Federal govt releases Rs 42.4 million for communication projects

BusinessFederal govt releases Rs 42.4 million for communication projects

ISLAMABAD, Pakistan: The government has released an amount of Rs.42.449 for the Communication Division (other than National Highway Authority) for its various development projects under Public Sector Development Programme (PSDP).

The total allocation for the Communication Division has been fixed at Rs 364.747 million for the fiscal year 2015-16, according to the official data.

According to details, Rs 31.227 have been released for Construction for Central Police Office at Mauve Area G-11/1, Islamabad for which Rs 156.137 million have been allocated in the fiscal budget for this year.

Similarly, Rs 10.592 million have been released for Enhancement of Training Capabilities of Technology Training Institute (TTI) (Phase-IV) project for which Rs.52.962 million have been earmarked in the current year budget.

The government also released Rs 0.630 million for National Transport Research Center (NTRC) Operational Research Wing (ORW) for which Rs 3.148 million have been earmarked for the fiscal year 2015-16.

The government has also earmarked Rs 4.500 for NTRC Operational Research Programme, Rs 3 million for NTRC Axle Load Survey on National Highways and Motorways, Rs 100 million for Green Line Bus Transit System from Municipal Park, Sadder to KESC Power House, Chowrangi Surjani Karachi and Rs 25 million for establishment of National Highways and Motorway Police Training Center at Sheikhpura.

An amount of Rs 20 million have been allocated in the budget for construction of complex for National Highways and Motorways Police at Rahim Yar Khan.

It is pertinent to mention here that the government has so far released Rs 246.145 billion for various ongoing and new projects of different ministries and division under PSDP 2015-16 out of total budgetary allocations of Rs 700 billion made for the current fiscal year.

The Planning Commission of Pakistan has been following a proper mechanism to release funds following a comprehensive plan.

The commission releases 20 percent of funds during the first quarter (July- September), 20 percent in second quarter (October-December), 30 percent in third quarter (January-March) and the remaining 30 percent in the fourth quarter (April-June).

Source: APP

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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