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Govt releases Rs28.32 billion for development projects so far
 
 
 

ISLAMABAD : The government has so far released over Rs.28.327 billion under Public Sector Development Programme (PSDP) for various projects against total allocations of Rs 525 billion for the fiscal year 2014-15. According to the latest data of Ministry of Planning, Development and Reforms, Rs 9015.6 million have been released for various projects of Pakistan Atomic Energy Commission, out of its total allocations of Rs 51,475 million, earmarked under PSDP for FY 2014-15. The government released 7,483.200 million for Railways Division for which Rs.29,566 million have been earmarked in the PSDP of FY 2014-15.
An amount of Rs.807.123 has been released for Cabinet Division, out of its total allocations of Rs.2077.587 million whereas Rs.18.226 million have been released for Communications Division out of Rs.191.130 million.
A sum of Rs.72.600 million have been released for Commerce Division, out of its total allocations of Rs.363 million whereas out of the total allocations of Rs.11,061 million allocated for Finance Division, the government has so far released Rs.206.950 million.
According to the data, the government also released Rs.581.371 million for Interior Division for which Rs.3900.168 million have been earmarked in the budget of current year.  Similarly, Rs.148.032 million have been released for National Health Services, Regulations and Coordination Division out of its total allocations of Rs.27,014 million.  A sum of Rs.17.983 million have been released for Planning, Development and Reform Division out of Rs.32,878.379 million, the data revealed.
The government also released Rs.2090 million for AJK (Block and other projects) out of its allocations of Rs.12,127.410 million and Rs.3416 million for SAFRON/FATA out of its Rs.19100 million.  Rs.500 million have been released for Reconstruction and Rehabilitation Authority (ERRA), out of its total allocations of Rs.5000 million.
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 Commission releases 20 per cent of funds in first quarter (July-September), 20 per cent in second quarter (October-December), 30 per cent third quarter(January-March) and 30 per cent in fourth quarter (April-June).

 
 
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