginning with the financial year 2025-26. The meeting also reviewed requests from new universities and educational institutions seeking inclusion in the SEEF Trust panel.
The meeting directed the initiation of work on a Smart Portal for the digitalisation of the Sindh Educational Endowment Fund (SEEF) scholarship system. Nadeem Memon instructed that the proposal be finalised and submitted to the Board of Trustees for approval.
Deliberating on the rationalisation of seats in existing universities and institutions, the committee examined the Trust’s financial position and expenditure pattern. The chair constituted a separate committee to submit recommendations within a week, emphasizing that the department must ensure financial discipline, prevent avoidable losses and utilise available resources effectively.
Prudent financial management and wider access to higher education would remain the guiding principles of the Trust, the Secretary College Education stated and directed to review financial details and identify institutions with higher financial implications.
The meeting was attended by Special Secretary Farrukh Shehzad, Managing Director, Sindh Education Foundation, Ghanwar Ali Laghari, Vice Chancellor, Sukkur IBA University, Prof Asif Ahmed Shaikh, Chief Investment Officer (Finance) Raza Abbas, Director Finance, IBA Karachi, Moeed Sultan, and other senior officials and representatives of relevant institutions.
