- Development funds of Rs 69.8 bn released under Public Sector Development Programme (PSDP) 2019-20
Development Funds Of Rs 69.8 Bn Released Under Public Sector Development Programme (PSDP) 2019-20
Faizan Hashmi 10 days ago Wed 11th September 2019 | 01:20 PM
The federal government has so far released Rs 69.8 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20, as against the total allocation of Rs 701 billion
ISLAMABAD, (UrduPoint / Pakistan Point News - 11th Sep, 2019 ) :The Federal government has so far released Rs 69.8 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20, as against the total allocation of Rs 701 billion.
Under its development program, the government has released an amount of Rs 16.16 billion for federal ministries, Rs 18.6 billion for corporations, and Rs 7.7 billion for special areas, according to a latest data released by Ministry of Planning, Development and Reform.
Similarly, for Higher education Commission an amount of Rs 4.6 billion out of its total allocation of Rs 29 billion while Rs 4.3 billion were released for Pakistan Atomic Energy Commission for which the government allocated Rs 24.4 billion for the corresponding period.
Under annual development agenda, the government also released Rs 1.5 billion for railways division out of total allocation of Rs 16 billion, Rs 1.44 billion for Interior Division, and Rs 2.2 billion for National Health Services, Regulations, and Coordination Division.
The government also released Rs 4.86 billion for Azad Jammu and Kashmir (AJK) block and other projects out of its allocations of Rs 27.26 billion and Rs 2.88 billion for Gilgit Baltistan (Block and other projects).
The Planning Commission of Pakistan follows the specific mechanism for release of funds. During first quarter (July-September) it releases 20 percent of development funds, in second quarter (October-December) 20 percent, third quarter (January-March) 30 per cent and fourth quarter (April-June) 30 percent.