Government of Pakistan releases Rs 796 billion under PSDP against allocations of Rs 1001 Billion in FY18

Out of the total allocations of Rs202.106 million, the government released an amount of Rs 79.396 million for the automation project of Central Directorate of National Savings (CDNS) under the Public Sector Development Programme (PSDP) 2017-18.

An amount of Rs 202.106 was earmarked for the automation project as per the allocations of PSDP (2017-18), official sources said. The total cost of the CDNS automation project has been estimated at Rs 879.8 billion which aims at bringing more branches of the National Savings under the automation system.

Meanwhile the Ministry of Planning, Development and Reform released Rs21886.308 million for various ongoing and new projects of Finance division under PSDP.

The government in its Federal PSDP had earmarked Rs 27064.708 million for the Finance division projects, with foreign exchange component of Rs715.402 million, the sources added.

According to details, the government released Rs 9555 million for Greater Karachi Water Supply Scheme which is being developed by provincial and the federal government on cost sharing basis.

An amount of Rs 1500 million has been released for Greater Karachi Sewerage Plant (S-III) Karachi which is being developed on cost sharing basis. The government had earmarked Rs 1500 million for the project in PSDP 2017-18.

The government also released Rs 500 million for Gwadar Development Authority while an amount of Rs 300.188 million has been released for two Power Plants from Syngas (IGCC 2009) in Tharparker, with each plant having capacity of producing 50 megawatt electricity. The total cost of this project had been estimated at Rs 8898.7 million, out of which Rs 300.188 were earmarked in the fiscal year 2017-18, and has already been released.     

An amount of Rs 300 million has been released for development works in Phoolnagar and adjacent areas while an amount of Rs 250 million has been provided for flyover on Hala road bypass Patoki overhead bridge connecting rural areas with Pattoki city.     

The government also released Rs 137.335 million for bridge over Balloki Sulemanki Link at viallage Balloki to connect that entire areas with motorway and district Nankana while an amount of Rs150 has been released for construction of dual carriageway in Phoolnagar district Kasur.     

An amount of Rs150 million has been released for Energization and Functionality of Construction and Extension of Audit House, Islamabad.       

It is pertinent to mention here that in total the government has released over Rs795.997 billion under its Public Sector Development Programme (PSDP)  2017-18 for various ongoing and new schemes against the total allocations of Rs1,001 billion during the fiscal year 2017-18.

(APP)