Federal government released huge funds under PSDP for development projects

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Federal government released huge funds under PSDP for development projects

ISLAMABAD - The Ministry of Planning Development and Reforms has so fare given the authorization to release Rs 5.762 billion for various agriculture sector development projects under its Public Sector Development Program (PSDP) for the financial year 2019-20 as against the total allocation of Rs 12.047 billion.

Meanwhile, the authorities concerned had also given the authorization to released funds initiated under Prime Minister’s Agriculture Emergency Program to uplift of agriculture and livestock sectors in the country.

According to the data PSDP releases, issued by the Planning Commission of Pakistan, the authorities concerned had given the authorization of release of Rs 5.762 billion for the overall developmental projects of Ministry of National Food Security and Research under its PSDP 2019-20 as against the total allocation of Rs12.047 billion.

The authorities concerned had also given the authorization of release Rs 2.750 billion for national program for improvement of water courses phase- I, as against the total allocation of Rs5.500 billion in order to water conservation.

Under current year’s development agenda, authorization of the release of Rs 300 million for national oil seed enhancement program as the government had allocated Rs600 million in its PSDP 2019-20.

An amount of Rs200 million had also released for pilot project for development of shrimp farming cluster in order to promote the aquaculture and shrimp farming in the country as an amount of Rs400 million earmarked for the projects in current year’s development program.

Meanwhile, Rs30 million was released for the Prime Minister Initiative for backyard poultry farming, Rs80 million for save the calf and Rs100 million for promotion of trout cage farming in Northern Areas of the country as against their respective allocations.

In order to enhance the productivity of all major crops, authorizations of release of Rs255 million had given for rice as against the allocation of Rs450 million, Rs100 million for sugarcane out of the total allocation of Rs200 million for current fiscal year.

The Planning Commission of Pakistan has also given the authorization of release of Rs325 million for the productivity enhancement of wheat as against the total allocation of Rs650 million of current financial year.

In order to enhance the output of cotton, the government had released Rs40 million for the better cotton initiatives as against the total allocation of Rs50 million during the current year’s PSDP.