ISLAMABAD - The Planning Commission of Pakistan has so far released Rs 125.5 billion under its Public Sector Development Programme (PSDP) against the total allocations of Rs 233 billion for the fiscal year 2012-13.

Out of the total funds, Rs 65.4 billion have been released for 345 infrastructure development projects and Rs 56.1 billion for 690 social sector projects. According to data of the Planning Commission, till March 1st, Rs 1.2 billion have been released for 71 other projects and Rs 2.8 billion for the Earthquake Reconstruction and Rehabilitation Authority (ERRA).

It is pertinent to mention here that the total size of the PSDP for the year 2012-13 is Rs 360 billion, including Rs.100 billion foreign aid, which is managed by Economic Affairs Division and Rs.27 billion special programmes, release of which are made by Cabinet Division or Finance Division. According to break up details, the total cost of 345 infrastructure projects has been estimated at Rs. 2320.3 billion, out of which, Rs. 211.1 billion have been earmarked in the 2012-13 budget that include Rs. 85.6 billion as foreign aid.

Likewise, the total cost of 690 social sector projects is Rs. 551.8 billion, of which, Rs.135.9 billion have been allocated in the current PSDP with foreign aid of Rs 8.4 percent.

The cost of other 71 projects has been estimated at Rs. 41.3 billion out of which Rs.3 billion has been earmarked in the PSDP 2012-13 while Rs.10 billion has 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 commission releases 20% of funds in first quarter (July-September), 20% in second quarter (October-December), 25% third quarter (January-March) and 35% in fourth quarter (April-June).