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Government releases Rs. 344.34 billion for development projects under PSDP 2017-18

The government has released over Rs. 344.34 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against the total allocations of Rs. 1,001 billion.

The released funds include Rs. 92.6 billion for federal ministries and Rs. 32.97 billion for special areas, according to data released by Ministry of Planning, Development and Reform.

Out of these allocations, the government has released Rs. 116.39 billion for National Highway Authority for which Rs. 325.7 billion have been allocated for the year 2017-18, whereas for WAPDA (Power) an amount of Rs. 19.28 billion has been released out of total allocation of Rs. 63.28 billion.

Similarly, Rs. 5.276 billion have been released for Communication Division (other than National Highway Authority) for which the government has earmarked Rs. 21.6 billion under PSDP 2017-18.

Railways Division received Rs. 15.247 billion out of its total allocation of Rs. 42.9 billion whereas Aviation Division received Rs. 964.8 million out of its total allocation of Rs. 4.348 billion.

The government also released an amount of Rs.11.628 billion for various development projects of Higher Education Commission out of total allocation of Rs. 35.662 billion, while Rs. 3.643 billion have been released for Atomic Energy Commission.

Water and Power Division (water sector) received Rs. 11.27 billion out of its total allocation of Rs. 36.75 billion under PSDP 2017-18. The government also released Rs. 8.09 billion for National Health Services, Regulations and Coordination Division, for which an amount of Rs. 48.701 billion have been allocated in the federal PSDP 2017-18 while Rs. 114.612 million have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs. 321.53 million.

An amount of Rs. 8.942 billion have been released for Finance Division out of its total allocations of Rs. 25.051 billion while

Rs. 326 million have been released for Climate Change Division out of its total allocations of Rs. 815 million for the current year. Similarly an amount of Rs. 4.194 billion have been released for Petroleum and Natural Resource  Division out of its allocations of Rs. 6.203 billion, Rs. 1.732 billion for Planning, Development and Reform Division out of its allocations of Rs. 10.4 billion whereas Rs. 1 billion have been released for SUPARCO out of its allocations of Rs. 3.5 billion.

Likewise, the government also released Rs. 6.26 billion for Housing and Works division while Rs. 80 million for Human Rights Division, and Rs. 400 million for National Food Security and Research Division.

The government has also released Rs. 14.7 billion for AJK (block and other projects) out of its allocations of Rs. 25.844. billion, Rs.7.7 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs. 18.3 billion whereas Rs. 10.5 billion have been released for SAFRON/FATA (Block and other projects) out of its total allocations of Rs. 26.90 billion for the FY2018.

The government also released Rs. 30 billion for Prime Minister’s Global SDGS Achievement Programme whereas Rs. 1.8 billion have been released for ERRA out of its total allocations of Rs. 7.5 billion.

An amount of Rs. 9.199 billion have been released for Prime Minister’s Youth Hunarmand Programme out of its total allocations of Rs. 20 billion, according to the data.

The Planning Commission of Pakistan has been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism. The commission releases 20% of funds in fiRs.t quarter (July September), 20% in second quarter (October December), 25% third quarter (January March) and 35% in fourth quarter (April June).

Posted on: 2018-01-23T14:26:00+05:00
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