Govt releases over Rs 270b for various development projects
ISLAMABAD: The government has so far released Rs 270.326 billion for various ongoing and new development projects under Public Sector Development Programme (PSDP), out of total allocations of 700 billion earmarked for the current fiscal year (2015-16).
According to the data of the Ministry of Planning, Development and Reform, out of these total allocations, Rs 18,692 million have been released for Higher Education Commission (HEC), for which the government has earmarked Rs 31,100 million for the current fiscal year.
An amount of Rs1,093 million has been released for Defence Division for which Rs 2,458 million have been earmarked for the current year while the government also released Rs 484 million for Capital Administration and Development Division, for which an amount of Rs 1,063 million has been earmarked for the current year.
An amount of Rs14,029 million has been released for Pakistan Atomic Energy Commission, for which Rs 30,408 million have been earmarked for the fiscal year 2015-16 while an amount of Rs 7,810 million have been released for Railways Division for which Rs 41,000 million have been allocated for the ongoing fiscal year.
Similarly, the government released Rs 10,832 million for Interior Division out of its total allocations of Rs 12299 and Rs 12,126 million for Water and Power Division (Water Sector) out of its total allocations of Rs 30120 million.
The government also released Rs 277 million for Aviation Division out of its total allocations of Rs 3,900 million, Rs 427 million for Cabinet Division, out of Rs 654 million, Rs 484 million for Capital Administration and Development Division out of its total allocations of Rs 1,063 million.
The Climate Change Division has been provided Rs 6.4 million, Commerce Division Rs 150 million, Communication Division (other than NHA) Rs 42 million, Defence Production Division Rs 360 million and Federal Education and Professional Training Division Rs 883 million.
The Finance Division has been provided Rs 2,072 million, Foreign Affairs Division Rs 29 million, Housing and Works Division Rs 808 million, Industries and Production Division Rs 316 million, Information, Broadcasting and National Heritage Rs 150 million and Inter Provincial Coordination Division Rs 1,298 million.
The government also released Rs 38 million for Narcotics Control Division, Rs 624 million for National Food Security and Research Division, Rs 8,123 million for National Health Services, Regulations and Coordination Division, Rs 118 million for Pakistan Nuclear Regulatory Authority and Rs 330 million for Planning, Development and Reform Division.
The Planning Commission of Pakistan has been following a proper mechanism to release funds. According to the mechanism, 20% of the funds are released during first quarter, 20% in second quarter (October-December), 30% in third quarter (January-March) and remaining 30% in the fourth quarter (April-June).