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Gov’t releases Rs 796 bn under PSDP 2017-18

ISLAMABAD: The government has released over Rs 796 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against the total allocations of Rs 1,001 billion for the complete year of previous fiscal year.
The released funds include Rs 186.9 billion for federal ministries and Rs 65.6 billion for special areas, according to latest data released by Ministry of Planning, Development, and Reform. Out of these allocations, the National Highway Authority received even more share of Rs 341 billion against the total allocation of Rs. 324 billion, whereas, for WAPDA (Power), an amount of Rs 47.5 billion has been released out of total allocation of Rs 60.9 billion. Similarly, Rs 8.65 billion has been released for Communication Division (other than National Highway Authority) for which the government has earmarked Rs 13.66 billion under PSDP 2017-18.
The government also released Rs 18.8 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 286 million was released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs 321.53 million. The government also released Rs 24.6 billion for AJK (block and other projects) out of its allocations of Rs 25.844. billion, Rs 15.8 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs 18.3 billion whereas Rs 26 billion have been released for SAFRON/FATA (Block and other projects) out of its total allocations of Rs 26.90 billion for the FY2018.
The government also released Rs 30 billion for Prime Minister’s Global SDGS Achievement Programme whereas Rs 6.8 billion has been released for ERRA out of its total allocations of Rs 7.5 billion. An amount of Rs 13.7 billion have been released for Prime Minister’s Youth Hunarmand Programme out of its total allocations of Rs 20 billion, according to the data. The Planning Commission of Pakistan has been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism. The commission releases 20% of funds in the first quarter (July September), 20% in second quarter (October December), 25% the third quarter (January March) and 35% in the fourth quarter (April June).

 

 

 

 

 

 

 

 

 

 

 

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.