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Rs. 4,150m allocated for new Railway Division Projects in PSDP

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NNPS Desk
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ISLAMABAD, Jun 9 (APP): In a significant development, the government has allocated an impressive amount of Rs. 4,150 million for new projects of the Railway Division under the Public Sector Development Program (PSDP) for the fiscal year 2023-24.

According to the official PSDP document, the allocation has been distributed across several crucial projects. Notably, Rs. 400 million has been allocated for the replacement of Track Machines, which will help modernize and enhance the efficiency of the railway infrastructure. Additionally, Rs. 200 million has been earmarked for the upgradation of Pakistan Railways’ existing Main Line (ML-1) and the establishment of a Dryport near Havelian in Phase-1 of the China-Pakistan Economic Corridor (CPEC) initiative.

To improve the braking system, Rs. 400 million has been allocated for the conversion of 328 MBFRS (Mixed Broad Gauge Freight Rolling Stock) units from the Vacuum Brake system to the Air Brake system. This upgrade will enhance the safety and performance of these rolling stock units, contributing to a more reliable and efficient freight transportation network.

Furthermore, the government has allocated Rs. 150 million for the construction of the left guide bund of Shershah Railway Bridge No.1 on the Shershah-Kundian route in the Multan Division. This investment aims to reinforce the structural integrity of the bridge, ensuring its long-term safety and functionality.

In a significant focus on track safety, the government has allocated Rs. 1,000 million each for immediate track safety works on the Tando Adam-Rohri section and the Rohri-Khanpur section in the Sukkur Division. These investments will address critical safety concerns, such as track maintenance and repairs, to ensure secure and reliable train operations in these regions. Additionally, Rs. 200 million has been allocated to improve safety through the implementation of an advanced communication system, further enhancing the overall safety standards within the railway network.

In line with efforts to streamline operations and improve logistics, Rs. 300 million has been allocated for the establishment of the Qasim Rail Freight Terminal at the Loadout Station in Karachi. This project aims to enhance the efficiency of freight handling and facilitate smooth cargo operations.

Lastly, Rs. 500 million has been allocated for the rehabilitation and overhauling of under-process track maintenance machines and cranes. This allocation underscores the government’s commitment to maintaining and optimizing the performance of these critical track maintenance assets.

The substantial allocation of funds for these new railway projects showcases the government’s commitment to the development and modernization of the railway sector. These investments are expected to boost efficiency, safety, and connectivity while fostering economic growth and promoting sustainable transportation in the country.

Rs.150m earmarked for PNRA in PSDP 2023-24

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NNPS Desk
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ISLAMABAD, Jun 9 (APP): The federal government has allocated a total of Rs. 150 million for Pakistan Nuclear Regulatory Authority (PNRA) in the Public Sector Development Programme (PSDP) 2023-24.

According to the budgetary documents issued on Friday, Rs.150 million has been earmarked for two ongoing and new schemes of PNRA.

A total of Rs.137.900 million has been earmarked for the ongoing scheme of “Establishment of Regional Nuclear Safety Inspectorate at Lahore” while Rs. 12.100 million has been allocated for the new scheme of “Installation of On-Grid Solar System at PNRA Buildings”.

GDP to grow by 3.5pc, inflation to ease by 21pc in FY24: Annual Plan

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NNPS Desk
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GDP to grow by 3.5pc, inflation to ease by 21pc in FY24: Annual Plan

ISLAMABAD, Jun 9 (APP): The government has envisaged Pakistan’s real Gross Domestic Product (GDP) to grow by 3.5 percent in the upcoming fiscal year 2023-24 (FY24) with projections of 3.5 percent for agriculture sector, 3.4 percent for industrial sector, and 3.6 percent for services sector.

The services sector is also expected to accelerate its growth to 3.6 percent in the period under review while investment to GDP ratio is expected to increase from 13.6 percent in 2022-23 to 15.1 percent in 2023-24.

The agriculture sector is expected to grow by 3.5 percent with expected contributions of important crops (3 percent), other crops (3.5 percent), cotton ginning (7.2 percent), livestock (3.6 percent), forestry (3 percent) and fishing (3 percent).

According to the Annual Plan 2023-24, a budgetary document released by the Planning Ministry on Friday, the Large Scale Manufacturing (LSM) would grow by 3.2 percent, mining and quarrying by 1.2 percent, small and household manufacturing by 8.8 percent, slaughtering by 3.8 percent, electricity generation and gas distribution by 2.2 percent and construction by 1.5 percent.

Likewise the investment to GDP ratio is expected to increase from 13.6 percent in FY23 to 15.1 percent in FY24 while fixed investment is anticipated to grow from 11.9 percent to GDP in FY23 to 13.4 percent in FY24 while national savings rate is targeted at 13.4 percent of GDP.

The wholesale and retail trade is targeted to increase by 2.8 percent, transport, accommodation and food services activities by 3.5 percent, information and communication by 5 percent, and financial and insurance activities by 3.7 percent.

Similarly the growth of real estate activities is expected to grow by 3.6 percent, public administration and social security by 3.2 percent, education by 3.0 percent, and human health and social work activities by 3.0 percent.

The country’s inflation is targeted to go down from 25 percent in FY23 to 21 percent in FY24 while the per capita income in rupee term would increase from Rs 388,766 in FY23 to Rs 478,040 in FY24.

The annual plan envisaged the country’s exports to grow up to $30.03 billion from $28 billion in FY23 while the imports would also rise to $58.7 bn from $54 billion with the overall current account deficit to expand to $6.012 billion in FY24 compared to $3.7 bn in the outgoing fiscal year. Workers’ remittances are also anticipated to grow from $28.1 billion to $30.5 bn in FY24.

According to the document, the government has also proposed trade reforms and initiatives to boost export and minimize the current account deficit. The initiatives include the process for enabling market access for many agro-products, duty drawback of local taxes scheme to be revised to enhance market and product diversification. Furthermore, the negotiations are also in progress with GCC, UAE, Eastern African countries, Korea, Vietnam and CARs to conclude Free Trade Agreements (FTAs).

The government has fixed Rs 950 billion for the development projects under federal Public Sector Development Programme (PSDP) 2023-24 besides an amount of Rs 200 billion would be spent through Public Private Partnership (PPP).

The national development outlay of Rs 1.7 trillion has been proposed for the upcoming fiscal year 2023-24 including Rs 1.559 trillion for the provinces and the rest of Rs 1.15 trillion for the federal government.

According to the Annual Plan 2023-24, the fiscal year 2023-24 is challenging and the revival of growth will depend on political and macroeconomic stability, external account improvement, supportive monetary and fiscal policies and expected fall in global oil and commodity prices.

In the PSDP 2023-34, the infrastructure sector, being the primary responsibility of the federal government, has been priority with over 52 percent share of Rs 950 billion followed by the social sector having 25 percent share, balanced regional development (AJK, GB and merged districts of KP) with 12.4 percent share.

The government has planned to undertake new important initiatives under the PSDP 2023-24. Prime Minister’s initiatives mainly include solarization of agricultural tubewells, the programme for small loans, Pakistan fund for education, support for IT start-ups, women empowerment, laptop scheme, green revolution 2.0, youth skill development, the establishment of institutes for sports, hepatitis-C Control Programme.

Other initiatives include women on wheels, the national multi-sectoral nutrition programme, one-stop service center for SEZs, flood protection sector programme and national centers for quantum computing, manufacturing and brand development.

Massive allocations in PSDP to procure 820 high-capacity freight wagons & 230 passenger coaches

By
NNPS Desk
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Massive allocations in PSDP to procure of 820 high-capacity freight wagons & 230 passenger coaches

ISLAMABAD, Jun 9 (APP): In a significant move to bolster the railway infrastructure, the government has allocated a staggering amount of Rs. 17,639.132 million for the procurement and manufacture of 820 high-capacity bogie freight wagons and 230 passenger coaches in the Public Sector Development Programme 2023-24.

This allocation highlights the government’s commitment to enhancing the capacity and efficiency of the railways, aiming to provide better transportation services for both freight and passengers.

The investment in high-capacity bogie freight wagons is expected to have a transformative impact on the logistics and cargo transportation industry. These wagons will facilitate the movement of goods across the country, ensuring faster and more secure deliveries.

The procurement of 820 such wagons will significantly enhance the railways’ freight-carrying capacity, contributing to increased trade and economic growth.

Simultaneously, the allocation for passenger coaches emphasizes the government’s dedication to improving the travel experience for railway passengers.

The addition of 230 new passenger coaches will enhance the railways’ capacity to accommodate more travellers, providing them with comfortable and safe journeys. This move aims to meet the growing demand for passenger transportation and promote railways as a preferred mode of travel.

In another major development, an allocation of Rs. 2,000 million has been made for the special repair of 100 diesel-electric locomotives. This investment demonstrates the government’s focus on enhancing the reliability and availability of the existing locomotive fleet. By undertaking specialized repairs, the railways will improve the performance and operational efficiency of these locomotives, leading to more reliable and punctual train services.

The special repair initiative will play a crucial role in minimizing downtime and optimizing the locomotives’ performance, ensuring a smooth and uninterrupted rail transport network. With improved reliability and availability of diesel-electric locomotives, the railways will be better equipped to serve passengers and meet the freight transportation needs of industries across the country.

The substantial allocations made for the procurement of high-capacity bogie freight wagons, passenger coaches, and the special repair of diesel-electric locomotives are indicative of the government’s vision to modernize and strengthen the railway sector. These investments are expected to pave the way for a more efficient, reliable, and customer-centric railway system, ultimately contributing to the economic development and prosperity of the nation.

Gov’t allocates Rs 1400m fore 13 schemes of Law Ministry

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NNPS Desk
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ISLAMABAD, Jun 9 (APP): The federal government had earmarked a total of Rs 1400 million for ten ongoing and three new schemes of the Ministry of Law and Justice in Public Sector Development Programme (PSDP) for the fiscal year 2023-24.
As per the budgetary documents released on Friday, the government had allocated Rs160 million for ongoing scheme of automation of federal courts/tribunals phase II, Rs43 million for archiving and digitalizing of legislation and record of the Ministry of Law and Justice, Rs 550 millions for the construction of legal facilitation center Islamabad High Court and Rs51.999 million for strengthening of Planning and Monitoring Unit in the Ministry of Law.
Similarly, the government specified Rs 223.412 million for the ongoing scheme of construction of new building for Supreme Court Karachi registry, Rs 38 million for strengthening and capacity enhancement of legal wings of law ministry and other federal ministries, Rs 28,985 million for strengthening and expansion of national judicial automation unit PC II, construction of federal courts complexes at Peshawar and Lahore Rs 26.969 million and Rs80 millions respectively and Rs60.888 million were allocated for construction of federal judicial academy Phase-II in H-8/4 Islamabad.
Likewise, the government allocated Rs 16.90 million for new scheme of construction of the Office of the Attorney General of Pakistan, Office of Advocate/Prosecutor General and other allied offices in connection with Supreme Court of Pakistan PC-II, Rs36.917 million for the acquisition of land for construction of federal tribunals/courts complex and Rs 82.930 millions for establishment of ICT enabled libraries at federal judicial complex at Islamabad and Peshawar.

Rs 8.850 billion allocated in PSDP 2023-24 for agriculture sector

By
NNPS Desk
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Rs 8.850 billion allocated in PSDP 2023-24 for agriculture sector

ISLAMABAD, Jun 9 (APP): The government has allocated Rs 8.850 billion for the Ministry of National Food Security and Research in Public Sector Development Programme (PSDP) 2023-24 for different projects relating to agriculture and livestock sectors’ development in the country.

Under PSDP 2023-24, an amount of Rs. 8.599 billion would be spent on the completion of 21 ongoing developmental projects, whereas Rs. 250 billion was allocated for three new schemes during the current financial year to achieve sustainable agriculture growth.

The government has allocated Rs. 2,800 million for a national programme for the improvement of watercourses phase-II, and Rs. 900 million for the national programme for enhancing the commend area in Barani areas of Pakistan and Rs. 700 million for the promotion of olive cultivation on a commercial scale.

Meanwhile, Rs. 500 million was earmarked for locust emergency and food security, Rs. 400 million for water conservation in the Barani areas of Khyber Pakhtunkhwa, Rs. 300 million for promoting research for productivity enhancement in pulses and Rs. 248 million was allocated for production enhancement of wheat.

In PSDP 2023-24, the government has suggested to spent Rs. 147 million for better cotton initiative, Rs. 100 million for cage culture cluster development and Rs. 240 million for the establishment of consumer sourcing seed authenticity system and strengthening of labs of FSC&RD.

An amount of Rs. 500 million was also allocated for the national oil seed enhancement programme, Rs. 130 million for the productivity enhancement of sugarcane and Rs. 235 million for the productivity enhancement of rice while Rs. 440 for pilot shrimp farming cluster development.

Besides, the government has proposed allocating Rs. 100 million for Pakistan-Korea joint program on certified seed potato production system, Rs. 100 million for professional capacity building in agriculture national reforms and Rs. 50 million for horticulture support programme.

Govt earmarks Rs 157.500 mln for NHA ‘s road infrastructure projects under PSDP

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NNPS Desk
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NHA

ISLAMABAD, Jun 9 (APP): The federal government has allocated Rs 157.500 million for 122 road infrastructure development projects of the National Highway Authority in the Public Sector Development Programme (PSDP) for the fiscal year 2023-2024.

According to the budgetary document released on Friday, the government has specified Rs 103375.614 million for 68 ongoing schemes of the NHA, whereas Rs 10000 million have been allocated for viability gap funding for three Build-operate-transfer schemes and Rs 44124.386 million earmarked for 51 new schemes of the NHA.

According to the document, Rs 6000 million have been allocated for land acquisition,affected properties and compensation for Rajanpur-D G Khan section of Indus Highway (N-55) as four-lane highway and rehabilitation of 329 km D G Khan-D I Khan section of N-55. Similarly Rs 6000 million have been allocated for dualization and improvement of existing Yarik-Sagu-Zhob section including Zhob bypass.

Rs 5500 million have been allocated for dualization of 330 km Khuzdar-Kuchlak section whereas Rs 5000 million construction of Gilgit-Shandur road,and as many amount have been earmarked for construction of Lahore-Sialkot Motorway link via Narang Mandi to Narowal. Rs 5000 million have also been set aside for Zhob to Kuchlak
road( CPEC Western route).

Among the new NHA schemes, Rs 6000 million have been proposed for dualization and rehabilitation of Karachi-Kararo and Wadh-Khuzdar sections. Similarly Rs 6000 million have been allocated for Kararo-Wadh and Kuchlak-Chaman section.

Rs 4000 million have been set aside for construction of Abdul Khel interchange to Dhakki to Kalurkot road.

Rs 3300 million have been allocated for VGF of construction of Kharian-Rawalpindi Motorway, Rs 5700 for VGF of Hyderabad-Sukkur Motorway project.

Govt allocates Rs 8500mln under PSDP 2023-24 for FEPT schemes

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NNPS Desk
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Govt allocates Rs 8500mln under PSDP 2023-24 for FEPT schemes

ISLAMABAD, Jun 9 (APP): The Federal Government has allocated Rs 8500 million under the Public Sector Development Programme (PSDP) for the ongoing and new schemes of the Federal Education and Professional Training (FEPT) for the fiscal year 2023-24.

According to the budgetary documents, a total of Rs 5900 million has been earmarked for ongoing schemes and Rs 2600 million for the new schemes of the Education Ministry.

Among the ongoing schemes, Rs 400 million has been allocated for establishment of Directorate General of Religious Affairs (DGRE) (3rd Revised), Rs 51.463 million for setting up Islamabad Model College for Girls G/13-1, and Rs 43.127 million for establishment of Islamabad Model College for Girls G-14/4. Similarly, Rs 225 million has been allocated for for establishment of National Curriculum Council (NCC) Secretariat (6th Revised).

The government has also allocated a hefty amount of Rs 1471.636 million for Prime Ministers Special Package to Implement “Skills for All Strategy” as Catalyst for TVET sector development in Pakistan. However, an amount of Rs 2157.092 million has been earmarked for Provision of Basic Educational (Missing) Facilities in Educational Institutions of ICT under FDE. It is to mention here that Rs 200 million has been allocated for sustainability of Computer Labs established by the Universal Service Fund(USF) along with retention of 202 computer teachers in girls schools./colleges of Federal Directorate of Education.

Among the new schemes, Rs 1500 million has been allocated for Skills Development Programme (NAVTTC) which is under process, while Rs 250 million reserved for Actions to Strengthen Performance for Inclusive and Responsive Education Programme (TA Component). Similarly, Rs 250 is earmarked for National Institute of Excellence in Teacher’s Education.

It is worth mentioning here that the federal government has reserved Rs 150 million for Out of School Children Project in Islamabad Capital Territory.

Govt earmarks Rs 40,680 million for housing, works division

By
NNPS Desk
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ISLAMABAD, Jun 9 (APP): The government has allocated an amount of Rs 40,680 million for the ongoing and new Housing and Works Division schemes for the fiscal year 2023-24 under the Public Sector Development Programme (PSDP).

The allocation included Rs 13,858.266 million for the 89 ongoing projects and Rs 26,821.734 million for 111 new schemes, according to the budgetary document issued on Friday.

On the ongoing schemes, an amount of Rs 1002.620 million has been earmarked for rehabilitation/improvement of Main G.T. Road Gujrat Lala Musa (Ghakhri Stop) to Gujrat Dinga Road (Choakorhi Bhallowal Stop) via Paswal, Kotlia, Sarang and Paswal to Thama Phatak Lala Musaa, Tehsil Kharian District Gujrat-III.

Similarly, an amount of Rs 1000.00 million has been kept for the development package Shangla roads, water supply etc.

While an amount of Rs 782.00 million has been allocated for the dualization and improvement of the Sohawa-Chakwal road project (66.405 km).

Likewise, an amount of Rs 500.000 million has been reserved for the construction of a railway underpass, Gojra Toba Tek Singh.

Regarding the new development schemes, Rs 750 million each have been allocated for the construction of Black Top Road, PCC Street and Jeepable Tracks at Tribal District Upper South Waziristan, construction of a water supply line ( 24” Dia) from Hussainabad filter pant to Kohsar water pumping station Latifabbad Hyderabad, rehabilitation of infrastructure works Orangi Town District West Karachi, rehabilitation of infrastructure works in Nazimabad and Liaqatabad in District Central Karachi, improvement/rehabilitation of different roads, water supply, sewerage, parks and playground in Landhi Town, Zaman Town, Korangi Town, district Karachi, infrastructure development in Tehsil Yazman district Bahawlpur, and installation of pressure pumps/tube-wells in district Bannu.

Govt allocates Rs. 80,111.463 mln for hydel projects

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NNPS Desk
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0

ISLAMABAD, Jun 9 (APP): The federal government has allocated Rs. 80,111.463 million for 13 ongoing and one new hydel power projects in the Public Sector Development Programme (PSDP) for the fiscal year 2023-24.

According to the budgetary document released here on Friday, out of the total allocation, the local component stood at Rs. 71,059 million and Rs. 9,052 million foreign aid component.

A sum of Rs. 58,597 million has been allocated for Dasu Hydropower Project (HPP), Rs. 4,449.453 for Tarbela 5th Extension HPP, Rs. 4,828 million for Neelum Jhelum HPP, Rs. 4,210 million for refurbishment and upgradation of generation units of Mangla Power station, Rs. 2,586 million for Wasak Hydroelectric Power Station, Rs. 2,226 million for Golen Gol HPP, Rs. 1045 million for Keyal Khwar HHP, Rs. 590 million for Tarbela 4th Exensjon HPP and Rs. 50 million for the generation feasibility of Diamer Basha Dam in the PSDP for FY 2023-24.

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