Development funds: Rs 187.03 bln released in first half of FY19

December 31, 2018: The federal government has released around Rs 187.03 billion against the total allocation of Rs 675 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new schemes during first half of current fiscal year.

The released funds include Rs 79.018 billion for federal ministries, Rs 86.86 billion for corporations, and Rs 18.5 billion for special areas, according to a latest data released by Ministry of Planning, Development and Reform.

Out of these allocations , the government released Rs 81.26 billion for National Highway Authority out of total allocation of Rs 185.2 billion, whereas Rs 5.6 billion have been released for NTDC and PEPCO for which an amount of Rs 33.36 billion was allocated under PSDP 2018-19.

Similarly, Rs 2.78 billion have been released for Communication Division (other than National Highway Authority) for which the government has earmarked Rs 13.97 billion under PSDP 2018-19.

Railways Division received Rs 8.07 billion out of its total allocation of Rs 28.06 billion whereas Aviation Division received Rs 443.5 million out of total allocation of Rs 3.65 billion.

The government also released an amount of Rs 11.8 billion for various development projects of Higher Education Commission out of total allocation of Rs 30.9 billion, while Rs 10.2 billion have been released for Atomic Energy Commission.

Water Resource division received Rs 11.74 billion out of total allocation of Rs 77.9 billion under PSDP 2018-19.

The government also released Rs 1.4 billion for National Health Services, Regulations and Coordination Division, for which an amount of Rs 10.9 billion have been allocated in the federal PSDP 2018-19 while Rs 114 million have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs 285 million.

An amount of Rs 1.44 billion has been released for Finance Division out of its total allocations of Rs 12.34 billion and Rs 540.68 million have been released for Climate Change Division out of its total allocations of Rs 802.7 million for the current year.

Similarly, an amount of Rs 9.3 million has been released for Petroleum Division out of its allocations of Rs 463.2, million, Rs 1.8 billion for Planning, Development and Reform Division out of its allocations of Rs 7.03 billion whereas Rs 493.5 million have been released for SUPARCO out of its allocations of Rs 2.9 billion.

Likewise, the government also released Rs 11.17 billion for States and Frontier Region Division, Rs 4.28 billion for Interior Division, Rs 20.3 million for Human Rights Division, and Rs 408.5 million for National Food Security and Research Division.

The government also released Rs 10.7 billion for AJK (block and other projects) out of its allocations of Rs 25.8 billion, and Rs 7.8 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs 16.1 billion.

(APP)