This study retrospects the idea of financial assistance program (school voucher program) proposed by Milton Friedman, lately developed by Peacock, Wiseman and Jencks. It examines the current education voucher program of Punjab education foundation designed for students of low-income families. The research aims to see efficacy of Public Private Partnership in school education in Punjab. It analyzes private schools choices for poor students through government financial subsidy program for basic education in Punjab. The financial subsidy program has become pervasive recently. The research was descriptive in nature based on opinions of Program administrators/Directors of Punjab Education foundation, Schools owners, Principals, teachers and parents related to private schools of Punjab education foundation. The results drawn through observation, questionnaires, interviews. checklists indicated that this program increases choices for poor families to enroll their children in schools of their preference because of quality, pedagogical approaches, affordability and geographical location regardless of financial barriers.