ISLAMABAD - The government has released over Rs 47.871 billion till September 19 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.
An amount of Rs.3,921.931 million have been released for Higher Education Commission (HEC) out of its total allocations of Rs.200,68.926 million whereas Rs.860 million have been released for Water and Power Division (Water Sector) out of its total allocations of Rs.43,427.180 billion for the current fiscal year.
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.1,162.078 has been released for Cabinet Division out of its total allocations of Rs.2,077.587 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.657.741 million.
According to the data, the government also released Rs.581.371 million for Interior Division for which Rs.3,900.168 million have been earmarked in the budget of current year whereas Rs.170.037 million have been released for National Food Security and Research Division.
Similarly, Rs.5,581.544 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.
An amount of Rs.18.226 has been released for Communications Division (other than NHA) out of its total allocations of Rs.191.130 million whereas Rs.13.860 million have been released for Narcotics Control Division out of its total funds of Rs.324.300 million.
The government also released Rs.135.266 million for Science and Technological Research Division, Rs.40.400 for Textile Industry Division.
The government also released Rs.2,090 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.
The Commission releases 20 percent of funds in first quarter (July-September), 20 percent in second quarter (October-December), 30 percent third quarter(January-March) and 30 percent in fourth quarter (April-June).