KP finance dept releases over Rs80bn for development projects

Highest funds released are for roads construction amounting to Rs16.25bn and Rs13.27bn for multi-sectoral development

Peshawar: The Khyber Pakhtunkhwa finance department  under the Annual Development Program (ADP)  for 2022-23 has released development funds of over Rs80.54 billion to all provincial departments.

The finance department sources said that 50 percent of funds for the ongoing and approved projects have been released, however, punching of funds will take place at the end of August. In addition, sources said that the KP government does not have enough resources to punch funds for development projects. The departments would be able to get  funds after being punched by the Finance Department.

A letter sent by the KP finance department to all administrative secretaries of the province revealed that the highest funds of Rs16.25 billion have been released for roads construction, Rs13.27 billion for multi-sectoral development, Rs7.87 billion for health, and Rs6.71 billion for water supply projects. Similarly, Rs4.59 billion for primary and secondary education, Rs5 billion for sports and tourism, Rs4.19 billion for drinking water and drainage, Rs4.75 billion for urban development, Rs2.72 billion for higher education, Rs3.24 billion for agriculture, Rs2.55 billion for energy and power and Rs1.9 billion for relief and rehabilitation.

According to the letter, a total of Rs80.54 billion has been released for the ongoing and approved projects of various sectors as per the policy during the current financial year. Other departments to receive funds include Awqaf and Hajj, Establishment and Administration, Excise Taxation and Narcotics, Finance, Forests, Interior, Housing, Industries, Law and Justice, Interior, Local Government, Population welfare and social welfare, Transport, Information, Food, Minerals, and housing.

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