Govt releases Rs53.615 billion for development projects

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Islamabad: The government has so far released Rs53.615 billion under its Public-Sector Development Programme (PSDP) for the fiscal year 2017-18 for various ongoing and new schemes against their total allocations of Rs.1001 billion.

The released funds include Rs5083.980 million for federal ministries and Rs14,420 million for special areas, according to data of Ministry of Planning, Development and Reform. Out of these allocations, Rs2600 million have been released for Communication Division (other than National Highway Authority) for which the government has earmarked Rs13660 million under PSDP 2017-18.

The government also released Rs163 million for Climate Change Division out of its total allocations of Rs815 million for the current year while Rs300.188 million have been released for Finance Division of its allocations of Rs20143.333 for current fiscal year.

The government also released Rs600 million for National Health Services, Regulations and Coordination Division, for which an amount of Rs48701.460 million have been given in the federal PSDP 2017- 18 while Rs46 million have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs409.553 million.

An amount of Rs723.932 have been released for Petroleum and Natural Resource Division out of its allocations of Rs2992.846 million, Rs150 million have been released for Planning, Development and Reform Division out of its allocations of Rs11498.353 million while Rs500 million have been released for SUPARCO out of its allocations of Rs3500 million.

The government released Rs4040 million for AJK (block and other projects) out of its allocations of Rs25344.303 million Rs5578 for Gilgit-Baltistan (block and other projects) out of its allocations of Rs18300 million while Rs4802 million have been released for SAFRON/FATA (Blocak and other projects) out of its total allocations of Rs26,900 million for the FY2018.

The government also released Rs30,000 million for Prime Minister’s Global SDGS Achievement Programme while Rs900 million have been released for ERRA out of its total allocations of Rs7500 million.

An amount of Rs3211.746 million have been released for Prime Minister’s Youth Hunarmand Programme out of its total allocations of Rs20000 million, according to the data. The Planning Commission of Pakistan has been following a proper mechanism for the release of funds and so funds are released as per given mechanism.

The commission releases 20% of funds in first quarter (July – September), 20% in second quarter (October December), 25% third quarter (January March) and 35% in fou