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Gov’t releases Rs427.463b under PSDP

Gov’t releases Rs427.463b under PSDP

ISLAMABAD: The federal government has released over Rs427.463 billion for different social sector developmental projects under Public Sector Development Programme (PSDP) 2016-17 as against the total allocations of Rs 800 billion.  The data released by ministry of Planning revealed that the government released Rs17.2516 billion till February 10 for Pakistan Atomic Energy Commission (PAEC) against its total allocations of Rs27.690 billion.

The government also released Rs111.4124 billion for infrastructure and development projects under National Highway Authority (NHA) against its total allocation of Rs 188 billion for FY 2016-17.

In addition, Rs94.7 billion have been released for Water and Power Development Authority (Power Sector) and other power sector projects as against the total allocation of Rs 130 billion for current fiscal year to overcome the shortage of energy in the country.

Meanwhile, a sum of Rs9.063 billion has been released for Water and Power Division (Water sector) projects for building the mega water reservoirs as compared to total allocations of Rs 31.716 billion in federal PSDP 2016-17.

About Rs8.5487 billion have been released for Higher Education Commission as compared to its total allocation of Rs 21.486 billion for the year 2016-17.

Similarly an amount of Rs4.013 billion has been provided to Housing and Works Division against the allocations of Rs7.687 billion while an amount of Rs2.4439 billion has been released for Finance Division out of total Rs9.4337 billion.  According to the data, the government released Rs9.43 billion for Interior Division against its total allocations of Rs 11.568 billion while an amount of Rs 9.7596 billion has been released for National Health Services, Regulations and Coordination Division out of its total allocations of Rs24.951 billion.

The government has released Rs51.403 billion for Special Federal Development Programme for Temporary Displaced Persons (TDPs) and Security Enhancement under current year’s development programme for the rehabilitations of TDPs.

The government also released Rs12.5838 billion for Azad Jammu and Kashmir (Block and other projects), Rs 4.74 billion for Gilgit-Baltistan (Block and Other Projects) and Rs15.1458 billion for SAFRON/FATA (Block and Other projects).  The Planning Commission of Pakistan has been following a proper mechanism to release funds.

The commission releases 20 percent funds in first quarter (July-September), 20 percent in second quarter (October-December), third quarter and 30 percent each in third quarter (January-March) and fourth quarter (April-June).