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PSDP

Senate committee recommends allocating funds for Gwadar University

ISLAMABAD: Senate Standing Committee on Planning Development and Reforms here on Tuesday recommended for allocating funds for the establishment of Gwadar University and East-bay projects in revised Public Sector Development Program (PSDP). The committee which met under the Chairmanship of Senator Agha Shahzaib Khan Durrani, considered recommendations of the Members on the Finance Bill 2018 relating to Public Sector Development Program 2018-19. The committee also proposed for safeguarding the interest of locals living…

PSDP revised from Rs800bn to Rs 675bn

ISLAMABAD: Senate Standing Committee on Planning Development and Reforms on Tuesday was informed that the developmental expenditures under Public Sector Development Program (PSDP) has been revised from Rs. 800 billion to Rs 675 billion. The committee met here under the Chairmanship of Senator Agha Shahzaib Khan Durrani and considered recommendations of members on the Finance Supplementary Amendment Bill 2018 relating to Public Sector Development Program 2018-19. Briefing the committee, Advisor to Planning Commission…

Rs 752bn released for development projects under PSDP

ISLAMABAD: The government has released over Rs 752.14 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against the total allocations of Rs 1,001 billion. The released funds include Rs 186.35 billion for federal ministries and Rs 66.14 billion for special areas, according to latest data released by Ministry of Planning, Development and Reform, reported the state-run wire service. Out of these allocations, the government has released Rs 302.19 billion for National…

Govt releases Rs 293.2 million for industrial development projects

ISLAMABAD: The government has released Rs 293.230 million for several industrial development projects under its Public Sector Development Programme (PSDP) 2017-18. Under PSDP, the government has released Rs 84.700 million for establishment of Bostan Industrial Estate phase-first as against the total allocation of Rs 211.736 million in current fiscal year, according the data of Planning Commission of Pakistan, reported by state-run wire service APP. An amount of Rs 49.60 million was released for establishment of…

Govt releases funds for development projects under PSDP

ISLAMABAD: The government has released over Rs 357.5 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against the total allocations of Rs1,001 billion. The released funds include Rs 104 billion for federal ministries and Rs 32.97 billion for special areas, according to data released by Ministry of Planning, Development and Reform on Tuesday. The commission releases 20% of funds in first quarter (July September), 20% in second quarter (October December), 25% third…

PM approves Bhasha dam financial plan, to start work by 2017

ISLAMABAD: Prime Minister Nawaz Sharif has directed the secretary water and power to expedite the financial proposal for Diamer Bhasha dam so as the physical work on the the project is started before the end of 2017. The Prime Minister approved in principle the financing plan of the dam today, presented to him by the secretary water and power, Radio Pakistan reported. The proposal based on self reliance will fund the dam portion of the project from PSDP allocations and WAPDA generated resources while the rest of the…