Pakistan

Govt releases Rs15.42 billion under PSDP 2019-20

Govt releases Rs15.42 billion under PSDP 2019-20

ISLAMABAD: The federal government has released Rs 15.42 billion (2.2 percent) for various ongoing and new development projects under Public Sector Development Programme (PSDP) 2019-20 against the total budgeted allocation of Rs 701 billion.

The government released Rs 88.75 million out of Rs 110 billion budgeted allocation only for ongoing development projects of China-Pakistan Economic Corridor (CPEC).

According to data of PSDP 2019-20 released by the Ministry of Planning, Development and Reform, the government released Rs 10.26 billion (3.13 percent) for development projects of various ministries, divisions and related departments out of Rs 327.85 billion budgeted allocation.

The government did not release funds for Cabinet Division, Climate Change Division, Communication Division (other than NHA), Defence Division, Defence Production Division, Establishment Division, Federal Education and Professional Training Division, Finance Division, Information and Broadcasting Division,  Information Technology and Telecom Division, Inter-Provincial Coordination Division, Law and Justice Division, National Highway Authority (NHA), Water Resources Division and Maritime Affairs Division, etc.

However, the government released Rs 52.7 million for development projects of Aviation Division against the total of Rs 1.266 billion budgeted allocation, and Rs 20 million out of Rs 100 million budgeted allocation for Board of Investment. A total of Rs 4.45 billion have been released for Foreign Affairs Division against Rs 29.05 billion budgeted allocation. The government released Rs 750.15 million out of Rs 9.85 billion for development projects of Interior Division and Rs 15.25 million for National Health Services, Regulations and Coordination Division.

The government released Rs 4.27 billion out of Rs 24.46 billion budgeted allocation for development projects of Pakistan Atomic Energy Commission, Rs 45.75 million for Planning, Development and Reform Division and Rs 365.85 million for Pakistan Space and Upper Atmosphere Research Commission (SUPARCO).

The Ministry of Planning, Development and Reform also has released Rs 4.66 billion against the total of Rs 44.85 billion budget allocation for development projects of Azad Jammu and Kashmir (AJK) but no amount has been released for development projects of Gilgit-Baltistan.

The funds are released as per quarterly ceilings; first quarter (July-September) 20 percent, second quarter (October-December) 20 percent, third quarter (January-March) 30 percent and fourth quarter (April-June) 30 percent.

Copyright Business Recorder, 2019