Govt releases Rs63.55bn for uplift projects under PSDP

ISLAMABAD: Almost Rs 63.557 billion have been released by the government under Public Sector Development Programme (PSDP) for the year 2018-19 for different present projects and new ventures against the allotment of Rs 675 billion.

According to a most recent data revealed by Ministry of Planning, Development and Reform stated that, the funds released consist of Rs 37.3 billion for federal ministries and Rs 12.8 billion for special areas.

From these allotments, Rs 2.78 billion are under Communication Division (other than National Highway Authority) for which the government has earmarked Rs 13.9 billion under PSDP 2018-19.

Railways Division will receive Rs 4.17 billion out of its total allocation of Rs 28.06 billion,  whereas Aviation Division has received Rs 205.45 million out of its total allocation of Rs 3.6 billion.

It is also observed that the government has also released an amount of Rs 4.6 billion for diverse development projects of Higher Education Commission out of total allocation of Rs 30.9 billion, while Rs 4.7 billion have been released for Atomic Energy Commission.

Water Resource Division received Rs 6.44 billion out of its total allocation of Rs 77.99 billion under PSDP 2018-19.

The government also released Rs 593.8 million for National Health Services, Regulations and Coordination Division, for which an amount of Rs 10.9 billion have been allocated in the federal PSDP 2018-19 while Rs 60 million have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs 285 million.

An amount of Rs 606 million have been released for Finance Division out of its total allocations of Rs 12.34 billion while Rs 153 million have been released for Climate Change Division out of its total allocations of Rs 802 million for the current year.

Similarly, an amount of Rs 9.3 million have been released for Petroleum Division out of allocations of Rs 463 million, Rs 977.6 million for Planning, Development and Reform Division out of its allocations of Rs 7.05 billion whereas Rs 246.7 million have been released for SUPARCO out of its allocations of Rs 2.9 billion.

Furthermore, the government also released Rs 20 million for Human Rights Division, and Rs 226 million for National Food Security and Research Division.

The government has also released Rs 5.35 billion for AJK (block and other projects) out of its allocations of Rs 25.8. billion,and Rs 7.43 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs 17.5 billion.

The government also released Rs 12.09 billion for National Highway Authority (NHA) for which an amount of Rs 185.2 billion have been earmarked whereas Rs 60 million were released for NTDC/PEPCO out of total allocation of Rs 33.3 billion.

Similarly Rs 110 million have also been released for ERRA out of its total allocations of Rs 6.5 billion.

An amount of Rs 1.22 billion has been released for Prime Minister’s Youth Hunarmand Programme , Special Federal Development Programme for Temporarily Displaced Persons and Security Enhancement, and Gas Infrastructure Development Cess for which a total allocations of Rs 7.8 billion was made for the year 2018-19.

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% of funds in first quarter (July September), 20% in second quarter (October December), 25pc third quarter (January March) and 35% in fourth quarter (April June).