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Over Rs474 billion released for development projects so far

byCT Report
16/05/2016
in Business
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ISLAMABAD: The federal government has so far released over Rs 474.255 billion for different social sector development projects under Public Sector Development Programme (PSDP) 2015-16 against the total allocations of Rs 700 billion earmarked for the current fiscal year.

As sum of Rs 101.833 billion has been released for Water and Power Development Authority’s (Wapda) power sector for which the government has allocated an amount of Rs 113.896 billion for the current fiscal year, according to the latest data of the Ministry of Planning, Development and Reform.

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Similarly, Rs 21.787 billion have been released for Water and Power Division for its various projects for building the water reservoirs against its total allocations of Rs 30.120 billion in federal PSDP 2015-16.

The government released Rs 74.688 billion for infrastructure development projects of National Highway Authority (NHA) against its total allocation of Rs 159.6 billion for FY 2015-16, an amount of Rs 26.597 billion has been released for different projects of Pakistan Atomic Energy Commission against its total allocation of Rs 30.408 billion for current year.

Meanwhile, the Higher Education Commission has been provided Rs 14.053 billion against its total allocations of Rs 20.5 billion while Rs 1.493 billion released for Science and Technological Research Division against the total allocation of Rs 1.510 billion during the current fiscal year development plane. Under PSDP 2015-16, Rs 25.780 billion have been released for the Railways Division for which an amount of Rs 41 billion has been earmarked for the current budget.

Ministry of National Health Services, Regulations and Coordination Division has been provided Rs 18.321 billion so far against the total allocations of Rs 20.701 billion, while Rs 7.547 billion have been released for Finance Division out of its total allocations of Rs 12.684 billion.

Similarly, Rs 1.979 billion have been released for Housing and Works Division out of its total allocations of Rs 2.730 billion. The government also released Rs840.125 million for National Food Security and Research Division, and Rs500 million for SPARCO, according to the data.

The government has released Rs 700 million for Aviation Division, Rs 241 million for Cabinet Division, Rs 1,453 million for Capital Administration and Development Division, Rs 16 million for Climate Change Division, Rs234.850 million for Commerce Division, Rs1,583 million for Defence Divisions and Rs 900 for Defence Production Division.

Similarly, Rs 2151 million have been released for Federal Education and Professional Training Division, Rs 646 million for Petroleum and Natural Resources Division, and Rs 1197 million for Law, Justice and Human Rights Division.

An amount of Rs 13.773 billion has been released for Azad Jammu and Kashmir block and other projects as against the total allocation of Rs 13.3 billion for current fiscal year.

The government also released Rs 19.019 billion for the development of Federally Administrative Tribal Areas (FATA) and SAFRON, for which the government has allocated Rs 19.700 billion for fiscal year 2015-16 for uplift of these areas. Similarly, Rs 9.424 billion have been released for Gilgit-Baltistan development out of its total allocations of Rs 9.937 billion.

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.

The government released Rs 65.042 billion for Temporary Displaced Persons (TDPs) and security enhancement under current year’s development programme for the rehabilitations of TDPs. The Ministry of Planning, Development and Reform has been following a proper mechanism to release funds as per quarterly ceilings.

It releases 20 percent of funds in first quarter (July-September), 20 percent in second quarter (October December) and 30 percent each during third quarter (January March) and fourth quarter (April June).

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