Rs 169.21bn released for development projects under PSDP 2017-18

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ISLAMABAD: The federal government has launched over Rs 169.21 billion beneath its Public Sector Improvement Programme (PSDP) for the fiscal yr 2017-18 for numerous ongoing and new schemes towards their complete allocations of Rs 1001 billion.

In accordance with newest information of Ministry of Planning, Improvement and Reforms, the launched funds included Rs 38.99 billion for federal ministries and Rs 15.316 billion for particular areas.

Out of those allocations, Rs 2.6 billion was launched for Communication Division (aside from Nationwide Freeway Authority), for which the federal government has earmarked Rs 13.66 billion beneath the PSDP 2017-18.

Moreover, the Railways Division acquired Rs eight.631 billion out of its complete allocation of Rs 42.9 billion, whereas Aviation Division acquired Rs 623.14 million out of its complete allocation of Rs four.348 billion.

The federal government additionally launched an quantity of Rs 6.5 billion for numerous improvement initiatives of Larger Training Fee out of complete allocation of Rs 35.662 billion, whereas the Water and Energy Division (water sector) acquired Rs 7.38 billion out of its complete allocation of Rs 36.75 billion beneath the PSDP.

The federal government additionally launched Rs 1.718 billion for Nationwide Well being Providers, Laws and Coordination Division, for which an quantity of Rs 48.701 billion was allotted within the federal PSDP, whereas Rs 46 million was launched for Pakistan Nuclear Regulatory Authority out of its complete allocation of Rs 409.553 million.

Furthermore, an quantity of Rs 386 million was launched for Finance Division out of its complete allocation of Rs 20.143 billion, whereas Rs 163 million was launched for Local weather Change Division out of its complete allocation of Rs 815 million for the present yr.

Equally, an quantity of Rs 1.914 billion was launched for Petroleum and Pure Useful resource Division out of its allocations of Rs three.692 billion, Rs 322.053 million for Planning, Improvement and Reform Division out of its allocation of Rs 10.869 billion, whereas Rs 500 million was launched for Pakistan Area and Higher Environment Analysis Fee out of its complete allocation of Rs three.5 billion.

Likewise, the federal government additionally launched Rs 61 million for Human Rights Division, and Rs 322 million for Nationwide Meals Safety and Analysis Division.

As well as, the federal government launched Rs four.105 billion for Azad Jammu and Kashmir out of complete allocation of Rs 25.344 billion, Rs 6.126 billion for Gilgit-Baltistan out of its allocations of Rs 18.three billion, whereas Rs 5.149 billion was launched for States and Frontier Areas Division and Federally Administered Tribal Areas out of its complete allocation of Rs 26.90 billion.

The federal government additionally launched Rs 30 billion for the Prime Minister’s World Sustainable Improvement Objectives Achievement Programme, whereas Rs 900 million was launched for Earthquake Reconstruction and Rehabilitation Centre out of complete allocation of Rs 7.5 billion.

An quantity of Rs three.911 billion was additionally launched for the Prime Minister’s Youth Hunarmand Programme out of its complete allocation of Rs 20 billion.

It’s pertinent to say right here that the Planning Fee of Pakistan had been following a set mechanism for the discharge of funds, beneath which the fee launched 20% of funds within the first quarter (July-September) of a fiscal yr, 20% within the second quarter (October-December), 25% within the third quarter (January-March), and 35% within the fourth quarter (April-June).

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