ISLAMABAD: The government has so far released Rs. 230.020 million for various ongoing and new projects of Revenue Division under the Public Sector Development Programme (PSDP) for the current fiscal year (2017-18).
The government in its Federal PSDP had earmarked Rs. 790.100 million for the Revenue Division projects, with foreign exchange component of Rs. 105 million, officials sources said.
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The government released an amount of Rs. 85 million for the establishment of Inland Revenue offices in the country for which an amount of Rs. 148 million has been earmarked in the federal PSDP for the current fiscal year.
An amount of Rs. 75 million has been released for development of Integrated Transit Trade Management (ITTMS) under ADB Regional Improving Border Service Project.
The total cost of this project has been estimated at Rs. 31,626 million which is being developed to modernize facilities at border crossings at Turkham, Chamman and Wagah.
The government has earmarked an amount of Rs. 255.375 for the project this year with foreign exchange component of Rs. 100 million.
The government also released Rs30 million for construction of Regional Tax Office (RTO) Islamabad out of its total allocations of Rs. 100 million during the current PSDP.
An amount of Rs. 25 million have been released for project for Security Improvement in Karachi Port and Port Qasim for Installation of three fixed and one Mobile Scanner with JICA assistance.
The government has earmarked an amount of Rs. 55 million for the project with foreign exchange component of Rs. 5 million in the PSDP 2017-18, the data revealed.
Meanwhile, the government also released Rs. 5 million for feasibilities of MCC Gawadar, RTO Islamabad and Sargodha and Directorate of Intelligence and Investigations (IIR Karachi) for which an amount of Rs10 million have been earmarked in the PSDP of the current year.
An amount or Rs5.020 million has been released for the construction of Regional Tax Office at Dere Ismail Khan for which Rs10 million have been earmarked for the fiscal year 2017-18, according to the data.
It is pertinent to mention here that the government has so far released Rs306.428 billion for various ongoing and new projects of different ministries and divisions out of total allocations of Rs1001 billion earmarked for the federal PSDP 2017-18.The Planning Commission of Pakistan follows the stipulated mechanism for release of funds: first quarter (July-September) 20 percent, second quarter (October-December) 20 per cent, third quarter (January-March) 30 per cent and fourth quarter (April-June)30 per cent.
