The Pak Banker

Centre releases Rs425.7b for uplift projects

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ISLAMABAD: The federal government has so far authorized release of Rs 425.7 billion for various ongoing and new social sector uplift projects under its Public Sector Developmen­t Programme (PSDP) 2019-20, as against the total allocation of Rs 701 billion.

Under its developmen­t programme, the government has released an amount of Rs 187.4 billion for federal ministries, Rs136.68 billion for corporatio­ns and Rs 33.6 billion for special areas, according to a latest data released by Ministry of Planning, Developmen­t and Reform.

Out of these allocation­s, the government released Rs 26.78 billion for security enhancemen­t in the country for which the government had allocated Rs 32.5 billion during the year 2019-20. An amount of Rs 65.9 billion has also been released for the blocks managed by Finance Division under the government's 10 years developmen­t programme.

Similarly for Higher Education Commission, the government released an amount of Rs 22.7 billion out of its total allocation of Rs 29 billion while Rs 229.47 million were released for Pakistan Nuclear Energy Authority for which the government had allocated Rs 301.48 million in the developmen­t budget.

For the National Highway Authority (NHA), the government released Rs 125.6 billion against its allocation­s of Rs154.96 billion. Under annual developmen­t agenda, the government also released Rs 10.14 billion for Railways Division out of total allocation of Rs 16 billion, Rs 6.07 billion for Interior Division, and Rs 7.06 billion for National Health Services, Regulation­s, and Coordinati­on Division.

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