close
Thursday March 28, 2024

Rs343.78 billion released for schemes under PSDP 2017-18

By APP
January 16, 2018

Islamabad: The government has released over Rs343.78 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against the total allocations of Rs1,001 billion.

The released funds include Rs92 billion for federal ministries and Rs32.97 billion for special areas, according to data released by Ministry of Planning, Development and Reform. Out of these allocations the government has released Rs116.39 billion for National Highway Authority for which Rs325.7 billion have been allocated for the year 2017-18, whereas for WAPDA (Power) an amount of Rs19.28 billion has been released out of total allocation of Rs63.28 billion.

Similarly Rs5.276 billion have been released for Communication Division (other than National Highway Authority) for which the government has earmarked Rs13.66 billion under PSDP 2017-18.Railways Division received Rs15.247 billion out of its total allocation of Rs42.9 billion whereas Aviation Division received Rs964.8 million out of its total allocation of Rs4.348 billion.

The government also released an amount of Rs11.628 billion for various development projects of Higher Education Commission out of total allocation of Rs35.662 billion, while Rs3.643 billion have been released for Atomic Energy Commission.

Water and Power Division (water sector) received Rs10.7 billion out of its total allocation of Rs36.75 billion under PSDP 2017-18. The government also released Rs8.09 billion for National Health Services, Regulations and Coordination Division, for which an amount of Rs48.701 billion have been allocated in the federal PSDP 2017-18 while Rs114.612 million have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs409.553 million.

An amount of Rs8.942 billion have been released for Finance Division out of its total allocations of Rs20.143 billion while 326 million have been released for Climate Change Division out of its total allocations of Rs815 million for the current year.

Similarly an amount of Rs4.164 billion have been released for Petroleum and Natural Resource Division out of its allocations of Rs5.278 billion, Rs1.732 billion for Planning, Development and Reform Division out of its allocations of Rs10.869 billion whereas Rs1 billion have been released for SUPARCO out of its allocations of Rs3.5 billion.

Likewise, the government also released Rs6.26 billion for Housing and Works division while Rs80 million for Human Rights Division, and Rs385 million for National Food Security and Research Division.

The government has also released Rs14.7 billion for AJK (block and other projects) out of its allocations of Rs25.844. billion, Rs7.7 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs18.3 billion whereas Rs10.5 billion have been released for SAFRON/FATA (Block and other projects) out of its total allocations of Rs26.90 billion for the FY2018.The government also released Rs30 billion for Prime Minister’s Global SDGS Achievement Programme whereas Rs1.8 billion have been released for ERRA out of its total allocations of Rs7.5 billion. An amount of Rs9.199 billion have been released for Prime Minister’s Youth Hunarmand Programme out of its total allocations of Rs20 billion, according to the data.

The Planning Commission of Pakistan has been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism. The commission releases 20% of funds in first quarter (July September), 20% in second quarter (October December), 25% third quarter (January March) and 35% in fourth quarter (April June). -