Government releases Rs 565 billion development funds

Government releases Rs 565 billion development funds
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*ISLAMABAD: The government has released over Rs 565 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against the total allocations of Rs1,001 billion.*

The released funds include Rs 134.2 billion for federal ministries and Rs 53.78 billion for special areas, according to latest data released by Ministry of Planning, Development and Reform, according to a state-run wire service.

Out of these allocations, the government has released Rs 207.663 billion for National Highway Authority for which Rs 324.72 billion have been allocated for the year 2017-18, whereas for WAPDA (Power), an amount of Rs 30.76 billion has been released out of total allocation of Rs 60.9 billion.

Similarly, Rs 5.276 billion have been released for Communication Division (other than National Highway Authority) for which the government has earmarked Rs 13.66 billion under PSDP 2017-18.

Railways division received Rs 18.27 billion out of its total allocation of Rs 42.9 billion whereas aviation division received Rs 2.45 billion out of its total allocation of Rs 4.348 billion.

The government also released an amount of Rs 18.94 billion for various development projects of Higher Education Commission out of total allocation of Rs 35.662 billion, while Rs 10.76 billion have been released for Atomic Energy Commission.

Water and Power Division (water sector) received Rs 23.13 billion out of its total allocation of Rs 36.75 billion under PSDP 2017-18.

The government also released Rs 8.45 billion for National Health Services, Regulations and Coordination Division, for which an amount of Rs 48.701 billion have been allocated in the federal PSDP 2017-18 while Rs 201 million have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs 321.53 million.

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