January 15, 2024 (MLN): The government has authorized the utilization of development funds amounting to Rs305.96 billion, out of a total allocation of Rs940bn, for various ongoing and new social sector uplift projects of the federal ministries and divisions during 1HFY24 under its Public Sector Development Program (PSDP), as APP reported.
Out of the total authorized/disbursed amount, the total amount spent so far on the development projects during the corresponding period stood at Rs149.67bn, 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 Rs211.78bn has been disbursed to corporations including National Highway Authority (NHA), National Transmission and Despatch Company (NTDC) and Pakistan Electric Power Company (PEPCO).
For the Aviation Division, funds amounting to Rs1.91bn have been disbursed and Rs390.17 million for the Board of Investment.
Other Budget Allocation
| Division | Amount (in Rs Billion) |
|---|---|
| Cabinet Division | 61.282 |
| Ministry of Climate Change | 1.417 |
| Commerce Division | 0.385 |
| Ministry of Communications (other than NHA) | 0.126 |
| Defence Division | 1.120 |
| Defence Production Division | 0.560 |
| Establishment Division | 0.294 |
| Federal Education & Professional Training Division | 2.975 |
| Finance Division | 1.127 |
| Provinces and Special Areas (Previously Under FD/KA&GB) | 43.265 |
| Higher Education Commission | 20.895 |
| Housing and Works Division | 14.238 |
| Human Rights Division | 0.285 |
| Industries and Production Division | 1.050 |
| Information and Broadcasting Division | 0.700 |
| Information Technology and Telecom Division | 2.100 |
| Inter Provincial Coordination Division | 0.665 |
| Interior Division | 3.482 |
| Law and Justice Division | 0.490 |
| Maritime Affairs Division | 1.705 |
| Narcotics Division | 0.052 |
| National Food Security and Research Division | 3.097 |
| National Health Services, Regulations and Coordination Division | 3.177 |
| National Heritage and Culture Division | 0.250 |
| Pakistan Nuclear Regulatory Authority | 0.0525 |
| Petroleum Division | 0.777 |
| Planning, Development and Special Initiatives Division | 7.345 |
| Poverty Alleviation and Social Safety Division | 0.175 |
| Railway Division | 11.557 |
| Religious Affairs and Interfaith Harmony Division | 0.280 |
| Revenue Division | 1.120 |
| Science & Technological Research | 2.800 |
| States and Frontier Regions Division | 0.337 |
| Water Resources Division | 38.675 |
Copyright Mettis Link News
Posted on: 2024-01-15T16:57:13+05:00
