AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
Pakistan Print 2020-02-19

Need for expeditious utilisation of uplift projects stressed

The ministries/divisions are expediting utilisation of funds released for development projects under the Public-Sector Development Programme (PSDP) 2019-2020 after a recent grilling by Prime Minister Imran Khan, it has been learnt.
Published 19 Feb, 2020 12:00am

The ministries/divisions are expediting utilisation of funds released for development projects under the Public-Sector Development Programme (PSDP) 2019-2020 after a recent grilling by Prime Minister Imran Khan, it has been learnt.

According to the sources, a total of 52 percent (Rs230.57 billion) funds have been utilised for development projects against 63.4 percent (Rs444.3b) released.

Total size of the PSDP during the current fiscal year is Rs701 billion out of which Rs424 billion are authorized by the Ministry of Planning, Development and Reform, while Rs149 billion are to be managed and released by the Finance Division whereas the remaining Rs128 billion are part of foreign aid component, which are directly disbursed to the project authorities.

The sources said that under the direction of the prime minister, a series of meetings of various ministries and their departments were being held with the prime minister to discuss the issue of less utilisation of funds for development projects under the PSDP.

The Ministry of Planning, Development and Reform on February 13 told Senate Standing Committee on Planning that the utilisation funds of ministries was less than 20 percent against funds released in the first two quarters of the current financial year.

Officials of the Planning Ministry had told the committee that some departments such as the National Highways Authority (NHA) created hype and got projects approved in the PSDP, but later did not utilised the funds.

The sources said Federal Minister for Planning, Development and Special Initiatives Asad Umar and the secretary of Ministry of National Health Services, Regulation and Coordination on Tuesday held meeting with the prime minister and discussed the issue of utilisation of funds.

They said the Prime Minister expressed resentment on the secretary Ministry of National Health Services, Regulation and Coordination for not utilising funds for establishment of six Basic Health Units (BHUs) in rural areas of Islamabad despite release of funds.

The secretary gave assurance to the prime minister that the six BHUs would be completed and become operational till June 2020.

Federal Minister for Planning, Development and Special Initiatives Asad Umar had also said, while talking to media last Friday that the IMF was also stressing for full utilisation of development budget during the current fiscal year.

Meanwhile, Asad Umar chaired a meeting on Tuesday to discuss the conclusion and outcomes of the recent review of the PSDP projects, carried out by the Planning Commission.

Deputy Chairman Planning Commission, Secretary Planning and other senior officials participated in the meeting.

The minister was informed that the PSDP projects of all the ministries/divisions were discussed in detail during the review exercise.

The ministries submitted their progress reports and their work plan for the remainder of the financial year.

Copyright Business Recorder, 2020

Comments

Comments are closed.