Govt releases Rs.55.639 billion for development projects

ISLAMABAD: The Planning Commission of Pakistan has so far released Rs.55.639 billion under its Public Sector Development Programme (PSDP) for various projects against the total allocations of Rs.540 billion for the fiscal year 2013-14.

According to latest data of Planning Commission of Pakistan, out of these allocations, Rs.7243.403 million have been released for various projects of Pakistan Atomic Energy Commission, out of its total allocations of Rs.52300 million earmarked under PSDP for FY 2013-14.Similarly, a sum of Rs. 7312.961 million has been released for National Highway Authority out of total allocation of Rs. 63038.619 million for the current fiscal year.

Out of the total funds of Rs.25,739.199 million allocated for the National Health Service Regulations and Coordination Division for the current year, the Planning commission released Rs.5638.974 million so far.

The Commission also released Rs.5589.679 for Railway Division out of its total allocations of Rs.30,964.894 million whereas Rs.160 million have been released for National food Security and Research Division out of its total allocations of Rs.750 million for the year.

Rs. 3698 million have been released for Higher Education Commission out of its total allocation of Rs.18490 million for the year 2013-14 whereas out of total allocations of Rs. 2363.974 million earmarked for Law, Justice and Parliamentary Affairs Division, Rs.461.368 million have been released so far.

According to the data, the commission released Rs. 4985 million for WAPDA (Power) out of its total allocations of Rs 51543.425 million where as Rs.4068.266 million have been provided to WAPDA (Water Sector) out of its total allocations of Rs.57840.211 million.

Rs.1570 million have been released for Earthquake Reconstruction and Rehabilitation Authority (ERRA) out of its total allocations of Rs.10000 million for the current year.

The commission also released Rs.614.993 million for cabinet division, Rs.10,000 for Capital Administration and Development Division, Rs.17.263 for Climate Change Division and Rs.158.200 million for Commerce Division.

In addition, Rs. 88.219 have been released for Education and Training Division, Rs.1473.206 for Finance Division, Rs.160.954 million for Industries Division, 936.173 for Interior Division and Rs.34.347 for Narcotics Control Division.

The Commission, released Rs.10 million for Petroleum and Natural Resources Division, Rs.95.430 for Planning and Development Division, Rs.413,347 for Science and Technology Research Division, Rs.38.932 for SUPARCO and Rs.63 million for Textile Industry Division.

Rs.2654 million have been released for AJK (Block and other projects), Rs.4342 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).