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CPI Preview: Inflation to fall below 14% YoY in May

Govt authorizes Rs301bn for social sector projects under PSDP

Govt releases Rs3.1bn for agriculture
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November 22, 2023 (MLN): The federal government has authorized the utilization of development funds amounting to Rs300.904 billion, out of a total allocation of Rs950bn, for various ongoing and new social sector uplift projects of the federal ministries and divisions during the first four months of FY24 under its Public Sector Development Programme (PSDP).

Out of the total authorized/disbursed amount, the total amount spent so far on the development projects during the corresponding period stood at Rs76bn, according to the latest data released by the Ministry of Planning, Development and Special Initiatives.

According to the disbursement mechanism of the Planning Division, the development funds allocated in the federal budget are released at the rate of 20% in the first quarter (July-September), followed by 30% each in the second and third quarters, and the remaining 20% in the last quarter (April-June) of a fiscal year.

The detail shows that Rs61.34bn out of a total allocated amount of Rs 211.78bn has been disbursed to corporations including National Highway Authority (NHA), National Transmission and Despatch Company (NTDC) and Pakistan Electric Power Company (PEPCO), while Rs250 million have been disbursed to the Prime Minister’s Initiatives and Project Liabilities schemes out of a total allocation of Rs 850 billion. 

For the Aviation Division, funds amounting to Rs1.91bn have been disbursed and Rs390.17 million for the Board of Investment.

Other Funds Authorized

Division Authorized Amount (in Rs Billion)
Inter Provincial Coordination Division 61.282
National Food Security and Research Division 43.265
Water Resources Division 38.675
National Health Services, Regulations and Coordination Division 20.895
National Heritage and Culture Division 14.238
Revenue Division 11.557
Religious Affairs and Interfaith Harmony Division 7.345
Planning, Development and Special Initiatives Division 3.482
Railway Division 3.177
Poverty Alleviation and Social Safety Division 3.097
Maritime Affairs Division 2.975
States and Frontier Regions Division 2.8
Petroleum Division 2.1
Interior Division 1.417
Narcotics Division 1.127
Law and Justice Division 1.12
Science & Technological Research 1.12
Pakistan Nuclear Regulatory Authority 1.05
Human Rights Division 0.77773
Defence Production Division 0.7
Establishment Division 0.665
Commerce Division 0.56
Finance Division 0.50525
Federal Education & Professional Training Division 0.49
Cabinet Division 0.385
Information Technology and Telecom Division 0.33748
Ministry of Communications (other than NHA) 0.294
Defence Division 0.2849
Information an Broadcasting Division 0.28
Higher Education Commission 0.25
Industries and Production Division 0.175
Ministry of Climate Change 0.126
Provinces and Special Areas (Previously Under FD/KA&GB) 0.0525
Housing and Works Division 0.0525

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Posted on: 2023-11-22T17:26:33+05:00