Rs 748.9 Bln Released For Development Projects Under PSDP 2017-18
Mohammad Ali (@ChaudhryMAli88) Published June 11, 2018 | 02:22 PM
The government has released over Rs 748.9 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against the total allocations of Rs 1,001 billion.
ISLAMABAD, (UrduPoint / Pakistan Point News - 11th Jun, 2018 ) :The government has released over Rs 748.9 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against the total allocations of Rs 1,001 billion.
The released funds include Rs 185 billion for Federal ministries and Rs 65.6 billion for special areas, according to latest data released by Ministry of Planning, Development and Reform.
Out of these allocations, the government has released Rs 300.8 billion for National Highway Authority for which Rs 324.72 billion have been allocated for the year 2017-18, whereas for WAPDA (Power), an amount of Rs 43.4 billion has been released out of total allocation of Rs 60.9 billion.
Similarly, Rs 8.65 billion have been released for Communication Division (other than National Highway Authority) for which the government has earmarked Rs 13.66 billion under PSDP 2017-18.
Railways Division received Rs 19.384 billion out of its total allocation of Rs 42.9 billion whereas Aviation Division received Rs 3.4 billion out of its total allocation of Rs 4.348 billion.
The government also released an amount of Rs 25.8 billion for various development projects of Higher education Commission out of total allocation of Rs 35.662 billion, while Rs 12.6 billion have been released for Atomic Energy Commission.
Water and Power Division (water sector) received Rs 33.8 billion out of its total allocation of Rs 36.75 billion under PSDP 2017-18.
The government also released Rs 18.7 billion for National Health Services, Regulations and Coordination Division, for which an amount of Rs 48.701 billion have been allocated in the federal PSDP 2017-18 while Rs 286 million have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs 321.53 million.
An amount of Rs 16.5 billion have been released for Finance Division out of its total allocations of Rs 20.
9 billion while Rs 782 million have been released for Climate Change Division out of its total allocations of Rs 815 million for the current year.
Similarly, an amount of Rs 464.4 million have been released for Petroleum and Natural Resource Division out of its allocations of Rs 554.291 billion, Rs 2.1 billion for Planning, Development and Reform Division out of its allocations of Rs 8.556 billion whereas Rs 3.4 billion have been released for SUPARCO, out of its allocations of Rs 3.5 billion.
Likewise, the government also released Rs 7.5 billion for Housing and Works division while Rs 91.5 million for Human Rights Division, and Rs 1.05 billion for National food Security and Research Division.
The government has also released Rs 24.2 billion for AJK (block and other projects) out of its allocations of Rs 25.844. billion, Rs 15.5 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs 18.3 billion whereas Rs 25.8 billion have been released for SAFRON/FATA (Block and other projects) out of its total allocations of Rs 26.90 billion for the FY2018.
The government also released Rs 30 billion for Prime Minister's Global SDGS Achievement Programme whereas Rs 6.8 billion have been released for ERRA out of its total allocations of Rs 7.5 billion.
An amount of Rs 13.7 billion have been released for Prime Minister's Youth Hunarmand Programme out of its total allocations of Rs 20 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).
Related Topics
Recent Stories
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
More Stories From Business
-
Gold rates up by Rs.2,500 per tola to Rs245,000
1 minute ago -
Miner Anglo American rejects BHP's $38.8 billion takeover bid
32 minutes ago -
Exchange rates for currency notes
3 hours ago -
Foreign exchange rates
3 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
4 hours ago -
Today Gold Rate in Pakistan 26 April 2024
4 hours ago
-
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
13 hours ago -
Pak-US officials engage to enhance trade, investment ties
14 hours ago -
Stocks fall as tech shares sink, US economy slows
14 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
16 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
16 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
16 hours ago