Over Rs216.58 billion released for developmental projects

BusinessOver Rs216.58 billion released for developmental projects

ISLAMABAD, Pakistan: The government has released over Rs216.58 billion for different social sector developmental projects under Public Sector Development Programme (PSDP) 2015-16 as against the total allocation of Rs700 billion.

According to latest data released by the Planning Commission of Pakistan, government has released Rs29.316 billion has been released for infrastructure development projects under National Highway Authority (NHA) as compared to the total allocation of Rs159 billion for FY 2015-16.

Under development programme, Rs37.507 billion has released for Water and Power Development Authority (WAPDA) power sector projects as against the total allocation of Rs112.288 billion for current fiscal year to overcome the shortage of energy in the country.

Meanwhile, a sum of Rs18.692 billion for Higher Education Commission as compared to the total allocation of Rs31.100 billion for the year 2015-16.

So far, the government has released Rs5.917 billion for different projects of Pakistan Atomic Energy Commission as against the total allocation of Rs30.408 billion for fiscal year 2015-16.

A sum of Rs7.810 billion has been released for uplift and improvement of the services of Railways Division as government had earmarked Rs41 billion for the development of Pakistan Railways.

Under PSDP 2015-16, a sum of Rs6.865 billion has released for different projects of National Health Services, Regulations and Coordination Division as against Rs20.701 billion earmarked for current fiscal year.

The government has released Rs579.212 million for National Food Security and Research Division, Rs420 million for Science and Technical research Division and 100 million for SUPARCO respectively.

Whereas a sum of Rs5.599 billion for Water and Power Division (water  sector) projects to strengthen the water storage capacity for irrigating purposes as well as to produce hydro power generation as government has allocated Rs30.120 billion for WAPDA water sector projects.

Under PSDP, 2015-16 an amount of Rs4.618 billion has released for Azad Jammu and Kashmir block and other projects as against the total allocation of Rs13.300 billion for current fiscal year while Rs6.653 billion has released for the development of Federally Administrative Tribal Areas (FATA) and SAFRON whereas government has allocated Rs19.700 billion for fiscal year 2015-16 for uplift of these areas.

The government has also released Rs20 billion for Pakistan Millennium Development Goals and community development programmes aiming at to achieve proper human development index by improving the standards of life in the country.

According to the details, government has so far released Rs58.893 billion for the developmental projects under different federal ministries and Rs66.824 billion for corporations.

The government has released Rs52.600 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.

Source: APP

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