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Govt releases Rs 99.821 billion for development projects - Salman - 11-10-2014 01:57 PM
ISLAMABAD: The government has released over Rs 99.821 billion under Public Sector Development Programme (PSDP) for various projects against total allocations of Rs 525 billion for the fiscal year 2014-15.
According to the latest data of Ministry of Planning, Development and Reforms,
Rs 23,736.2 million have been released for various projects of Pakistan Atomic Energy Commission, out of its total allocations of Rs 51,475 million, earmarked under PSDP for FY 2014-15.
An amount of Rs 3,921.931 million has been released for Higher Education Commission (HEC) out of its total allocations of Rs 20,068.926 million whereas
Rs 9,745.275 million have been released for Water and Power Division (Water Sector) out of its total allocations of Rs 43,427.18 million for the current fiscal year.
The government released Rs 15,216.4 million for Railways Division for which
Rs 39,566 million have been earmarked in the PSDP of FY 2014-15. An amount of Rs 1,259.291 has been released for Cabinet Division out of its total allocations of Rs 2,077.587 million, whereas Rs 18.226 million have been released for Communications Division out of Rs 191.13 million allocations.
A sum of Rs 139.2 million has been released for Commerce Division out of its total allocations of Rs 363 million; whereas out of the total allocations of Rs 11,061 million for Finance Division the government has so far released Rs 880.478 million.
According to the data, the government also released Rs 704.729 million for Interior Division for which Rs 3,900.168 million have been earmarked in the budget of current year whereas Rs 170.259 million have been released for National Food Security and Research Division.
Similarly, Rs 5,587.004 million have been released for National Health
Services, Regulations and Coordination Division out of its total allocations of Rs 27,014 million.
A sum of Rs 334.683.083 million has been released for Planning, Development and Reform Division out of Rs 32,878.379 million, the data revealed.
An amount of Rs 18.226 million has been released for Communications Division (other than NHA) out of its total allocations of Rs 191.13 million, whereas Rs 13.86 million have been released for Narcotics Control Division out of its total funds of Rs 324.3 million.
The government also released Rs 147.171 million for Science and Technological Research Division, Rs 40.4 million for Textile Industry Division, and Rs 140 million for SUPARCO out of its total allocations of Rs.700 million.
According to the data, the government released Rs 4,212.482 million for AJK (Block and other projects) out of its allocations of Rs 12,127.41 million, Rs 4,227 million for Gilgit-Baltistan (Block and other projects) out of its total allocations of Rs 9,230 million, and
Rs 3,619 million for SAFRON/FATA out of its allocations of Rs.19,100 million.
Rs 1,354 million have been released for Earthquake Reconstruction and Rehabilitation Authority (ERRA) out of its total allocations of Rs 5,000 million.
The Planning Commission of Pakistan has been following a proper mechanism for the release of funds. The commission releases 20 percent of funds in first quarter (July-September), 20 percent in second quarter (October-December), 30 percent in third quarter (January-March) and 30 percent in fourth quarter (April-June).