Govt releases Rs474.255 bln for development projects

ISLAMABAD, May 16 (APP): The government has so far released over Rs 474.255 billion for different social sector development projects under Public Sector Development Programme (PSDP) 2015-16 against the total allocations of Rs 700 billion earmarked for the current fiscal year.

As sum of Rs 101.833 billion has been released for Water and Power Development Authority’s (WAPDA) Power Sector for which the government has allocated an amount of Rs 113.896 billion for the current fiscal year, according to the latest data of the Ministry of Planning, Development and Reform.

Similarly, Rs 21.787 billion have been released for Water and Power Division (Water Sector) for its various projects for building the water reservoirs against its total allocations of Rs 30.120 billion in federal PSDP 2015-16.