Govt releases Rs151.17bn under PSDP 2018-19

ISLAMABAD: The government on Saturday released 151.17 billion rupees under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new projects.

According to latest data released by Ministry of Planning, Development and Reform, the released funds include 68.74 billion rupees for federal ministries and 18.6 billion rupees for special areas.

Out of these allocations, the government released Rs58.05 billion for National Highway Authority out of which the major portion of Rs16.266 billion have been released for Lahore-Multan Motorway M-3 section of Karachi-Lahore Motorway.

Read More: Govt releases Rs63.55bn for uplift projects under PSDP

The government also released an amount of Rs11.8 billion for various development projects of Higher Education Commission and Rs10.13 billion for the Atomic Energy Commission.

Earlier in October this year, the government released almost Rs 63.557 billion under PSDP for different projects and new ventures against the allotment of Rs 675 billion.

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