Govt Releases Rs 98.215 Bn For Development Projects

ISLAMABAD, Nov 5 (UrduPoint / Pakistan Point News - 05th Nov, 2016 ) : The Planning Commission of Pakistan has so far released Rs 98.215 billion under its Public Sector Development Programme (PSDP) for various projects against the total allocations of Rs 540 billion for the fiscal year 2013-14.

According to latest data of Planning Commission of Pakistan, out of these allocations, Rs 19,863 million have been released for various projects of Pakistan Energy Commission, out of its total allocations of Rs 52300 million earmarked under PSDP for FY 2013-14.

Similarly, a sum of Rs 9753.422 million has been released to National Highway Authority out of total allocation of Rs 63038.619 million for the current fiscal year. Out of the total funds of Rs 25,739.199 million allocated for the National Health Service Regulations and Coordination Division for the current year, the Planning commission released Rs 10469.269 million so far.

The Commission also released Rs 111,29.870 million for Railway Division out of its total allocations of Rs 30,964.894 million whereas Rs 160 million have been released for National food Security and Research Division out of its total allocations of Rs 750 million for the year.

Rs 3698 million have been released for Higher education Commission out of its total allocation of Rs 18,490 million for the year 2013-14 whereas out of total allocations of Rs 2363.974 million earmarked for Law, Justice and Parliamentary Affairs Division, Rs 489.401 million have been released so far.

According to the data, the commission released Rs 13,096.957 million for WAPDA (Power) out of its total allocations of Rs 51543.

425 million where as Rs.6069.273 million have been provided to WAPDA (Water Sector) out of its total allocations of Rs.57840.211 million.

Rs 2562.419 million have been released for Earthquake Reconstruction and Rehabilitation Authority (ERRA) out of its total allocations of Rs.10000 million for the current year. The commission also released Rs 614.993 million for cabinet division, Rs 17.263 for Climate Change Division and Rs 158.200 million for Commerce Division.

In addition, Rs 89.763 have been released for Education and Training Division, Rs 2075.797 for Finance Division, Rs 160.954 million for Industries Division, Rs 1197.812 for Interior Division and Rs 34.347 for Narcotics Control Division.

The Commission, released Rs 20 million for Petroleum and Natural Resources Division, Rs 103.996 for Planning and Development Division, Rs 413.347 million for Science and Technology Research Division, Rs 77.864 for SUPARCO and Rs 63 million for Textile Industry Division.

Rs 4754.699 have been released for AJK (Block and other projects), Rs 4050 million for Gilgit Baltistan (Block and other projects) where as Rs 5162.687 million have been released for SAFRON/FATA.

The Planning Commission of Pakistan has been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism. The commission releases 20% of funds in first quarter (July-September), 20% in second quarter (October-December), 30% third quarter(January-March) and 30% in fourth quarter (April-June).