ISLAMABAD: The government has so far released more than Rs 242.215 billion for different social sector developmental projects under Public Sector Development Programme (PSDP) 2015-16 as against the total allocation of Rs700 billion.
According to latest data released by the Planning Commission of Pakistan, the government has released Rs29.316 billion for infrastructure and development projects under National Highway Authority (NHA) as compared to the total allocation of Rs 159 billion for FY 2015-16.
Under PSDP, Rs 53.637 billion has been released for Water and Power Development Authority (Wapda) and other power sector projects as against the total allocation of Rs112.288 billion for current fiscal year to overcome the shortage of energy in the country.
Meanwhile, a sum of Rs 18.692 billion for Higher Education Commission as compared to the total allocation of Rs31.100 billion for the year 2015-16.
So far, the government has released Rs 5.959 billion for different projects of Pakistan Atomic Energy Commission as against the total allocation of Rs 30.408 billion for fiscal year 2015-16.
An amount of Rs7.810 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.
About Rs 6.999 billion has released for different projects of National Health Services, Regulations and Coordination Division as against Rs 20.701 billion earmarked for current fiscal year.
The government has released Rs. 624.912 million for National Food Security and Research Division, Rs 420 million for Science and Technical research Division and Rs 100 million for SUPARCO respectively.
Where as a sum of Rs 11.774 billion for Water and Power Division (water sector) projects to strengthen the water storage capacity for irrigating purposes as well as to produce hydro power generation as government has allocated Rs 30.120 billion for WAPDA water sector projects.
Under PSDP 2015-16, an amount of Rs 4.618 billion has released for Azad Jammu and Kashmir block and other projects as against the total allocation of Rs 13.300 billion for current fiscal year while Rs 6.653 billion has released for the development of Federally Administrative Tribal Areas (Fata) and SAFRON where as government has allocated Rs 19.700 billion for fiscal year 2015-16 for uplift of these areas.
The government has also released Rs 20 billion for Pakistan Millennium Development Goals and community development programmes aiming at to achieve proper human development index by improving the standards of life in the country.
According to the details, the government has so far released Rs 68.760 billion for the developmental projects under different federal ministries and Rs 82.954 billion for corporations. The government has released Rs 52.600 billion for Temporary Displaced Persons (TDPs) and security enhancement under current year’s development programme for the rehabilitations of TDPs.
The Planning Commission of Pakistan was following a proper mechanism to release funds as per following 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.
