Federal government releases Rs 319 billion under PSDP for mega projects
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ISLAMABAD: The federal government has released Rs319.3 billion against the total allocation of Rs675 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new schemes.
The released funds include Rs136.9 billion for federal ministries, Rs137.231 billion for corporations, and Rs25.963 billion for special areas, according to latest data released by Ministry of Planning, Development and Reform.
Out of these allocations, the government released Rs123.618 billion for National Highway Authority out of total allocation of Rs185.2 billion, whereas Rs13.613 billion have been released for National Transmission and Despatch Company (NTDC) and PEPCO for which an amount of Rs33.36 billion was allocated under PSDP 2018-19.
Similarly, Rs6.33 billion have been released for Communication Division (other than National Highway Authority) for which the government has earmarked Rs13.97 billion under PSDP 2018-19.
Railways Division received Rs16.99 billion out of its total allocation of Rs28.06 billion, whereas Aviation Division received Rs0.742 billion out of total allocation of Rs3.65 billion.
The government also released an amount of Rs18.53 billion for various development projects of Higher Education Commission out of total allocation of Rs30.9 billion, while Rs18.22 billion have been released for the Atomic Energy Commission.
Water Resource Division received Rs26.832 billion out of total allocation of Rs78.09 billion under PSDP 2018-19.
The government released Rs2.718 billion for National Health Services (Regulations and Coordination Division) for which an amount of Rs12.784 billion have been allocated in the federal PSDP 2018-19 while Rs0.195 billion have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs0.285 billion.
An amount of Rs2.228 billion has been released for Finance Division out of its total allocations of Rs12.34 billion while Rs0.555 billion have been released for Climate Change Division out of its total allocations of Rs0.802 billion for the current year.
Moreover, an amount of Rs0.32 billion has been released for Petroleum Division out of its allocations of Rs0.463 billion, Rs1.9 billion for Planning, Development and Reform Division out of its allocations of Rs 7.03 billion, whereas Rs10.967 billion have been released for SUPARCO.
The government also released Rs11.121 billion for States and Frontier Region Division, Rs7.9 billion for Interior Division, Rs0.02 billion for Human Rights Division, and Rs0.411 billion for National Food Security and Research Division.
A sum of Rs17.76 billion has been released by Azad Jammu Kashmir (block and other projects) out of its allocations of Rs25.8 billion, and Rs8.2 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs17.5 billion.
The Planning Commission of Pakistan follows the specific mechanism for release of funds. During first quarter (July-September), it releases 20 per cent of development funds, in second quarter (October-December) 20 per cent, third quarter (January-March) 30 per cent and fourth quarter (April-June) 30 per cent.
