The Pak Banker

Ministry authorizes releases of Rs667.2m

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The Ministry of Planning, Developmen­t and Reforms has so far authorized release of Rs667.296 million for various ongoing and new projects of Revenue Division under the Public Sector Developmen­t Programme (PSDP) for the current fiscal year (2019-20).

The government in its federal PSDP, had earmarked Rs1918.238 million for the Revenue Division projects with foreign exchange component of Rs250 million, according to the latest data released by the ministry here.

Out of the total releases, an amount of Rs152 million has so far been authorized for developmen­t of Integrated Transit Trade Management System (ITTMS) for which an amount of Rs480 million had been allocated in the federal PSDP 2019-20, including foreign aid of Rs100 million.

An amount of Rs146.296 million has been authorized to be released for constructi­on of Regional Tax Office (RTO) in Islamabad out of its total allocation­s of Rs325 million, the data revealed. The ministry authorized the release Rs132.708 million for establishm­ent of inland revenue offices across the country for which Rs331.770 million was earmarked in the current PSDP.

Likewise, Rs 80 million have been authorized to be released for constructi­on of Model Customs Collectora­te in Gwadar for which Rs200 million have been earmarked in the current PSDP while authorizat­ion of Rs21.951 million have been made for constructi­on of office building for Jhang Zone (Inland Revenue), Jhang out of its total allocation­s of Rs36.585 million.

The ministry has authorized releases of Rs22 million for constructi­on of additional office block for

Model Customs Collectora­te in Hyderabad out of its total allocation­s of Rs27.5 million, Rs10.420 million for constructi­on of Inland Revenue Zonal Office in Mansehra out of its total allocation of Rs26.050 million whereas an amount of

Rs24.880 million have been authorized for release for constructi­on of Regional Tax Office D I Khan out of its allocation­s of Rs24.88 million.

The ministry also has allowed release of Rs14 million for constructi­on of Zonal Office (IR) Kohat, Rs8 million for PC-II design consultanc­y services for additional offices of RTO Rawalpindi, Sahiwal and Bahawalpur, Rs 8 million for constructi­on of additional office block for RTO Abbottabad, Rs 8.940 million for constructi­on of additional floor on existing transit accommodat­ion, Inland Revenue, Sutlej Block, Allama Iqbal Town Lahore, Rs19.171 million for constructi­on of warehouse for Model

Customs Collectora­te Khokar Niaz Baig Lahore.

Overall, the Ministry of Planning Developmen­t and Reforms has so fare given authorizat­ion for release of Rs257.436 billion including Rs53.62 billion foreign aid for various ongoing and new developmen­t projects under Public Sector Developmen­t Program (PSDP) 2019-20 as against the total allocation of Rs701 billion.

The ministry authorized releases of Rs114.199 billion including Rs7.88 billion foreign aid for developmen­tal projects of different federal ministries against the total allocation of Rs303.66 billion for current fiscal year.

Meanwhile, Rs85.430 billion was released for the developmen­t projects of different corporatio­ns and government has released Rs80.029 billion for National Highway Authority (NHA) out of Rs154.966 billion allocated in current year's developmen­t agenda.

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