Govt Releases Rs39.371 Mln For Commerce Division Projects
Muhammad Rameez Published November 04, 2016 | 02:10 PM
ISLAMABAD, Nov 4 (UrduPoint / Pakistan Point News - 04th Nov, 2016 ) : The government has released as many as Rs 39.371 million for commerce division projects under Public Sector Development Programme (PSDP) for the fiscal year 2016-17.
In total, the government has allocated Rs 796.857 million for various ongoing and new projects of the commerce Division in the PSDP of current fiscal year. According to official data,The funds of Rs 39.371 million have been released for the purchase of equipment, furnishing, curriculum development and training of Pakistan school of Fashion Design, Lahore.
The total cost of this project has been estimated at Rs 755.7 million out of which Rs 196.857 million have been earmarked in the current PSDP. The government would also spend Rs 300 on the development of Expo Center Peshawar in the current PSDP out of its total expenditure of Rs 2,500 million, the data revealed.
In addition, Expo Center would also be established in capital city of Islamabad with total cost of Rs 2,500 million, out of which Rs 300 million have been earmarked in the current PSDP. It is pertinent to mention here that the government has released Rs151.032 billion for different social sector developmental projects so far under Public Sector Development Programme (PSDP) 2016 17 as against the total allocation of Rs 800 billion.
The Planning Commission of Pakistan has been following a proper mechanism to release funds. The commission releases 20 percent of funds in first quarter (July September), 20 percent in second quarter (October December), 30 percent in 3rd quarter (January March)and 30 percent in fourth quarter (April June).
Related Topics
Recent Stories
DIG takes notice husband, wife murders in Shakirpure
Azma regrets private channel airing baseless news about Punjab CM
Rs. 777.1m fine imposed on 7,457 power pilferers
Finance minister briefs financial institutions on govt's economic reform initiat ..
Cuthbert earns superb Chelsea slender advantage on Barca
Police kill suspected street criminal in encounter
DCC meeting briefed about performance of all departments
MoU signed to support digital literacy, women empowerment in rural areas
Cleanliness operations commence in Gilgit
RDA issues notices to illegal housing schemes, Park View City Phase II, Baku Cit ..
Body of woman found in Industrial Area
Zahid Khan expresses concern over heavy rainfall damages
More Stories From Pakistan
-
DIG takes notice husband, wife murders in Shakirpure
35 minutes ago -
Azma regrets private channel airing baseless news about Punjab CM
35 minutes ago -
Rs. 777.1m fine imposed on 7,457 power pilferers
35 minutes ago -
Police kill suspected street criminal in encounter
37 minutes ago -
DCC meeting briefed about performance of all departments
41 minutes ago -
MoU signed to support digital literacy, women empowerment in rural areas
38 minutes ago
-
Cleanliness operations commence in Gilgit
41 minutes ago -
RDA issues notices to illegal housing schemes, Park View City Phase II, Baku City
37 minutes ago -
Body of woman found in Industrial Area
37 minutes ago -
Business community demands FIA conducted probe against HESCO's overbilling
37 minutes ago -
Zahid Khan expresses concern over heavy rainfall damages
37 minutes ago -
Over Rs 13m outstanding dues paid on orders of Ombudsman Punjab
36 minutes ago