The probe committee will identify elements responsible for any negligence in security of the university and was directed to submit its report within five days.
The high-level panel would be led by Commissioner Peshawar division.
The decision was taken during an extraordinary meeting of the Apex Committee with Governor Khyber-Pakhtunkhwa Sardar Mehtab Ahmed Khan held at the Governor House here in the wake of the Wednesday attack that also injured several people.
The Apex Committee reviewed the development and progress made in the investigation of the terror attack on the university in Charsadda, some 50 kms southwest of Peshawar, in a grim reminder of the army school carnage in 2014.
The Committee was told that on credible information, effective action has been taken against the gang and facilitators involved in the horrific attack.
The political and military leadership reiterated their strong commitment and firm resolve to bring the killers of innocent children and citizens to justice and that they would be dealt with iron hands.
The committee decided to review protective measures put in place for all educational institutes of the province and said action would be taken against those who did not take mandatory security measures for safety of their schools.
The committee stressed the need for effective measures for solution of problems related to border management to counter the menace of terrorism.
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