Home »Business and Economy » Pakistan » Rs 90.59 billion released under PSDP
The federal government has released Rs 90.59 billion (13 percent) for various ongoing and new development projects under Public Sector Development Program (PSDP) 2019-20 against the total budgeted allocation of Rs 701 billion. According to latest data of PSDP 2019-20 released by the Ministry of Planning, Development and Reform, the government released Rs 19.97 billion (6.1 percent) for development projects of various ministries, divisions and related departments out of Rs 327.85 billion budgeted allocation.

The government did not release funds for Climate Change Division, Commerce Division, Finance Division, Housing and Works Division, Inter-Provincial Coordination Division, Poverty Division and Religious Affairs and Interfaith Harmony Division.

However, the government released Rs 23.12 billion for the development projects of National Highway Authority (NHA) out of Rs 154.966 billion budgeted allocation and Rs 26.78 billion have been released for security enhancement against Rs 32.5 billion budget allocation.

The government released Rs 52.7 million for development projects of Aviation Division against the total Rs 1.266 billion budgeted allocation and Rs 20 million out of Rs 100 million budgeted allocation for Board of Investment. The ministry released Rs 1.4 billion for Cabinet Division. A total of Rs 418 million have been released for development projects of Federal Education and Professional Training Division out of Rs 4.796 billion budgeted allocation, and Rs 4.6 billion have been released out of Rs 29 billion for the Higher Education Commission (HEC).

The government released Rs 1.447 billion out of Rs 9.85 billion for development projects of Interior Division and Rs 2.237 billion for National Health Services, Regulations and Coordination Division. A total of Rs 4.45 billion have been released for Foreign Affairs Division against Rs 29.05 billion budgeted allocation.

The government released Rs 4.27 billion out of Rs 24.46 billion budgeted allocation for development projects of Pakistan Atomic Energy Commission, Rs 45.75 million for Planning, Development and Reform Division, Rs 466.64 million for Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), Rs 13.58 million for Human Rights Division, Rs 11.71 million for Narcotic Control Division, Rs 60.29 million for Pakistan Nuclear Regulatory Authority, Rs 1.37 billion for Water Resources Division, and Rs 20.566 million were released for Textile Industry Division.

The Ministry of Planning, Development and Reform released Rs 1.51 billion for development projects of Railway Division against Rs 16 billion budgeted allocation. The government has released Rs 466.65 million for development project for Science and Technology Research Division, Rs 275.64 million for Revenue Division, Rs 142.38 million for Industries and Production Division, Rs 63.177 million for Information and Broadcasting Division, and Rs 269.8 million for Information Technology and Telecom Division.

The government released Rs 500 million, the entire budgeted amount, for the development projects of Earthquake Reconstruction and Rehabilitation Authority (ERRA).

The Ministry of Planning, Development and Reform has also released Rs 4.86 billion against the total Rs 27.264 billion budgeted allocation for development projects of Azad Jammu and Kashmir (AJK) and Rs 2.885 billion for the development projects of Gilgit-Baltistan against Rs 17.585 billion budgeted allocation.

The funds are released as per quarterly ceilings; 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, 2019


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