The government has so far released Rs 3960.826 million for various projects of the Finance Division under the Public Sector Development Programme (PSDP 2018-19) against the total allocation of Rs12,346.359 million
ISLAMABAD, (UrduPoint / Pakistan Point News – 26th Apr, 2019 ) :The government has so far released Rs 3960.826 million for various projects of the Finance Division under the Public Sector Development Programme (PSDP 2018-19) against the total allocation of Rs12,346.359 million.
An amount of Rs 700 million has been released for necessary facilities of fresh water treatment, water supply and distribution in Gawadar under the China Pakistan Economic Corridor (CPEC) for which an amount of Rs1,200 million has been earmarked in the current Federal PSDP.
An amount of Rs 344.8 million has been released for Greater Karachi Sewerage Plant (S-III Karachi), which is being executed on 50:50 cost sharing basis between federal and provincial governments. In total Rs 862 million has been allocated for the project under the PSDP 2018-19.
The government released Rs120 million for widening and carpeting of Booni-Buzand Torkhow Road Chitral against allocation of Rs 300 and 210 million for 300-bed Shaheed Benazir Bhutto Mother and Child Healthcare Centre Nawabshah City against allocation of Rs 300 million.
Similarly, Rs 250 million has been provided for the construction and upgradation of Dirgi Shabozai (N-70) to Taunsa (N-55) Road, Balochistan. The federal government had earmarked Rs 250 million for the project, which is being executed on 60:40 sharing basis between the federal government and the provincial government.
It is pertinent to mention here that in total the federal government has so far released 78 percent or Rs 525 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2018-19 as against the total allocation of Rs 675 billion.
Under its development program, so far the government had released an amount of Rs 209.8 billion for federal ministries, where as Rs 219.757 billion for corporations and Rs37.6011 billion for special areas, according to latest data released by Ministry of Planning, Development and Reform.
The Planning Commission of Pakistan follows the specific mechanism for release of funds. During first quarter (July-September) it releases 20 per cent of development funds, in second quarter (October-December) 20 per cent, third quarter (January-March) 30 per cent and fourth quarter (April-June) 30 per cent.