In order to expand existing scholarship programs of Overseas Pakistanis Foundation to provide financial support to a larger number of children of overseas Pakistanis, Board of Governors, in its 139th meeting approved in principle, the creation Overseas Pakistanis Education Fund (OPEF) as a pilot project for current financial year, for local students overseas Pakistanis only. The Board also approved an allocation of Rs. 30 Million in the next financial year budget for award of scholarship to children of overseas Pakistanis studying in Pakistan, with special focus on eligibility criteria. In this regard a comprehensive presentation including working methodology of the program was already presented to Board of Governors. In this regard, Punjab Educational Endowment Fund (PEEF) has agreed to provide OPF its technical, logistic and manpower support for the establishment of Overseas Pakistanis Education Fund (OPEF). PEEF will assist OPF in disbursement of scholarships throughout Pakistan.