The Government Khyber Pakhtunkhwa under Section 4 of KPEF Act III of 1992 as amended from time to time, constituted Board of Directors empowered with decisions on all affairs of KPEF regarding administration & management .The existing Board comprised of the following.
| S.No | Title | Position |
|---|---|---|
| 1 | Chief Minister, Government of Khyber Pakhtunkhwa | Chairman |
| 2 | Minister for Higher Education, Government of Khyber Pakhtunkhwa | Vice Chairman |
| 3 | Minister for Finance, Government of Khyber Pakhtunkhwa | Member |
| 4 | Secretary to Govt. of Khyber Pakhtunkhwa Higher Education, Archives & Libraries Department. | Member |
| 5 | Secretary to Govt. of Khyber Pakhtunkhwa Planning & Dev.Deptt. | Member |
| 6 | Nominee of Education Deptt: Government of Pakistan Ministry of Education | Member |
| 7 | Three Nominees of the Chief Minister from private sector education
Institutions including a female |
Member |
| 8 | Managing Director Bank of Khyber | Member |
| 9 | President Khyber Pakhtunkhwa Bar Council or his nominee | Member |
| 10 | President Pakistan Medical Association or his nominee | Member |
| 11 | President Chamber of Commerce and Industries, Khyber Pakhtunkhwa or his nominee | Member |
| 12 | President Pakistan Engineering Council or his nominee | Member |
| 13 | One eminent educationist nominated by Chief Minister Khyber Pakhtunkhwa | Member |
| 14 | Managing Director Khyber Pakhtunkhwa Education Foundation | Member/Secretary |
