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Government reduces Rs.115bn from PSDP fund

ISLAMABAD: Federal government has reduced the Rs. 115 billion from the total allocations of Rs 540 billion for the fiscal year 2013-14 for Public Sector Development Programme (PSDP), ARY News reported.

Secretary Planning and Development, Hassan Tarrar said in a meeting of standing Committee on Planning, Development and Reforms on Wednesday that government has reduced Rs. 115 billion from the total allocations of Rs 540 billion for the current fiscal year.

"Rs. 115 billion was assigned for news projects, which cannot be released", said Secretary.

He said it was informed in the budget that additional amount is subjected to availability.

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 32,811.080 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.

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