Rs.1675 billion to be allocated for federal and provincial PSDP for 2016 17: Ahsan

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Pakistan, Russia discuss importance of regional connectivity

ISLAMABAD, May 26 (APP): Minister for Planning,
Development and Reforms Ahsan Iqbal Friday said that the
government would allocate the Rs. 800 for federal government and Rs.875 billion for the provinces under Public Sector Development Programme for the year 2016 17.

Talking to the media after chairing a meeting of Annual
Planning Coordination Committee (APCC) in Ministry of Planning, Development and Reforms here, he said that in the coming budget Rs. 21 billions will be allocated for Higher Education Commission (HEC), Rs.27 billion for Atomic Energy, Rs. 9.7 billion for Interior Ministry, Rs. 100 billion for Temporary Displaced People (TDP), Rs. 190 billion for National Highway Authority (NHA), Rs. 41 billion for Water and Power, Rs.31 billion for WAPDA, Rs. 21 billion for SAFRON, Rs. 40 billion for Railways, Rs. 12 billion for Port and Shipping and Rs. 25 billion for National Health.

The Minister informed that the government was committed
for increase the economic growth from existing 4.7 % to 5.7 % in the forthcoming budget.

“We require growth in Industrial, agriculture sectors and
want increase capacity in energy sector to get the target of economic growth of 5.7%,” he added.

He said that under China Pakistan Economic Corridor
(CPEC), different energy projects will be completed including the hydel, coal based projects and energy through gas pipelines projects.

He added that after self sufficiency in energy, country
will achieve the goals of industrial growth and objective of economic growth of 5.7 % in coming fiscal years.
He said that Dasu, Diamir Bhasha Dam projects were
priority of the government to get the required energy for economic development in the country.

The Minister said that infrastructural development was
must for the connectivity and no development would be possible without the infrastructural development.
Ahsan Iqbal said that all infrastructural projects
including roads and railways would be completed on priority basis, adding that railways infrastructure will be upgraded to facilitate the people.

He said that in coming three years university campuses
would be established in each and every district of the country.

The Minister said that to provide connectivity, Gwadar
port would be linked with other parts of the country, the road projects of Gwadar, Khuzdar and D.I Khan and Bhuran projects would be completed in priority basis.

He added that Karachi Peshawar Motorway , Indus highway
including Kohat Banu road links would also be upgraded and completed in coming year.

Ahsan Iqbal said that in current years priority was given
to CPEC projects, which must be completed in coming years.
He said, the development budget would have to be enhanced to make the country of 200 million people a ‘knowledge economy.’

The Minister opined that there was a need to enhance volume of development budget.