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Government releases Rs63.476 billion for development projects - Salman - 10-23-2013 12:15 PM
ISLAMABAD: The Planning Commission of Pakistan has so far released Rs63.476 billion under its Public Sector Development Programme (PSDP) for various projects against the total allocations of Rs540 billion for the fiscal year 2013-14.
According the data of Planning Commission of Pakistan, out of these allocations, Rs11960.403 million have been released for various projects of Pakistan Atomic Energy Commission, out of its total allocations of Rs52300 million earmarked under PSDP for FY 2013-14.
Similarly, a sum of Rs7312.961 million has been released to National Highway Authority out of total allocation of Rs63038.619 million for the current fiscal year.
Out of the total funds of Rs25,739.199 million allocated for the National Health Service Regulations and Coordination Division for the current year, the Planning Commission released Rs5644.614 million so far.
The Commission also released Rs5589.679 million for Railway Division out of its total allocations of Rs30,964.894 million whereas Rs160 million have been released for National food Security and Research Division out of its total allocations of Rs750 million for the year.
Rs3698 million have been released for Higher Education Commission out of its total allocation of Rs18490 million for the year 2013-14 whereas out of total allocations of Rs2363.974 million earmarked for Law, Justice and Parliamentary Affairs Division, Rs489.401 million have been released so far.
According to the data, the commission released Rs4985 million for WAPDA (Power) out of its total allocations of Rs51543.425 million where as Rs596.666 million have been provided to WAPDA (Water Sector) out of its total allocations of Rs57840.211 million.
Rs1570 million have been released for Earthquake Reconstruction and Rehabilitation Authority (ERRA) out of its total allocations of Rs100,00 million for the current year.
The commission also released Rs614.993 million for cabinet division, Rs.10,000 for Capital Administration and Development Division, Rs17.263 million for Climate Change Division and Rs158.200 million for Commerce Division.
In addition, Rs89.763 million have been released for Education and Training Division, Rs1577.931 million for Finance Division, Rs160.954 million for Industries Division, Rs1197.812 for Interior Division and Rs34.347 for Narcotics Control Division.
The Commission, released Rs10 million for Petroleum and Natural Resources Division, Rs95.430 million for Planning and Development Division, Rs413,347 million for Science and Technology Research Division, Rs38.932 million for SUPARCO and Rs63 million for Textile Industry Division.
Rs2654.400 million have been released for AJK (Block and other projects), Rs4342 million for Gilgit Baltistan (Block and other projects) where as Rs.3316 million have been released for SAFRON/FATA.
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 first quarter (July-September), 20% in second quarter (October-December), 30% third quarter(January-March) and 30% in fourth quarter (April-June).