ISLAMABAD: The Government of Pakistan has authorised the utilisation of development funds amounting to Rs300.904 billion, out of a total allocation of Rs 950billion, for various ongoing and new social sector uplift projects during the first four months (July-October) of the fiscal year 2023-24 under its Public Sector Development Programme (PSDP), ARY News reported.
Out of the total authorised/disbursed amount, the total amount spent so far on the development projects during the corresponding period stood at Rs 76.002 billion, according to the latest data released by the Ministry of Planning, Development and Special Initiatives.
According to the disbursement mechanism of the Planning Division, the development funds allocated in the federal budget are released at the rate of 20% in the first quarter (July-September), followed by 30% each in the second and third quarters, and the remaining 20% in the last quarter (April-June) of a fiscal year.
The detail shows that Rs61.344 billion out of a total allocated amount of Rs211.777 billion has been disbursed to corporations including National Highway Authority (NHA), National Transmission and Despatch Company (NTDC) and Pakistan Electric Power Company (PEPCO), while Rs250 million have been disbursed to the Prime Minister’s Initiatives and Project Liabilities schemes out of a total allocation of Rs 850 billion.
For the Aviation Division, funds amounting to Rs1.907 billion have been disbursed and Rs390.17 million for the Board of Investment.
Similarly, the government authorised Rs61.282 billion to the Cabinet Division, Rs1.417 billion to
the Ministry of Climate Change, Rs385 million to the Commerce Division, Rs1.120 billion to the Defence Division, Rs560 million to the Defence Production Division, Rs294 million for the Establishment Division, Rs2.975 billion to the Federal Education & Professional Training Division, Rs1.127 billion to the Finance Division, Rs43.265 billion to Provinces and Special Areas, Rs20.895 billion to the Higher Education Commission, Rs14.238 billion to the Housing and Works Division, Rs284.90 million to the Human Rights Division, Rs1.050 billion to the Industries and Production Division, Rs700 million to the Information an Broadcasting Division, and Rs2.100 billion to the Information Technology and Telecom Division.
Moreover, the government granted Rs665 million to Inter Provincial Coordination Division, Rs3.482 billion to the Interior Division, Rs490 million to the Law and Justice Division, Rs505.25 million to the Maritime Affairs Division, Rs52.50 million to the Narcotics Division, Rs3.097 billion to the National Food Security and Research Division, Rs3.177 billion to the National Health Services, Regulations and Coordination Division, Rs52.50 million to the Pakistan Nuclear Regulatory Authority, Rs777.73 million to Petroleum Division, Rs7.345 billion to the Planning, Development and Special Initiatives Division, Rs175 million to the Poverty Alleviation and Social Safety Division, Rs11.557 billion to the Railway Division, Rs280 million to the Religious Affairs and Interfaith Harmony Division, Rs1.120 billion to the Revenue Division, Rs2.800 billion to the Science & Technological Research, Rs337.48 to the States and Frontier Regions Division and Rs38.675 billion to the Water Resources Division.
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