ISLAMABAD: The Planning Commission of Pakistan has so far released Rs60.9 billion under its Public Sector Development Programme (PSDP) against the total allocations of Rs233 billion for the fiscal year 2012-13.
Out of the total Rs32.9 billion have been released for 344 infrastructure development projects while 26.4 billion for 672 social sector projects, according to the latest data of the Planning Commission.
Similarly, Rs0.7 billion have been released for 68 other projects and Rs0.8 for Earthquake Reconstruction and Rehabilitation Authority (ERRA).
According to the 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 Rs203 have been earmarked in the 2012-13 budget that include Rs85.6 as foreign aid.
Likewise, the total cost of social sector projects is Rs546.8, of which Rs143.7 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 20pc of funds in first quarter (July- September), 20pc in second quarter (October-December), 25pc third quarter (January- March) and 35pc in fourth quarter (April-June).
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