The Executive Committee of the Board of Trustees of the Sindh Educational Endowment Fund (SEEF) Trust, chaired by Secretary, College Education Department, Nadeem Memon, convened a meeting to review a wide range of policy matters relating to the management and utilisation of the Trust’s resources.
According to an official information today, the agenda included the investment of the SEEF Trust Fund, the appointment of a third-party audit firm, the digitalisation of the scholarship system, the inclusion of new educational institutions, and the rationalisation of seats in existing universities. The meeting was attended by Special Secretary Farrukh Shehzad, Managing Director of the Sindh Education Foundation Ghanwar Ali Laghari, Vice Chancellor of Sukkur IBA University Prof. Asif Ahmed Shaikh, Chief Investment Officer (Finance) Raza Abbas, Director Finance at IBA Karachi Moeed Sultan, and other senior officials and representatives of relevant institutions.
The committee approved the formation of a panel of financial experts to prepare a draft investment policy for the department. Secretary Nadeem Memon directed that investment decisions should maximise returns on the Trust’s funds while remaining fully compliant with applicable laws, government policies, by-laws, and regulatory requirements. The meeting also granted, in principle, approval for the appointment of a third-party audit firm for a two-year term beginning with the 2025-26 financial year.
Memon directed that the procurement process be carried out strictly in accordance with the Sindh Public Procurement Regulatory Authority (SPPRA) Rules through an open Notice Inviting Tender (NIT), with the contract to be awarded to the lowest evaluated responsive bidder after all legal and procedural requirements had been fulfilled. The meeting also directed the initiation of work on a Smart Portal for the digitalisation of the Sindh Educational Endowment Fund (SEEF) scholarship system. Secretary, College Education Department, Nadeem Memon instructed officials to finalise the proposal and submit it to the Board of Trustees for approval so that the portal could be implemented next year.
The meeting also reviewed requests from new universities and educational institutions seeking inclusion in the SEEF Trust panel. While deliberating on the rationalisation of seats in existing universities and institutions, the committee examined the Trust’s financial position and expenditure pattern. Secretary Nadeem Memon constituted a separate committee to submit its recommendations within one week and emphasised that the department must ensure financial discipline, prevent avoidable losses, and utilise available resources in the most effective manner.
He further directed that institutions with greater financial implications should be reviewed to enable a larger number of deserving students to benefit from scholarship opportunities. He said that prudent financial management and broader access to higher education would remain the guiding principles of the Trust.