Federal Government released Rs 603 billion development funds under PSDP

Federal Government released Rs 603 billion development funds under PSDP

ISLAMABAD:The Federal Government has released Rs603.5 billion out of totalallocation of Rs900 billion for various ongoing and new social sectoruplift projects of the federal ministries and division in first nine months(July-March) of fiscal year 2021-22 under its Public Sector DevelopmentProgramme (PSDP).

The government also released Rs4.6 billion for the EarthquakeReconstruction and Rehabilitation Authority (ERRA), according to the latestdata released by the Ministry of Planning, Development and Reform.The detail shows that Rs 68.126 billion out of total allocation of Rs68.154 billion have been disbursed for the Cabinet division, Rs 1.489billion have been disbursed for Aviation Division, and Rs 48 million havebeen released for Board of the Investment.

Similarly, the government disburses Rs 10.7 billion for Climate ChangeDivision, Rs 1.129 billion for Commerce Division, R 89.66 billion forcommunication division, and Rs 1.3 billion for Defense Division.Likewise, the government also disbursed Rs 85.46 billion for FinanceDivision, Rs 480 million for Establishment Division, Rs 5.1 billion forFederal Education and Professional Training Division, and Rs 24.4 billionfor Higher Education Commission.

Housing and Works Division received Rs 14.95 billion out of totalallocation of Rs 24.9 billion, Human Rights Division received Rs 167.2million, Industries and Production Division Rs 1.75 billion, Informationand Broadcasting Division received Rs 840 million.

The government also disbursed Rs 78.5 billion out of Rs 103 billion forWater Resource Division, Rs 17.76 billion for Railways Division, Rs 6.7billion for Revenue Division, Rs 5.0 billion for Science and TechnologyResearch Division and Rs 51.14 billion for Power Division.