The Punjab Sports and Youth Endowment Fund is an initiative of the Government of Punjab under the leadership of Chief Minister, Mr. Muhammad Shahbaz Sharif. In order to make it more efficient, transparent and autonomous in its functioning; PSYE is registered under section 42 of the Companies Ordinance, 1984. The Punjab Sports and Youth Endowment Fund was initially established with seed money of Rs.300 million, which has now been raised to Rs. 1.3 billion.
The Punjab Educational Endowment Fund is established with the objective of providing financial assistance to Special Sports Persons and Veterans and Emerging Stars to help them to realize their potential. PSYE endeavors to bring best sports opportunities to the less privileged and talented youth of Punjab, and bring them at par with the most fortunate ones. This program envisages developing the overall personality of students and creating a critical mass of talented Players that will contribute to the development of the society.