Govt releases Rs4.13bn for IT sector projects

December 02, 2021: The government has so far released funds amounting to Rs4.13 billion during the current fiscal year to execute Information Technology and Telecommunication projects under the Public Sector Development Programme (PSDP 2021-22), as per reported by APP.

The federal government has allocated 9.36bn for the ongoing and new schemes of the Information Technology and Telecom Division in the public sector development program for the financial year 2021-22.

Meanwhile, Rs7.05bn were allocated for ongoing schemes and Rs2.31bn were earmarked for the new schemes for the Telecom Division

For new schemes, the government has allocated Rs400 million in the Public Sector Development Programme (PSDP 2021-22) for the establishment of an IT park in Karachi, Rs365.528mn for hybrid power solution Solarization for remote sites in AJK, Rs365.528mn for hybrid power solution Solarization for remote sites in Gilgit Baltistan, Rs160mn for national centers of Research innovation and entrepreneurship in AAI and allied technologies (NCRIE-AI) feasibility study and Rs100mn for raising smart capital through the private trading market at PSK (PSEB).

While for the ongoing schemes, Rs955mn were allocated for blended virtual education (VU), Rs312mn for the establishment of SINO-Pak center for artificial intelligence, Rs616mn for expansion of cellular services in AJK- GB, Rs500mn for protection and up-gradation of Pak-China Phase-1 CFC project of establishment of cross border connectivity project, Rs1,500mn Technology Parks Development Project (TDP) at Islamabad, Rs300mn for up-gradation of existing TDM based backhaul Microwave with IP based backhaul Microwave network in AJK and Rs500mn for up-gradation of the transmission network and replacement of optical fiber cable in AJK and GB.

APP

 

 

Posted on: 2021-12-02T13:30:45+05:00

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