ISLAMABAD: The Planning Commission of Pakistan has so far released Rs87.3 billion under its Public Sector Development Programme (PSDP) against the total allocations of Rs233 billion for the fiscal year 2012-13.
Out of total Rs51.5 billion have been released for 344 infrastructure development projects while Rs33 billion for 673 social sector projects, according to the latest data of the Planning Commission.
Similarly,Rs08 billion have been released for 68 other projects and Rs2 billion for Earthquake Reconstruction and Rehabilitation Authority (ERRA).
According to data, these releases have been made against Rs233 PSDP allocations.
It is pertinent to mention here that the total size of the PSDP for the year 2012-13 is Rs360, including Rs100 billion foreign aid, which is managed by Economic Affairs Division and Rs27 billion special programmes, release of which are made by Cabinet Division or Finance Division.
According to break up details total cost of 344 infrastructure projects has been estimated at Rs2346.4 billion, out of which Rs210.9 billion have been earmarked in the 2012-13 budget that include Rs85.6 as foreign aid.
Likewise, the total cost of social sector projects is Rs547.1, of which Rs136.2 billion have been allocated in the current PSDP with foreign aid of Rs8.4 percent.
The cost of other projects has been estimated at Rs40.6 billion out of which Rs3 billion have been earmarked in the PSDP 2012-13 while Rs10 billion have been earmarked for ERRA in the current development programme.
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 Planning Commission releases 20 percent of funds in first quarter (July- September), 20 percent in second quarter (October-December), 25 percent third quarter (January-March) and 35 percent in fourth quarter (April-June).
Comments
Comments are closed for this article.