Times of Islamabad

Federal government releases Rs 319 billion under PSDP for mega projects

Federal government releases Rs 319 billion under PSDP for mega projects

ISLAMABAD: The federal government has released Rs319.3 billion against thetotal allocation of Rs675 billion under its Public Sector DevelopmentProgramme (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 andReform.

Out of these allocations, the government released Rs123.618 billion forNational Highway Authority out of total allocation of Rs185.2 billion,whereas Rs13.613 billion have been released for National Transmission andDespatch Company (NTDC) and PEPCO for which an amount of Rs33.36 billionwas allocated under PSDP 2018-19.

Similarly, Rs6.33 billion have been released for Communication Division(other than National Highway Authority) for which the government hasearmarked Rs13.97 billion under PSDP 2018-19.

Railways Division received Rs16.99 billion out of its total allocation ofRs28.06 billion, whereas Aviation Division received Rs0.742 billion out oftotal allocation of Rs3.65 billion.

The government also released an amount of Rs18.53 billion for variousdevelopment projects of Higher Education Commission out of total allocationof Rs30.9 billion, while Rs18.22 billion have been released for the AtomicEnergy Commission.

Water Resource Division received Rs26.832 billion out of total allocationof 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 Rs12.784billion have been allocated in the federal PSDP 2018-19 while Rs0.195billion have been released for Pakistan Nuclear Regulatory Authority out ofits total allocations of Rs0.285 billion.

An amount of Rs2.228 billion has been released for Finance Division out ofits total allocations of Rs12.34 billion while Rs0.555 billion have beenreleased for Climate Change Division out of its total allocations ofRs0.802 billion for the current year.

Moreover, an amount of Rs0.32 billion has been released for PetroleumDivision out of its allocations of Rs0.463 billion, Rs1.9 billion forPlanning, Development and Reform Division out of its allocations of Rs 7.03billion, whereas Rs10.967 billion have been released for SUPARCO.

The government also released Rs11.121 billion for States and FrontierRegion Division, Rs7.9 billion for Interior Division, Rs0.02 billion forHuman Rights Division, and Rs0.411 billion for National Food Security andResearch Division.

A sum of Rs17.76 billion has been released by Azad Jammu Kashmir (block andother projects) out of its allocations of Rs25.8 billion, and Rs8.2 billionfor Gilgit Baltistan (block and other projects) out of its allocations ofRs17.5 billion.

The Planning Commission of Pakistan follows the specific mechanism forrelease of funds. During first quarter (July-September), it releases 20 percent of development funds, in second quarter (October-December) 20 percent, third quarter (January-March) 30 per cent and fourth quarter(April-June) 30 per cent.