Govt releases Rs 393.735b for PSDP projects

[Salman]

Govt releases Rs 393.735b for PSDP projects

Islamabad—The government has so far released Rs 393.735 billion on 30 May, 2014 under the Public Sector Development Programme (PSDP) for various projects against total allocations of Rs 425 billion for the fiscal year 2013-14.

The government is giving top priority to strengthen economy and develop the country through Public Sector Development Programme.

According to a document released by Ministry of Information and Broadcasting, an amount of Rs 48,575.398 million has been released by Ministry of Planning, Development and Reform for various projects of Pakistan Energy Commission, out of its total allocations of Rs52,300 million earmarked under PSDP for financial year 2013-14.

A sum of Rs 79,777.862 million has been released to National Highway Authority out of total allocation of Rs 87,397.223 million for the current fiscal year for different projects.

Out of the total funds of Rs 25,621.671 million allocated for the National Health Service Regulations and Coordination Division for the current year, the government released Rs 24,098.452 million so far.

The Commission also released Rs 23,103.225 million for Railway Division out of its total allocations of Rs 26,569.894 million.

Rs 750 million have been released for National Food Security and Research Division, out of its total allocations of Rs 750 million for the year.

Funds of Rs 14,863.868 million have been released for Higher Education Commission out of its total allocation of Rs 14,962 million for the year 2013-14 whereas out of total allocations of Rs 12,048.664 million earmarked for Law, Justice and Parliamentary Affairs Division, Rs 1248.664 million have been released so far.

The Commission released Rs 73,564.624 million for WAPDA (Power) out of its total allocations of Rs 79,413.624 million whereas Rs 32,667.353 million has been provided to WAPDA (Water sector) out of its total allocations of Rs 34,957.285 million.

So far Rs 9,295 million has been released for Earthquake Reconstruction and Rehabilitation Authority (ERRA), out of its total allocations of Rs 7,750 million for the current year.ent year.

The commission also released Rs 23,298,726 million for Cabinet Division, Rs 45.964 million forClimate Change Division and Rs 791 million for Commerce Division.

In addition, Rs 211.034 million has been released for Education and Training Division, Rs 7044.966 million for Finance Division, Rs 659.654 million for Industries Division, Rs 4855.44 million for Interior Division and Rs 106.75 million for Narcotics Control Division.

Rawalpindi-Islamabad Metro Bus Service will be the second of its kind in Pakistan after the Lahore Metro Bus Service. The 23 kilometer long Metro Bus Service is costing near Rs 44.3 billion which will be shared by the Federal and Punjab governments.