ISLAMABAD: The government has earmarked Rs100 million in its Public Sector Development Programme (PSDP), 2014-15 for the promotion of olive cultivation on commercial scale in the country.

According to the budgetary documents, the total estimated cost for the project is Rs500 million while an amount of Rs100 million has been allocated for the fiscal year 2014-15.

The status of the project is un-approved and it has to be approved by the Central Development Working Party (CDWP).

It may be mentioned here that in the PSDP, 2014-15, National Food Security and Research Division was allocated a total amount of Rs1071.3 million including Rs331.135 million for 9 news schemes and Rs740.165 million for 8 on-going schemes.