Federal government released huge funds worth Rs 301 billion for mega development projects

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Federal government released huge funds worth Rs 301 billion for mega development projects

ISLAMABAD – Federal government released huge funds worth Rs 301 billion for mega development projects.

The federal government has so far authorized release of Rs301.45 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20, as against the total allocation of Rs 701 billion.

Under its development programme, the government has released an amount of Rs135.21 billion for federal ministries, Rs102.55 billion for corporations and Rs21.7 billion for special areas, according to a latest data released by Ministry of Planning, Development and Reform.

Out of these allocations, the government released Rs26.78 billion for security enhancement in the country for which the government had allocated Rs32.5 billion during the year 2019-20.

An amount of Rs40.67 billion has also been released for the blocks managed by Finance Division under the government’s 10 years development programme.

Similarly for Higher Education Commission, the government released an amount of Rs14.2 billion out of its total allocation of Rs 29 billion while Rs150.73 billion were released for Pakistan Nuclear Energy Authority for which the government had allocated Rs 301.48 billion in the development budget.

For the National Highway Authority (NHA), the government released Rs95.38 billion against its allocations of Rs154.96 billion. Under annual development agenda, the government also released Rs6.4 billion for Railways Division out of total allocation of Rs16 billion, Rs4.56 billion for Interior Division, and Rs5.8 billion for National Health Services, Regulations, and Coordination Division.

The Revenue Division received Rs3.2 billion out of total allocation of Rs1.9 billion, whereas the Cabinet Division also received Rs19.3 billion for which an amount of Rs39.986 billion has been allocated for the year 2019-20.

The government also released Rs12.9 billion for Azad Jammu and Kashmir (AJK) block and other projects out of its allocations of Rs27.26 billion and Rs8.7 billion for Gilgit Baltistan (Block and other projects).