Rs564.2 billion released for development projects under PSDP

May 7, 2019: The federal government has released Rs564.2 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 Rs675 billion.

Under its development program, the government has released an amount of Rs22.66 billion for federal ministries, whereas Rs22.9 billion for corporations and Rs38.1 billion for special areas, according to a latest data released by Ministry of Planning, Development and Reform.

Out of these allocations, the government released Rs217.4 billion for National Highway Authority (NHA) out of its total allocation of Rs185.197 billion.

Under annual development agenda, the government also released Rs11.61 billion for National Transmission and Despatch Company and Pakistan Electric Power Company for which an amount of Rs33.365 billion was allocated under PSDP 2018-19.

Similarly, Rs10.13 billion released for Communication Division (other than NHA) as the government earmarked Rs13.977 billion in its PSDP 2018-19.

Railways Division received Rs23.22 billion out of its total allocation of Rs28.06 billion whereas Aviation Division received Rs1.33 billion out of total allocation of Rs3.65 billion.

The government also released an amount of Rs28.98 billion for various development projects of Higher Education Commission as against the total allocation of Rs30.961 billion for current fiscal year.

Under PSDP 2018-19, the government released Rs26.270 billion for the various projects of Pakistan Atomic Energy Commission, whereas the Water Resource division received Rs55.4 billion out of total allocation of Rs78.09 billion.

The government also released Rs2.96 billion for National Health Services, Regulations and Coordination Division, for which an amount of Rs12.784 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 Rs0.285 billion for the different projects of the regulatory authority.

An amount of Rs4.04 billion has been released for Finance Division out of its total allocations of Rs12.346 billion and Rs775 million released for Climate Change Division out of its total allocations of Rs0.802 billion for the current fiscal year.

Similarly, an amount of Rs324.22 million 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 Rs 6.860 billion whereas Rs15.74 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, Rs24.2 million for Human Rights Division, and Rs491.1 million for National Food Security and Research Division.

The government also released Rs24.6 billion for Azad Jammu and Kashmir (AJK) block and other projects out of its allocations of Rs25.856 billion, and Rs13.48 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)