Gov’t releases Rs 598.493 bln for development projects

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ISLAMABAD, May 7 (APP): The federal government has released
Rs 598.493 billion for different social sector developmental
projects under Public Sector Development Programme (PSDP) 2016-17 as
against the total allocations of Rs 800 billion.
According to latest data released by ministry of Planning, the
government released Rs 22.573 billion for Pakistan Atomic Energy
Commission (PAEC) against its total allocation of Rs 27.690 billion.
The government also released Rs 166.201 billion for
infrastructure and development projects under National Highway
Authority (NHA) against its total allocation of Rs 188 billion.
In addition, an amount of Rs 121.271 billion was released for
Water and Power Development Authority (Power Sector) and other power
sector projects against the total allocation of Rs 130 billion
for current fiscal year to overcome the shortage of energy in the
country.
Meanwhile, a sum of Rs 24.116 billion was released for
Water and Power Division (Water sector) projects for building the
mega water reservoirs as compared to total allocation of Rs 31.716
billion.
About Rs 19.172 billion have been released for Higher
Education Commission as compared to its total allocation of Rs
21.486 billion.
Similarly an amount of Rs 7.219 billion has been provided to
Housing and Works Division against the allocations of Rs 7.687
billion while an amount of Rs 4.716 billion was released for
Finance Division out of total Rs 9.4337 billion.
The government released Rs 11 billion for Interior Division
against its total allocation of Rs 11.568 billion while an amount of
Rs 21.078 billion was released for National Health Services,
Regulations and Coordination Division out of its total allocations
of Rs 24.951 billion.
The government released Rs 52.296 billion for Special
Federal Development Programme for Temporary Displaced Persons (TDPs)
and Security Enhancement under current year’s development programme
for the rehabilitations of TDPs.
The government released Rs 17.997 billion for Azad Jammu
and Kashmir (Block and other projects), Rs 9.64 billion for
Gilgit-Baltistan (Block and Other Projects) and Rs 21.462 billion
for SAFRON/FATA (Block and Other projects).
The Planning Commission of Pakistan followed a
proper mechanism to release funds.
The commission releases 20 percent funds in first quarter
(July-September), 20 percent in second quarter (October-December),
third quarter and 30 percent each in third quarter (January-March)
and fourth quarter (April-June).