Govt will allocate Rs2,021bln for projects under PSDP: Minister

News Image

MG News | June 09, 2021 at 10:02 AM GMT+05:00

0:00

June 9, 2021: Planning Minister Asad Umar says the government will allocate 2,021 billion rupees for projects under Public Sector Development Program with increase of 36.1 percent for coming fiscal year 2021-22.

Addressing a press conference in Islamabad this afternoon, he said the allocation will be for 40 percent for energy, transport and communication, 10 percent for water projects, 31 percent for social and regional equalization, 5 percent for production, science and Technology and 7 percent for Viability Gap Funding.

He said 244 billion rupees are being allocated for infrastructure motorways, highways, interprovincial roads, airport and Railways projects. He said that 3261 kilometers length of new roads will be added to the network.

He said 14 high-impact public-private partnership based projects worth 978 billion rupees are expected to be completed till October this year.

He said the government is giving special attention to improve agricultural and industrial productions which are very imperative for economic improvement. He said that investment has been made on building large dams and water conservation system as per commitment under National Water Policy.

Asad Umar said that 84.5 billion rupees will be allocated for construction of Diamer-Bhasha, Mohmand and Dasu Dams.

He said that 100 billion rupee will be allocated for de-bottlenecking and up gradation of transmission system of energy sector in the country.

The Minister said that the government is also fusing allocation in social sector. He said 44 billion rupees will be allocated for Higher Education and 105 universities to be benefited from 120 projects, while 5 billion will be provided for 6000 scholarships under Scholarship Scheme.

He said Special packages are being provided under PSDP for Southern Balochistan, Karachi Transformation Plan, Socio-Economic Development of Gilgit Baltistan, Sindh Development Plan for 14 plus priority districts and enhanced allocation for newly merged districts erstwhile FATA.

Reacting on presser of CM Sindh, Asad Umar said that 125 billion rupees will be provided to Sindh under different programs.

Giving detail about projects of China Pakistan Economic Corridor, he said that 87 billion rupees will be allocated for these projects including 78 billion rupees for CPEC Transport and Communication projects, 42 billion for Projects of Western Alignment and 7 billion for Special Economic Zones.

He said the special focus is being made on projects in backward areas of the country.

He said the government is also tackling the global warming and climate change issue with an integrated strategy which is being acknowledged and appreciated internationally.

Chairman CPEC Authority Asim Saleem Bajwa, on the occasion, briefed about projects under CPEC.

Radio Pakistan

Related News

Name Price/Vol %Chg/NChg
KSE100 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 113,390.00
108,020.00
-4475.00
-3.97%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 64.55
63.88
-0.59
-0.91%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling


August 29, 2025 at 05:46 PM GMT+05:00

SECP cuts bonus, right issue timelines



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg