Govt releases Rs 722.7 mln for Revenue Division projects

May 8, 2019: The government has so far released Rs 722.7 million for various ongoing and new projects of Revenue Division under the Public Sector Development Programme (PSDP) for the current fiscal year (2018-19).

The government, in its Federal PSDP, had earmarked Rs 1470.2 million for the Revenue Division projects, with foreign exchange component of Rs 552 million, according to the latest data released by of Ministry of Planning, Development and Reform.

The government released Rs 290 million for development of Integrated Transit 

Trade Management System (ITTMS) for which an amount of Rs 840 million has been allocated in the federal PSDP 2018-19, including foreign aid of Rs 550 million.

An amount of Rs 160 million have been released for establishment of Inland Revenue Offices in Pakistan for which the same amount was earmarked in the current PSDP.

The government released Rs 40 million out of Rs 80 million for construction of Regional Tax Office (RTO) at Islamabad while Rs 30 million have been released for construction of Model Customs Collectorate at Gwadar for which an amount of Rs 50 million have been earmarked.

An amount of Rs 17.1 million has been released for purchase of land for establishing Directorate of Transit Trade at Gilgit for China Pakistan Economic Corridor (CPEC) Trade Facilitation for which Rs 28.5 million have been earmarked in the current PSDP. 

The government also released Rs 15 for construction of warehouse for Model Customs Collectorate at Khokar Niaz Baig Lahore for which Rs 45 million have been allocated this year.

An amount of Rs 30 million have been released for construction of additional office block for Model Customs Collectorate at Hyderabad. 

The federal government has released Rs 564.2 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2018-19 as against the total allocation of Rs 675 billion.

Under its development program, the government has released an amount of Rs 22.66 billion for federal ministries, whereas Rs 22.9 billion for corporations and Rs 38.1 billion for special areas, according to a latest data released by Ministry of Planning, Development and Reform.

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)