Rs. 150 billion released for PSDP
Islamabad, Pakistan: The government has released over Rs 150 billion for Public Sector Development Program (PSDP). 150.686 billion for different social sector developmental projects under Public Sector Development Programme (PSDP) 2015-16 as against the total allocation of Rs 700 billion. According to latest data released by the Planning Commission of Pakistan, government has released Rs 14.645 billion for Higher Education Commission against the total allocation of Rs 20.500 billion for year 2015-16.
The government has released Rs 2.979 billion for different projects of Pakistan Atomic Energy Commission as against the total allocation of Rs 30.408 billion for fiscal year 2015-16.
Under development programme, Rs 14.117 billion have been released for infrastructure development projects under National Highway Authority (NHA) against total allocation of Rs. 159 billion for FY 2015-16.
Meanwhile, a sum of Rs 6.669 billion has been released for uplift and improvement of the services of Railways Division as government had earmarked Rs 41 billion for the development of Pakistan Railways. Under PSDP 2015-16, a sum of Rs 1.773 billion has benn released for different projects of National Health Services, Regulations and Coordination Division as against Rs 20.701 billion earmarked for current fiscal year. The government has released Rs. 284.212 million for National Food Security and Research Division, Rs 205 million for Science and Technical Research Division and Rs 2.256 billion for Water and Power Division (water sector) projects respectively.
Under PSDP, 2015-16 an amount of Rs 2.200 billion has released for Azad Jammu and Kashmir block and other projects as against the total allocation of Rs 13.300 billion for current fiscal year while Rs 3.745 billion has been released for the development of Federally Administrative Tribal Areas (FATA) and SAFRON where as government has allocated Rs 19.700 billion for fiscal year 2015-16 for uplift of these areas.
The government has also released Rs 2 billion for Pakistan Millennium Development Goals and community development programmes aiming to achieve proper human development index by improving the standards of life in the country. According to the details, government has so far released Rs 33.504 billion for the developmental projects under different federal ministries and Rs 37.603 billion for corporations. The government has released Rs 52.600 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.
