Govt releases Rs 417.38 billion for development projects

April 1, 2019: The federal government has released Rs417.38 billion for various ongoing and new schemes against the total allocation of Rs675 billion under its Public Sector Development Programme (PSDP) 2018-19.

The released funds include Rs173.9 billion for federal ministries, Rs192.16 billion for corporations, and Rs31.15 billion for special areas, according to latest data released by Ministry of Planning, Development and Reform.

Out of these allocations, the government released Rs180.26 billion for National Highway Authority (NHA) out of its total allocation of Rs185.197 billion, whereas Rs11.894 billion have been released for NTDC and PEPCO for which an amount of Rs33.365 billion was allocated under PSDP 2018-19.

Similarly, Rs6.333 billion have been released for Communication Division (other than NHA) for which the government has earmarked Rs13.977 billion under PSDP 2018-19.

Railways Division received Rs16.999 billion out of its total allocation of

Rs28.06 billion whereas Aviation Division received Rs0.742 billion out of total allocation of Rs3.65 billion.

The government also released an amount of Rs18.51 billion for various development projects of Higher Education Commission out of total allocation of

Rs30.961 billion, while Rs18.46 billion have been released for Pakistan Atomic Energy Commission.

Water Resource division received Rs 45.78 billion out of total allocation of Rs78.09 billion under PSDP 2018-19.

The government also released Rs2.735 billion for National Health Services, Regulations and Coordination Division, for which an amount of Rs12.784 billion have been allocated in the federal PSDP 2018-19 while Rs0.195 billion have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs0.285 billion.

An amount of Rs2.79 billion has been released for Finance Division out of its total allocations of Rs12.346 billion and Rs0.7 billion have been released for Climate Change Division out of its total allocations of Rs0.802 billion for the current year.

Similarly, an amount of Rs 0.324 billion has been released for Petroleum Division out of its allocations of Rs0.463 billion, Rs4.067 billion for Planning, Development and Reform Division out of its allocations of Rs6.932 billion whereas Rs15.59 billion have been released for SUPARCO.

Likewise, the government also released Rs18.369 billion for States and Frontier Region Division, Rs7.908 billion for Interior Division, Rs20 million for Human Rights Division, and Rs491 million for National Food Security and Research Division.

The government also released Rs17.672 billion for AJK (block and other projects) out of its allocations of Rs25.8 billion, and Rs13.48 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs17.5 billion.

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

(APP)

 

Posted on: 2019-04-01T14:05:00+05:00

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