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  • Jan 28th, 2018
  • Comments Off on Rs 344.35 billion released under PSDP
The government has released Rs 344.35 billion (34.4 percent), including Rs 67.6 billion foreign aid, for different development projects under Public Sector Development Program (PSDP) 2017-18 against total budgeted allocation of Rs 1001 billion.

According to latest data released by the Ministry of Planning, Development and Reform, the government has released Rs 93 billion (29.7 percent of total budgeted amount of the federal ministries) including Rs 2.34 billion foreign aid for development projects of various federal ministries against the total budgeted allocation of Rs 321.3 billion.

However, the government has not so far released funds for the development projects of various ministries, divisions and their departments including Foreign Affairs Division, Religious Affairs & Interfaith Harmony Division, Textile Industry Division, National Security Division, Special Federal Development Program, Energy for All, Clean Drinking Water for All, Special Provision for Completion of CPEC Project and Gas Infrastructure Development Cess.

The government has released Rs 15.25 billion for development projects of Pakistan Railways Division against total budgeted allocation of Rs 42.9 billion for current fiscal year 2017-18.

Rs 116.4 billion including Rs45.6 billion foreign aid have been released for infrastructure projects of National Highway Authority (NHA) against total budgeted allocation of Rs 325.7 billion. The Planning Commission has released Rs 20 billion including Rs 18.9 billion foreign aid for development projects of the Ministry of Water and Power (Power Sector) against the budgeted allocation of Rs63.3 billion.

A total of Rs 8.1 billion including Rs 233 millions foreign aid, were released for different development projects of National Health Services, Regulation and Coordination Division against the total budgeted allocation of Rs 48.7 billion under PADP-2017-18. The government has released Rs 400.26 million for different developmental projects of National Food Security and Research Division against the earmarked Rs1615.96 million for the development of agriculture sector in the country.

An amount of Rs 11.3 billion including Rs 102.75 millions foreign aid was released for Water and Power Division (Water Sector) against the budgeted allocation of Rs36.75 billion for current fiscal year. An amount of Rs 11.628 billion was released for different projects of Higher Education Commission (HEC) against total budgeted allocation of Rs 35.7 billion.

The government has released Rs14.72 billion including Rs 495.3 million foreign aid for the development projects of Azad Jammu and Kashmir against the total budgeted allocation of Rs25.84 billion for current fiscal year. Rs7.7 billion including 173.9 million foreign aid were also released for development projects of Gilgit-Baltistan against Rs 18.3 billion budgeted allocation, while Rs 10.6 billion including Rs 53.3 million foreign aid have been released for the projects of Federally Administered Tribal Areas (FATA) against the total budgeted allocation of Rs 26.9 billion.

The government has released Rs 1932.86 million to Capital Administration and Development Division, Rs 340 million to Climate Change Division, Rs 240 million to Commerce Division, Rs 5.3 billion for Communication Division (other than NHA), Rs 5.21 billion to Interior Division, Rs 114.6 million to Pakistan Nuclear Regulatory Authority and Rs 1732.09 million to Planning, Development and Reform.

The Planning Commission has released Rs 42.075 billion for Special Federal Development Program for temporarily displaced persons (TDPs) against Rs 90 billion budgeted allocation and Rs 9.2 billion for development projects of Prime Minister's Youth and 'Hunarmand' Programme under the current fiscal year 2017-18.

The government released Rs 8.94 billion including Rs 31.17 million foreign aid for Finance Division, Rs 964.86 million for Aviation Division, Rs 895.18 million for Port and Shipping Division, Rs 304.56 million for Science and Technological Research Division, Rs 218.6 million for Defense Division, Rs 6.26 billion million for Housing and Works Division, Rs 49.5 million for Information and Broadcasting Division and Rs 1.79 billion for Defense and Production Division.

The entire amount of Rs 30 billion has been released for Prime Minister's Global SDGs Achievement Program. The Planning Commission of Pakistan has so far followed the stipulated mechanism for release of funds; first quarter (July-September) 20 percent, second quarter (October-December) 20 percent, third quarter (January-March) 30 percent and fourth quarter (April-June) 30 percent.

Copyright Business Recorder, 2018


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