Sunday, August 14, 2022
HomeEconomyGovt releases Rs 638.9 bln for development projects in 2018-19

Govt releases Rs 638.9 bln for development projects in 2018-19

July 2, 2019: The federal government has released Rs 638.9 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2018-19 till June 30 2019, as against the total allocation of Rs 675 billion.

Under its development program, the government has released an amount of Rs 256.7 billion for federal ministries, whereas Rs 244.7 billion for corporations and Rs 42.4 billion for special areas, according to a data released by Ministry of Planning, Development and Reform on Tuesday.

Out of these allocations, the government released Rs 230.8 billion for National Highway Authority (NHA) out of its total allocation of Rs 185.197 billion.

Under annual development agenda, the government also released Rs 13.9 billion for National Transmission and Despatch Company and Pakistan Electric Power Company for which an amount of Rs 33.365 billion was allocated under PSDP 2018-19.

Similarly, Rs 10.14 billion released for Communication Division (other than NHA) as the government earmarked Rs13.977 billion in its PSDP 2018-19.

Railways Division received Rs 23.26 billion out of its total allocation of Rs 28.06 billion whereas Aviation Division received Rs 1.72 billion out of total allocation of Rs 3.65 billion.

The government also released an amount of Rs 29.57 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 released Rs 26.7 billion for the various projects of  Pakistan Atomic Energy Commission, whereas the Water Resource division received Rs 76.6 billion out of total allocation of Rs 78.09 billion.

The government also released Rs 3.38 billion for National Health Services, Regulations and Coordination Division, for which an amount of Rs 12.784 billion allocated in the federal PSDP 2018-19.

While Rs 276 million released for Pakistan Nuclear Regulatory Authority as the government allocated an amount of Rs 0.285 billion for the different projects of the regulatory authority.

An amount of Rs 4.99 billion has been released for Finance Division out of its total allocations of Rs 12.346 billion and Rs 775 million 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 338 million released for Petroleum Division out of its allocations of Rs 0.463 billion, Rs 4.14 billion for Planning, Development and Reform Division out of its allocations of Rs 6.860 billion whereas Rs 16 billion have been released for Pakistan Space and Upper Atmosphere Research Commission.

Likewise, the government also released Rs25.56 billion for States and Frontier Region Division, Rs10.8 billion for Interior Division, Rs 24.2 million for Human Rights Division, and Rs 725.7 million for National Food Security and Research Division.

The government also released Rs 26.08 billion for Azad Jammu and Kashmir (AJK) block and other projects out of its allocations of Rs 25.856 billion, and Rs16.3 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs17.534 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: 2019-07-02T17:09:00+05:00

28707

RELATED ARTICLES
- Advertisment -

Most Popular