Govt releases Rs93mln for Revenue Division Projects

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ISLAMABAD, Sep 12 (APP): The government has so far released
Rs93 million for various projects of Revenue Division under the
Public Sector Development Programme (PSDP) for the current financial
year (2017-18).
In total the government has earmarked Rs790.100 million for
Revenue Division Projects in the federal PSDP for the current year,
with foreign component of Rs105 million, according to official
sources.
As per the breakup figures, the government released Rs35
million for Development of Integrated Transit Trade Management
System (ITTMS) under Asian Development Bank Regional Improving
Border Service Project.
In total Rs255.377 million have been earmarked for this
project in the current fiscal year with foreign component of Rs100
million.
The total cost of the project has been estimated at Rs31,626
million, according to data of Ministry of Planning, Development and
Reform.
The government also released Rs40 million for establishment of
Inland Revenue Offices in Pakistan for which an amount of Rs148
million have been sanctioned in the current PSDP.
An amount of Rs15 million has been released for project for
security improvement in Karachi Port and Port Qasim for Installation
of three fixed and one Mobile Scanner.
In total Rs55 million have been earmarked for the project in
PSDP2016-17 including Rs5 million assistance of JICA.
The government also released Rs3 million for construction of
Regional Tax Office at Dera Ismail Khan, for which Rs10 million have
been earmarked in the current PSDP.
It is pertinent to mention here that the government has so far
released over Rs 132.87 billion under PSDP for the fiscal year
2017-18 for various ongoing and new schemes against their total
allocations of Rs.1001 billion.
The released funds include Rs 34.59 billion for federal
ministries and Rs 14.767 billion for special areas, according to
latest data of Ministry of Planning, Development and Reform.
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).