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Government releases Rs 470.2 billion for development projects

April 15, 2019: The federal government has so far released Rs. 470.2 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2018-19 as against the total allocation of Rs. 675 billion.

Under its development program, so far the government had released an amount of Rs. 192.714 billion for federal ministries, whereas Rs. 219.757 billion for corporations and Rs. 37.6011 billion for special areas, according to latest data released by Ministry of Planning, Development and Reform.

Out of these allocations, the government released Rs. 208.835 billion for National Highway Authority (NHA) out of its total allocation of Rs. 185.197 billion.

Under annual development agenda, the government had also released Rs. 10.921 billion have been released for NTDC and PEPCO for which an amount of Rs. 33.365 billion was allocated under PSDP 2018-19.

Similarly, Rs. 6.632 billion have been released for Communication Division (other than NHA) as the government had earmarked Rs. 13.977 billion in its PSDP 2018-19.

Railways Division received Rs16.999 billion out of its total allocation of Rs. 28.06 billion whereas Aviation Division received Rs. 1039.540 million out of total allocation of Rs. 3.65 billion.

The government had also released an amount of Rs. 18.510 billion for various development projects of Higher Education Commission as against the total allocation of Rs. 30.961 billion for current fiscal year.

Under PSDP 2018-19, the government had released Rs. 26.270 billion for the various projects of Pakistan Atomic Energy Commission, whereas the Water Resource division received Rs. 53.373 billion out of total allocation of Rs. 78.09 billion.

The government had also released Rs. 2.773 billion for National Health Services, Regulations and Coordination Division, for which an amount of Rs. 12.784 billion have been allocated in the federal PSDP 2018-19.

While Rs. 0.276 billion had released for Pakistan Nuclear Regulatory Authority as the government had allocations an amount of Rs. 0.285 billion for the different projects of the regulatory authority.

An amount of Rs. 4.604 billion has been released for Finance Division out of its total allocations of Rs12.346 billion and Rs. 0.7 billion have been released for Climate Change Division out of its total allocations of Rs. 0.802 billion for the current fiscal year.

Similarly, an amount of Rs. 0.324 billion has been released for Petroleum Division out of its allocations of Rs. 0.463 billion, Rs. 4.067 billion for Planning, Development and Reform Division out of its allocations of Rs. 6.860 billion whereas Rs. 15.596 billion have been released for SUPARCO.

Likewise, the government also released Rs. 18.369 billion for States and Frontier Region Division, Rs. 7.908 billion for Interior Division, Rs20.300 million for Human Rights Division, and Rs. 491.01 million for National Food Security and Research Division.

The government also released Rs. 24.121 billion for Azad Jammu and Kashmir (AJK) block and other projects out of its allocations of Rs. 25.856 billion, and Rs. 13.480 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs. 17.534 billion.

The Planning Commission of Pakistan follows the specific mechanism for release of funds. During first quarter (July-September) it releases 20 percent of development funds, in second quarter (October-December) 20 percent, third quarter (January-March) 30 per cent and fourth quarter (April-June) 30 percent.

(APP)

Posted on: 2019-04-15T15:13:00+05:00

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