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Rs 401b released under PSDP against Rs 700b allocation

byCT Report
11/04/2016
in Business
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ISLAMABAD: The federal government has so far released over Rs 400.880 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.

According to the latest data of the Ministry of Planning, Development and Reform, the government released Rs 64.049 billion for infrastructure development projects of National Highway Authority (NHA) against its total allocation of Rs 159.6 billion for FY 2015-16.

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Similarly, Rs 94.32 billion were released for Water and Power Development Authority (Wapda) Power Sector for which the government allocated an amount of Rs 113.896 billion for the current fiscal year.

A sum of Rs 16.038 billion was released for Water and Power Division (Power Sector) for its various projects for building the water reservoirs against its total allocations of Rs 30.120 billion in PSDP 2015-16.

An amount of Rs 18.499 was 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 was given Rs 14.37 billion against its total allocations of Rs 20.5 billion, while Rs 1.40 billion were released for Science and Technological Research Division against the total allocation of Rs 1.510 billion.

Under PSDP, Rs 13.316 billion were released for the Railways Division for which an amount of Rs 41 billion was earmarked for the current budget. The Ministry of National Health Services, Regulations and Coordination Division was given Rs 13.500 billion so far against the total allocations of Rs 20.701 billion, while Rs 5.107 billion were released for Finance Division out of its total allocations of Rs 12.684 billion.

Similarly, Rs 1.016 billion were released for Housing and Works Division out of its total allocations of Rs 2.730 billion. The government also released Rs 624.912 million for National Food Security and Research Division, Rs 1.04 billion for Science and Technical research Division and Rs 350 million for SPARCO.

The government released Rs 700 million for Aviation Division, Rs 190 million for Cabinet Division, Rs 1,225 million for Capital Administration and Development Division, Rs 1,133 million for Defence Divisions and Rs 585 for Defence Production Division.

Similarly, Rs 1551.086 million were released for Federal Education and Professional Training Division, Rs 646 million for Petroleum and Natural Resources Division, and Rs 1,070 million for Law, Justice and Human Rights Division.

An amount of Rs 9.406 billion was 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 13.431 billion for the development of Federally Administrative Tribal Areas (FATA) and SAFRON for which the government had allocated Rs 19.700 billion.

Similarly, Rs.4.919 billion were released for Gilgit-Baltistan development out of its total allocations of Rs.9.937 billion. The government 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 62.290 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 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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