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More than Rs 295.13b released for development projects under PSDP

byCT Report
26/01/2016
in Business
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ISLAMABAD: The federal government has released over Rs 295.13 billion for different social sector development projects under Public Sector Development Programme (PSDP) 2015-16 against the total allocation of Rs 700 billion.

According to data released by the Planning Commission, the government has released Rs 31.25 billion for infrastructure development projects under National Highway Authority (NHA) against the total allocation of Rs 159.600 billion for FY 2015-16.

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Under PSDP, Rs 62.83 billion has been released for Water and Power Development Authority (Wapda) and other power sector projects for current fiscal year to overcome the shortage of energy in the country.

Meanwhile, a sum of Rs 12.164 billion has been released for Wapda water sector projects for building the mega water reservoirs. Around Rs 18.69 billion has been released for Higher Education Commission for the year 2015-16.

So far the government has released Rs 18.5 billion for different projects of Pakistan Atomic Energy Commission for the current fiscal year.

A sum of Rs 7.81 billion has been released for uplift and improvement of the services of Railways Division as government had earmarked Rs 41 billion for the development of Pakistan Railways. Under PSDP 2015-16, a sum of Rs 10.72 billion has released for different projects of National Health Services, Regulations and Coordination Division. The government has released Rs 624.91 million for National Food Security and Research Division, Rs 420 million for Science and Technical Research Division and Rs 200 million for SPARCO respectively.

Under PSDP, Rs 8.016 billion has been released for Azad Jammu and Kashmir block and other projects. The government has released Rs 7.813 billion for the development of Federally Administrative Tribal Areas (FATA) and SAFRON.

The government has also released Rs 20 billion for Pakistan Millennium Development Goals and community development programmes aiming at achieving proper human development index by improving the standards of life in the country.

According to the details, the government has so far released Rs 96.835 billion for the developmental projects under different federal ministries and Rs 94.08 billion for corporations. The government has also released Rs 60.41 billion for Temporary Displaced Persons (TDPs) and security enhancement under current year’s development programme for the rehabilitations of TDPs.

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