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Government releases Rs504.931b for development projects

byCT Report
31/03/2017
in Business
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ISLAMABAD: The federal government has released Rs 504.931 billion for different social sector developmental projects under Public Sector Development Programme (PSDP) 2016-17 as against the total allocations of Rs 800 billion.

According to latest data released by ministry of Planning, the government released Rs 17.251 billion for Pakistan Atomic Energy Commission (PAEC) against its total allocation of Rs 27.690 billion.

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The government also released Rs 149.812 billion for infrastructure and development projects under National Highway Authority (NHA) against its total allocation of Rs 188 billion.

In addition, Rs 108.82 billion released for Water and Power Development Authority (Power Sector) and other power sector projects as against the total allocation of Rs 130 billion for current fiscal year to overcome the shortage of energy in the country.

Meanwhile, a sum of Rs 10.073 billion released for Water and Power Division (Water sector) projects for building the mega water reservoirs as compared to total allocation of Rs 31.716 billion. About Rs 13.347 billion released for Higher Education Commission as compared to its total allocation of Rs 21.486 billion.

Similarly an amount of Rs 4.748 billion provided to Hoing and Works Division against the allocations of Rs 7.687 billion while an amount of Rs 2.605 billion released for Finance Division out of total Rs 9.4337 billion.

The government released Rs 9.608 billion for Interior Division against its total allocation of Rs 11.568 billion while an amount of Rs 20.116 billion released for National Health Services, Regulations and Coordination Division out of its total allocations of Rs 24.951 billion.

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