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Govt releases Rs 191.807 bln for development projects so far


Friday, 07 March 2014   19:47:41

Govt releases Rs 191.807 bln for development projects so far

      ISLAMABAD, Mar 7 (APP): The government has so far released Rs 191.807
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 25,6060.901 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 13,255.293 million so far.
    The Commission also released Rs 12,063.858 million for Railway Division out of its total allocations of Rs 30,964.894 million whereas Rs 306 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 7,596 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. 16,487.997 million has been provided to WAPDA (Water Sector) out of its total allocations of Rs. 57,840.211 million.
      Meanwhile, Rs 6,329 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 895.613 million for Cabinet Division,
Rs 34.839 million for Climate Change Division and Rs 553.700 million
for Commerce Division.
      In addition, Rs  252.698 million has been released for Education
and Training Division, Rs 3,530.158 million for Finance Division,Rs 281.439
million for Industries Division, Rs 2,441.284 million for Interior Division and Rs 68.694 million for Narcotics Control Division.
      The Commission, released Rs 20 million for Petroleum and Natural
Resources Division, Rs 165.668 million for Planning and Development Division, Rs 868.042 million for Science and Technology Research Division,
Rs 136.262 for SUPARCO and Rs. 126 million for Textile Industry Division.
      Funds of Rs.5,299.800 million have been released for AJK (Block
and other projects), Rs. 4,,502.2 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 (October-December),
30 percent third quarter(January-March) and 30 percent in fourth quarter
(April-June).