Pakistan, May 16 -- The Maritime Educational Endowment Fund is being designed as a long-term financing mechanism for the maritime sector with projections indicating a potential Rs25 billion scholarship corpus over 10 years and cumulative disbursements of about Rs12 billion benefiting around 65,000 students.

The matter was discussed at a meeting chaired by Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Friday to review progress on the proposed fund, which aims to expand access to maritime education and support workforce development in the sector, said a press release.

Junaid Chaudhry described the fund as a "self-sustaining financial platform" to deliver scholarships and strengthen capacity-building across the ma...