ISLAMABAD, Oct 11 (APP):The Ministry of Planning, Development and Reform has released an amount of Rs.147294 million for Public Sector Development Projects (PSDP) in first Quarter for 291 projects.
These PSDP releases in first quarter of 2017are Rs.37 billion more as compared to the corresponding period of the last fiscal year, according to a statement of Ministry of Planning Development and Reforms.
According to release report, higher releases have been made in transport and communication, water, social welfare, culture, Higher Education, SDGs, special areas, Food and Agriculture, Industries, Minerals and ERRA.
The Minister for Planning, Development and Reform has directed the ministry officials to make sure the availability of sufficient funds to fast-track completion of the PSDP projects during current fiscal year.
The minister further maintained that special focus has to be made towards priority areas of the public interest.
To achieve development goals during the fiscal year 2017-18, the Ministry has decided to invite proposals from sponsors, donors, divisions and executing agencies to provide list of the priority projects that need to be completed during current year to provide maximum possible benefits to the people in accordance with the policy of the government.
It is pertinent to mention that the government has allocated an amount of Rs.2,513 billion inclusive of federal and provincial PSDP allocations for the fiscal year 2017-18 which is the highest ever in country’s development history and furthermore it is 25 per cent higher than the fiscal year 2016-17.
Whereas, for FY2016-17, the National Development Outlay was set at Rs.1,675 billion which included Federal PSDP of Rs.800 billion and Provincial ADPs of Rs.875 billion. An amount of Rs.147294 million has been released in 1st Quarter for 291 projects.
The incumbent government is making concerted efforts to address the energy sector challenges. Almost 74 per cent of CPEC’s estimated outlay is for energy sector.
Besides, import of LNG/natural gas and respective inland pipeline infrastructure, kick-starting of 3600 MW LNG projects, 2,150 MW Dassu, 4,500 MW Diamir Basha and 969 MW Neelum Jhelum Hydropower project are major initiatives of the government to alleviate energy problems.
Under vision 2025, government set the target of raising the road-density to a level of 0.45 kilometer per square km by 2018, which will increase the existing road national network from about 2,60,000 km to 3,58,000 km.
In this relevance the PSDP year 2016-17 instigated 92 projects releasing an amount of Rs.30,117.5 million whereas during the current fiscal year, an amount of Rs.58,624.7 million has been dispensed for its 55 projects.
The water sector has 21 number of projects in FY 2016-17 with an amount of Rs.3,310.3 million while 10 water projects have so far been released an amount of Rs7,868.8 million in the first quarter of FY 2017-18.
Pakistan has to make significant leap forward in areas like education, health and social development to catch up with its peers.
Education and health sector is the major focus of incumbent government where it is working on opening a university campus in each district of Pakistan.
During FY2016-17 an amount of Rs.4,439.4 million in the first quarter of the year whereas the amount released in these sectors for the year 2017-18 has gone up to Rs 6,508.7 million rupees.
Sufficient funding have been released for 16 education and training programs also that is Rs.1374.2 million.
An amount of Rs.4,327.9 million were released for the FY 2016-17 for its 23 health projects and 17 projects of year 2017-18 have been provided with 1,998 million rupees so far.
The government is mainstreaming youth through education, skill development, entrepreneurship, training, employment, engagement, empowerment, sports and recreational facilities and has been released an amount of Rs.11.5 million.
Environment sector had 3 projects in FY 2016-17 with the released amount of Rs.31.6 million while Rs.199 million have been allocated for 7 projects in the current year for the said sector.
To acquire rapid economic growth, it is vital for the developing countries to acquire advancement in latest technologies, producing talented scientists, engineers and technicians in key areas, nurturing entrepreneurial culture, focus on innovation, and realizing collaboration among industry, R&D Institutions and academia.
The incumbent government has high focus on associating the academia with the pertinent sector to facilitate research and development.
Pakistan Vision 2025 recognizes Democratic Governance, Institutional Reform and Modernization of Public Sector as one of the seven pillars of development and growth framework.
Its major focus is strengthening institutions, fostering markets and initiating reforms in the areas of performance evaluation, service delivery, civil service, judicial systems and procedures, tax administration, procurement, financial management, police, e-governance, open government, enforcing property rights, and public sector enterprises. 23 projects are being pursued in FY2017-18 that have been released an amount of Rs.660.8 million rupees.
Food and Agriculture department worked upon 27 projects in FY 2016-17 that were released Rs 301.8 million while 21 projects of FY2017-18 have been released Rs 386.4 million of the sector.
Industry sector had 7 projects in the previous financial year with the released amount of Rs. 123.6 million while 7 projects have received Rs 271.6 million so far in the first quarter of the year.