Over Rs. 45.332 Billion Released For Developmental Projects
ISLAMABAD,(UrduPoint / Pakistan Point News - 18th Augst,2016) : The government has released Rs 45.332 billion for different social sector developmental projects under Public Sector Development Programme (PSDP) 2016-17 as against the total allocation of Rs 800 billion. According to latest data released by the Planning Commission of Pakistan Rs.
2.704 billion has released for different projects of Pakistan Atomic Energy Commission as against the total allocation of Rs. 27.04 billion for fiscal year 2016-17. In order to improve and modernize the road infrastructure, the government has released Rs.
18.183 billion for different developmental projects under National Highway Authority as compared to the allocated of Rs.188 billion for current year's development programme. The government has also released Rs.7.408 billion for uplift and development of Pakistan Railways in order to improve the performance and service delivery of Railways as against the total allocation of Rs.
41 billion for the current financial year. Under PSDP 2016-17, an amount of Rs.248.407 million has released for different developmental projects of National food Security and Research Division as the government had earmarked Rs.
15.20 billion for the development of agriculture sector in the country. Meanwhile, a sum of Rs. 2,012 million has released for different projects of Planning, Development and Reforms Division as against Rs.
6,554.164 million for the fiscal year 2016-17. Rs. 2.300 billion has released for Interior Division as the government has earmarked Rs. 11,554 million for different developmental projects of Interior Ministry. So far, the government has released Rs.
60 million for Water and Power division (water sector) against the total allocation of Rs. 31,716.370 million for current financial year in order to build water reservoirs to overcome the future demand of water, Under PSDP, 2016-17 an amount of Rs.
2,300 million has released for Azad Jammu and Kashmir block and other projects as against the total allocation of Rs. 14.700 billion for current fiscal year. According the details, the government has so far released Rs.
18.183 billion for the developmental projects under different Federal ministries and Rs. 18.884 billion for corporations. The government has released Rs. 5.164 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.