ISLAMABAD: The federal government has released Rs478.79 million out of total allocation of Rs1.029 billion for Industries and Production Division under Public Sector Development Programme (PSDP), 2016-17.
According to data provided by Planning Commission, by April 22, 2017 an amount of Rs135.7 million has been released for the development projects of Pakistan Gems and Jewellery Development Company.
Similarly for the establishment of CFC for Silk Cluster at Mingora, Swat, an amount of Rs4.65 million out of total allocation of Rs50.9 million for the year 2016-17 has been released.
An amount of Rs118.53 million has also been released for the establishment of Bostan Industrial Estate Phase-I, Balochistan out of total allocation of Rs261.9 million while Rs17.15 million have been released for establishment of Gems and Jewelry Development Company, Azad Jammu Kashmir.
Likewise, Rs17.75 million have been released for the establishment of infrastructure in Quetta Industrial and Trade Estate (Phase-II) whereas Rs56 million have been released for Hyderabad Engineering Support Center.
It is pertinent to mention here that the government has so far released about Rs549.979 billion for various ongoing and new projects of all the ministries and divisions under PSDP 2016-17 out of its total Rs800 billion allocations.
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.
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