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Pakistan Print 2020-05-30

PSDP 2019-2020: Government releases Rs 583.3 billion

The federal government has released Rs 583.3 billion (83.21 percent) including Rs 121.24 billion foreign aid (94.5 percent) for various ongoing and new development projects under the Public-Sector Development Programme (PSDP) 2019-2020 against the total b
Published 30 May, 2020 12:06am

The federal government has released Rs 583.3 billion (83.21 percent) including Rs 121.24 billion foreign aid (94.5 percent) for various ongoing and new development projects under the Public-Sector Development Programme (PSDP) 2019-2020 against the total budgeted allocation of Rs 701 billion.
According to the latest data of the PSDP 2019-2020 released by the Ministry of Planning, Development and Reforms on Friday, the government released Rs 244.2 billion (77.87 percent) including Rs 18 billion foreign aid for development projects of various ministries, divisions and related departments out of Rs 313.6 billion budgeted allocation.
The government also released a total of Rs 194.18 billion (102.15 percent) including Rs 96.6 billion (100 percent) foreign aid out of Rs 190.1 billion for development budget of corporations, which were released more Rs 4.1 billion (2.15 percent) of total budgeted allocation; Rs 173.5 billion including Rs 78.74 billion foreign aid out of Rs 154.966 billion, which is Rs 18.53 billion more releases out of total entire budgeted amount for the projects of the National Highways Authority (NHA); and Rs 20.7 billion including Rs 17.86 billion foreign aid for National Transmission and Despatch Company (NTDC)/Pakistan Electric Power Company (PEPCO) out of Rs35.16 billion.
The ministry released a total of Rs 43.56 billion (94 percent) including Rs 4.58 billion foreign aid out of Rs 44.28 billion budgeted allocation for development projects of special areas; Rs 27.22 billion including Rs 3.25 billion foreign aid for development projects of the Azad Jammu and Kashmir (AJK); and Rs 16.34 billion including Rs 1.3 billion foreign aid for Gilgit-Baltistan for financial year 2019-2020.
The government released Rs 7.52 billion including Rs 1.3 billion foreign aid out of Rs 9.22 billion for development projects of the National Health Services, Regulations and Coordination Division.
A total of Rs 35.16 billion out of Rs 36 billion have been released for the Cabinet Division. The government released Rs 49.74 billion for security enhancement against Rs 53 billion budgeted allocation for financial year 2019-2020.
The Ministry of Planning, Development and Reforms released Rs 8.67 billion for development projects of the Railway Division against Rs 12.57 billion budgeted allocation, Rs 1.76 billion for development projects of Science and Technology Research Division, Rs 8 billion for the National Food Security and Research Division.
The government has released Rs 3.53 billion for development projects of the Federal Education and Professional Training Division out of Rs 4.14 billion budgeted allocation, and Rs 28.29 billion including Rs 148.15 million foreign aid have been released out of Rs 28.65 billion for the development projects of the Higher Education Commission.
The ministry released a total of Rs 77.26 billion for the Water Resources Division including Rs 7.69 billion foreign aid and Rs 270.47 million for the Pakistan Nuclear Regulatory Authority.
The government has released Rs 7.5 billion for development projects of the Climate Change Division. The government has released Rs 8.4 billion for development projects of Interior Division, Rs 5.84 billion for Revenue Division, Rs 2.9 billion for Housing and Works Division, Rs 7.21 billion for Finance Division, Rs 5.17 billion for Information Technology and Telecom Division, Rs 1.86 billion for Aviation Division, and Rs 1.7 billion for Defence Production Division.
A total of Rs 23 billion have been released out of Rs 48 billion for development project of Merged Areas 10 Years Development Plan, and Rs 14.87 billon against Rs 24 billion for Merged Districts of the Khyber-Pakhtunkhwa.

Copyright Business Recorder, 2020

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