Khyber Pakhtunkhwa Education Foundation (KPEF) was established as a Corporate Body in 1992 under an Act of the Provincial Assembly. The principal function of KPEF was promotion and development of education in private sector in Khyber Pakhtunkhwa through financial help and other measures. All the administrative and management powers of KPEF vest in the Board of Directors. Managing Director is the Chief Executive of KPEF.
The Foundation used to give grants and loans to educational institutions and conducting short in-service training courses for teachers of private sector schools. In year 2001, it was realized that some fundamental structural and policy changes are needed in KPEF to transform it into autonomous Corporate Body as envisaged in its Act. The need was felt to change its structure, methodology, management and rest of the features in order to make it more effective . Managing Director was appointed from private sector w.e.f. January 01, 2002. To promote corporate culture of the Foundation as envisaged in its Act, it was imperative to give it the needed autonomy and freedom in conducting its business. This idea could be realized by restructuring of the organization with reduced staff and managerial positions and a clear mandate was approved in 11th FEF BOD meeting held on 16.03.02. As a result of restructuring, the managerial staff was recruited from open market on merit.