ISLAMABAD: The federal government has released Rs 316.351 million for several developmental projects of Ministry of Industries and Production Division under its Public Sector Development Programme (PSDP) 2015-16.
According the data released by Planning Commission of Pakistan, the government has allocated Rs 790.881 million for 17 developmental projects under Ministry of Industries Division in the PSDP 2015-16. So far Rs 96.508 million has been released for Sialkot Business and Commerce Centre as against the allocation of Rs 241.270 for fiscal year 2015-16, the data added.
Meanwhile, a sum of Rs 34.400 million has been released for establishment of design institute specially for energy sector plants by up grading existing design centres at Heavy Mechanical Complex Taxila as compared to the total allocation of Rs 86 million.
In order to enhance the exports of gems and jewellery from the country during current financial year, the government has released Rs 24 million for development of Pakistan Gems and Jewellery Development Company as against the total allocation of Rs 60 million for the current fiscal year.
For exploiting the trade and economic potential existing in the province of Balochistan, the government has released Rs 16.900 million for establishing of infrastructure in Quetta Industrial Trading Estate phase-2, whereas the government has allocated Rs 42.250 million for the said project, it added.
Under PSDP, 2015-16, a sum of Rs 20 million released for Peshawar light engineering centres and Rs 20 million for Hyderabad engineering support centre and Rs 20 million for light engineering up gradation centre for SMEs in Balochistan respectively.
