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 |
Copyright Mettis Link News
Posted on: 2023-11-22T17:26:33+05:00
