Federal government releases Rs 504 billion for development projects
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ISLAMABAD (APP): The federal government has released Rs 504.931 billion for different social sector developmental projects under Public Sector Development Programme (PSDP) 2016-17 as against the total allocations of Rs 800 billion.
According to latest data released by ministry of Planning, the government released Rs 17.251 billion for Pakistan Atomic Energy Commission (PAEC) against its total allocation of Rs 27.690 billion.
The government also released Rs 149.812 billion for infrastructure and development projects under National Highway Authority (NHA) against its total allocation of Rs 188 billion.
In addition, Rs 108.82 billion released for Water and Power Development Authority (Power Sector) and other power sector projects as against the total allocation of Rs 130 billion for current fiscal year to overcome the shortage of energy in the country.
Meanwhile, a sum of Rs 10.073 billion released for Water and Power Division (Water sector) projects for building the mega water reservoirs as compared to total allocation of Rs 31.716 billion.
About Rs 13.347 billion released for Higher Education Commission as compared to its total allocation of Rs 21.486 billion.
Similarly an amount of Rs 4.748 billion provided to Housing and Works Division against the allocations of Rs 7.687 billion while an amount of Rs 2.605 billion released for Finance Division out of total Rs 9.4337 billion.
The government released Rs 9.608 billion for Interior Division against its total allocation of Rs 11.568 billion while an amount of Rs 20.116 billion released for National Health Services, Regulations and Coordination Division out of its total allocations of Rs 24.951 billion.
The government released Rs 51.734 billion for Special Federal Development Programme for Temporary Displaced Persons (TDPs) and Security Enhancement under current year's development programme for the rehabilitations of TDPs.
The government released Rs 10.649 billion for Azad Jammu and Kashmir (Block and other projects), Rs 9.240 billion for Gilgit-Baltistan (Block and Other Projects) and Rs 15.285 billion for SAFRON/FATA (Block and Other projects).
The Planning Commission of Pakistan followed a proper mechanism to release funds.
The commission releases 20 percent funds in first quarter (July-September), 20 percent in second quarter (October-December), third quarter and 30 percent each in third quarter (January-March) and fourth quarter (April-June).
