Govt releases Rs93mn of Rs790.1mn allocated for Revenue Division projects

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ISLAMABAD: The government has so far released over Rs 93 million under its Public Sector Development Programme (PSDP) for various projects of Revenue Division out of its total allocations of Rs 790.1 million for the fiscal year 2017-18.

Out of the released amount, Rs 40 million have been released for the establishment of Inland Revenue offices in the country for which an amount of Rs 148 million has been earmarked in the federal budget for the current fiscal year.

The government also released Rs 35 million for development of Integrated Transit Trade Management System (ITTMS) under Asian Development Bank (ADB) regional improving border service project, official sources said.

The government would spend as many as Rs 255.375 million on the project during the current fiscal year (2017-18).

The government also released Rs 15 million for the project for security improvement in Karachi Port and Port Qasim for Installation of three fixed and one mobile scanner with the assistance of JICA.

The total allocations for the project under PSDP 2017-18 have been earmarked at Rs 55 million, according to official data.

Out of the total allocations of Rs 10 million earmarked for the construction of Regional Tax Office (RTO) Dere Ismail Khan, the government has so far released Rs 3 million for the project.

Meanwhile, in total the government has so far released Rs 169.210 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 Planning Commission of Pakistan has been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism.

The commission releases 20% of funds in the first quarter (July-September), 20% in the second quarter (October December), 25% a third quarter (January March) and 35% in the fourth quarter (April June).