During fiscal year 2016, Punjab government allocated PKR. 56 billion (approx.) indicating an increase of 15 % from the previous year for 717 ongoing and new development projects for education. Education sector provides immense investment opportunities.
‘Lahore Knowledge Park (LKP)’ is an initiative undertaken by the government of Punjab (GOP) in order to make Punjab in particular and Pakistan in general; into South Asia′s future nodal point for the Global Knowledge Economy. Moreover, an area of 825 acres of prized land at a prime location in Lahore has been dedicated for this purpose. The project possesses immense investment potential. In addition, many such investment opportunities exist within the education sector that require immediate attention. There has been significant investment in improvement of physical infrastructure and establishment of IT/ Science labs in secondary and higher secondary level schools along with provision of early childhood education (ECE) at primary level.
Public expenditure on education was 2.2% of GDP in fiscal year 2015 as compared to 2.1% in the previous year, showing an increase of 4.8 percent. Punjab made the maximum contribution of 38% in the total public expenditure on education amongst all provinces.