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    <title>Business Recorder - Business &amp; Finance</title>
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    <pubDate>Thu, 13 Aug 2026 17:11:50 +0500</pubDate>
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      <title>Rs7.935bn released for 38 projects: SA informed</title>
      <link>https://www.brecorder.com/news/7295/rs7935bn-released-for-38-projects-sa-informed</link>
      <description>&lt;p&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/mar/sindh_assembly_400.jpg" width="400" height="266" /&gt;KARACHI: Federal Government has released Rs 7.935 billion for 38 projects in the province under Public Sector Development Projects till June 2009, the Sindh Assembly was informed here on Wednesday.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Speaking on behalf of Sindh Chief Minister Syed Qaim Ali during the question answer session, Finance Minister Syed Murad Ali Shah, said that during the fiscal year 2008-09, a total of 55 schemes and projects with allocation of Rs 18.540 billion were including in Federal PSDP 2008-09 which were being executed by Government of Sindh.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;However, due to financial constraints, the Federal Government released an amount of Rs 4.652 billion against 32 projects upto March 2009 and funds were not released for 23 schemes.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"But subsequently in the end of financial year upto June, 2009, Federal Government released Rs 7.935 billion for 38 projects," the House was informed.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Under the Annual Development Plan (ADP), Rs 55 billion were allocated during 2008-09 and out of which Rs 47.433 billion were utilized.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Similarly, Rs 75 billion were allocated under ADP out of which Rs 21.45 billion were utilized till February 2010.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Moreover, under the non-ADP joint venture between government of Sindh with M/s Engro Power Gen. Ltd for detailed feasibility study and development of coal mining in Block-II Thar Coal has been estimated to the tune of Rs 199.200 million.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The House was further informed that under ADP, community development through civil society organisations has also been initiated under ADP with a cost of Rs 622.8 million while Rs 2.4 billion has been allocated for partnership between competitiveness support fund and Government of Sindh for Sindh Development Fund.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;In addition, the Planning &amp; Development Department approved 489 schemes of 29 departments against 500 schemes submitted during the period from June 01, 2008 till May 31st, 2009.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The session was further informed that Hyderabad Electricity Supply Corporation (HESCO) electrified 1,873 villages of 22 districts of the province during 2008-09 and 3,302 villages in fiscal 2009-10.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright APP (Associated Press of Pakistan), 2011&lt;/b&gt;&lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/mar/sindh_assembly_400.jpg" width="400" height="266" />KARACHI: Federal Government has released Rs 7.935 billion for 38 projects in the province under Public Sector Development Projects till June 2009, the Sindh Assembly was informed here on Wednesday.</p>
<p class="MsoPlainText">Speaking on behalf of Sindh Chief Minister Syed Qaim Ali during the question answer session, Finance Minister Syed Murad Ali Shah, said that during the fiscal year 2008-09, a total of 55 schemes and projects with allocation of Rs 18.540 billion were including in Federal PSDP 2008-09 which were being executed by Government of Sindh.</p>
<p class="MsoPlainText">However, due to financial constraints, the Federal Government released an amount of Rs 4.652 billion against 32 projects upto March 2009 and funds were not released for 23 schemes.</p>
<p class="MsoPlainText">"But subsequently in the end of financial year upto June, 2009, Federal Government released Rs 7.935 billion for 38 projects," the House was informed.</p>
<p class="MsoPlainText">Under the Annual Development Plan (ADP), Rs 55 billion were allocated during 2008-09 and out of which Rs 47.433 billion were utilized.</p>
<p class="MsoPlainText">Similarly, Rs 75 billion were allocated under ADP out of which Rs 21.45 billion were utilized till February 2010.</p>
<p class="MsoPlainText">Moreover, under the non-ADP joint venture between government of Sindh with M/s Engro Power Gen. Ltd for detailed feasibility study and development of coal mining in Block-II Thar Coal has been estimated to the tune of Rs 199.200 million.</p>
<p class="MsoPlainText">The House was further informed that under ADP, community development through civil society organisations has also been initiated under ADP with a cost of Rs 622.8 million while Rs 2.4 billion has been allocated for partnership between competitiveness support fund and Government of Sindh for Sindh Development Fund.</p>
<p class="MsoPlainText">In addition, the Planning & Development Department approved 489 schemes of 29 departments against 500 schemes submitted during the period from June 01, 2008 till May 31st, 2009.</p>
<p class="MsoPlainText">The session was further informed that Hyderabad Electricity Supply Corporation (HESCO) electrified 1,873 villages of 22 districts of the province during 2008-09 and 3,302 villages in fiscal 2009-10.</p>
<p class="MsoPlainText"><Center /><b><i>Copyright APP (Associated Press of Pakistan), 2011</b></i></center></p>
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      <category>Business &amp; Finance</category>
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      <pubDate>Wed, 16 Mar 2011 15:29:24 +0500</pubDate>
      <author>none@none.com (Asad Naeem)</author>
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