ISLAMABAD: The government has released over Rs248.145 billion for different 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, government has released Rs29.316 billion for infrastructure and development projects under National Highway Authority (NHA) as compared to the total allocation of Rs159 billion for FY 2015-16.
Under PSDP, Rs53.788 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 Rs11.774 billion has been released for Water and Power Division (Wapda) water sector projects for building the mega water reservoirs as compared to total allocations of Rs. 30.120 billion in federal PSDP 2015-16.
About Rs18.692 billion has been released for Higher Education Commission as compared to the total allocation of Rs 31.100 billion for the year 2015-16. So far, the government has released Rs5.959 billion for different projects of Pakistan Atomic Energy Commission as against the total allocation of Rs30.408 billion for fiscal year 2015-16.
A sum 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. Under PSDP 2015-16, a sum of Rs 8.123 billion has released for different projects of National Health Services, Regulations and Coordination Division as against Rs20.701 billion earmarked for current fiscal year.
The government has released Rs624.912 million for National Food Security and Research Division, Rs 420 million for Science and Technical research Division and 100 million for SPARCO respectively.
Under PSDP, 2015-16 an amount of Rs4.689 billion has released for Azad Jammu and Kashmir block and other projects as against the total allocation of Rs13.300 billion for current fiscal year while Rs10.378 billion has released for the development of Federally Administrative Tribal Areas (FATA) and SAFRON where as government has allocated Rs19.700 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, government has so far released Rs 70.231 billion for the developmental projects under different federal ministries and Rs 83.104 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.
