Govt re­leases Rs 235.588 bil­l­lion for de­vel­op­ment projects

The Pak Banker - - NATIONAL -

The govern­ment has so far re­leased Rs 235.588 bil­lion un­der Pub­lic Sec­tor De­vel­op­ment Pro­gramme (PSDP) for var­i­ous projects against to­tal al­lo­ca­tions of Rs 540 bil­lion for the fis­cal year 2013-14.

Ac­cord­ing to the lat­est data of Min­istry of Plan­ning, De­vel­op­ment and Re­forms, Rs 37,250.403 mil­lion has been re­leased for var­i­ous projects of Pak­istan En­ergy Com­mis­sion, out of its to­tal al­lo­ca­tions of Rs 52,300 mil­lion, ear­marked un­der PSDP for FY 2013-14.

A sum of Rs 32,811.901 mil­lion has been re­leased to Na­tional High­way Author­ity out of to­tal al­lo­ca­tion of Rs 63,038.619 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 govern­ment re­leased Rs 17,827.542 mil­lion so far. The Com­mis­sion also re­leased Rs 18,884.082 mil­lion for Rail­way Di­vi­sion, out of its to­tal al­lo­ca­tions of Rs 30,964.894 mil­lion whereas Rs 570 mil­lion have been re­leased for Na­tional Food Se­cu­rity and Re­search Di­vi­sion, out of its to­tal al­lo­ca­tions of Rs 750 mil­lion for the year.

Funds of Rs 12,100.383 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 2,363.974 mil­lion ear­marked for Law, Jus­tice and Par­lia­men­tary Af­fairs Di­vi­sion, Rs 1,158.097 mil­lion have been re­leased so far. Ac­cord­ing to the data, the Com­mis­sion re­leased Rs 38,102.170 mil­lion for WAPDA (Power) out of its to­tal al­lo­ca­tions of Rs. 51,543.425 mil­lion whereas Rs. 25,870.838 mil­lion has been pro­vided to WAPDA (Wa­ter Sec­tor) out of its to­tal al­lo­ca­tions of Rs. 57,840.211m.

Mean­while, Rs 8,579 mil­lion has been re­leased for Earthquake Re­con­struc­tion and Re­ha­bil­i­ta­tion Author­ity (ERRA), out of its to­tal al­lo­ca­tions of Rs 10,000 mil­lion for the cur­rent year. The Com­mis­sion also re­leased Rs 1,453.094 mil­lion for Cab­i­net Di­vi­sion, Rs 34.839 mil­lion for Cli­mate Change Di­vi­sion and Rs 553.700 mil­lion for Com­merce Di­vi­sion.

In ad­di­tion, Rs 342.343 mil­lion has been re­leased for Ed­u­ca­tion and Train­ing Di­vi­sion, Rs 4,282.825 mil­lion for Fi­nance Di­vi­sion, Rs 436.572 mil­lion for In­dus­tries Di­vi­sion, Rs 4,166.170 mil­lion for In­te­rior Di­vi­sion and Rs 102.988 mil­lion for Nar­cotics Con­trol Di­vi­sion.

The Com­mis­sion re­leased Rs 35 mil­lion for Petroleum and Nat­u­ral Re­sources Di­vi­sion, Rs 212.100 mil­lion for Plan­ning and De­vel­op­ment Di­vi­sion, Rs 868.042 mil­lion for Sci­ence and Tech­nol­ogy Re­search Di­vi­sion, Rs 136.262 for SUPARCO and Rs. 220.490 mil­lion for Tex­tile In­dus­try Di­vi­sion.

Funds of Rs 8,955.278 mil­lion have been re­leased for AJK (Block and other projects), Rs. 4,777 mil­lion for Gil­git Baltistan (Block and other projects) where as Rs. 11,031 mil­lion has 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 per­cent of funds in first quar­ter (July-Septem­ber), 20 per­cent in sec­ond quar­ter (Oc­to­berDe­cem­ber), 30 per­cent third quar­ter(Jan­uary-March) and 30 per­cent in fourth quar­ter (April-June).

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.