Rs 370.019 mln released in for IT development projects under PSDP

News Image

MG News | January 04, 2019 at 03:21 PM GMT+05:00

0:00

January 4, 2019: The government has released around Rs 370.019 million for ongoing projects of Information Technology and Telecommunications Division under Public Sector Development Programme (PSDP) during first two quarters of 2018-19. The total allocation for these on-going projects was Rs. 1448.648 million.

As per official data, the major amount of Rs 53.4 million has been released for construction of cross-border Optical Fiber Cable (OFC) system between China and Pakistan for international connectivity, while Rs 124.032 million have been issued for expansion and up-gradation of 3G and 4G services and seamless coverage along Karakuram Highway (KKH) in support of China Pakistan Economic Corridor in Gilgit-Baltistan (GB).

Moreover, the concerned authorities also issued Rs 20 million for project launched to enhance Information Technology (IT) exports through Industry Support Programmes, while Rs. 10 million were released for enhancement of Special Communication organization (SCO) Technical Training Institute (STTI) at Gilgit in GB.

Similarly, Rs. 88.131 million have been issued for replacement of GSM network of Azad Jammu and Kashmir (AJK), Rs 1.84 million for site development and construction of boundary wall at Pakistan Software Export Board (PSEB) site to establish IT Park at Chak Shehzad, Islamabad and Rs. 73 million for Technology Park Development project at Islamabad (Phase-1).

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg