ISLAMABAD: Despite financial constraints and disruptions caused by super floods last year, the Ministry of Planning, Development & Special Initiatives has released Rs129 billion for development projects under Public Sector Development Program (PSDP) for the fourth quarter of (2022-23).
The Water Resource Division and Higher Education Commission (HEC) have been given top priority in the PSDP, a news release said on Sunday.
In the last quarter of 2021-22, there was a zero release for the PSDP, which resulted in the government shrinking the PSDP from Rs 700 billion to Rs 550 billion.
Ministry of Planning releases Rs 129 billion for development projects under #PSDP despite financial constraints and disruptions caused by super floods last year. The #Water Resource Division and #HigherEducation Commission have been given top priority. pic.twitter.com/0vOUWYsorl
— Ministry of Planning and Development (@PlanComPakistan) April 16, 2023
According to the latest data provided by the Planning Ministry, an amount of Rs 129b has been released for development projects under PSDP for the fourth quarter (2022-2023), including Rs 27b for Azad Jammu & Kashmir AJK, Gilgit-Baltistan GB and Ex-FATA.
An amount of Rs 30 billion was released to the Power Division to speed up the projects like Diamer-Bhasha Dam, Mohmand Dam, Kachi Canal, Nai Gaj Dam, Rs 22 billion for the Ministry of Communications to expedite the projects like Khuzdar-Kuchlak Road, Dualization & Improvement of Old Bannu Road, and Rs 8 billion for the HEC projects.
Similarly, an amount of Rs 4 billion was released for the Ministry of Housing and Works, Rs 8 billion for the Ministry of Railway, and Rs 5 billion for the Power Division.
