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Home Business & Stock

Govt releases over Rs319bn for various development projects

MM News Staff by MM News Staff
January 14, 2021
Reading Time: 1 min read

KARACHI: The federal government has released Rs. 319.56 billion for various ongoing and new social sector uplift projects till date under its Public Sector Development Programme (PSDP) 2020-21.

According to the latest data released by the Ministry of Planning, Development and Reforms, the released funds include Rs. 207.17 billion for federal ministries, Rs.87 billion for corporations and Rs. 25.25 billion for special areas,

The government also released Rs. 750 million for the Earthquake Reconstruction and Rehabilitation Authority (ERRA). The total PSDP allocation for ERRA for the year 2020-21 is Rs. 1.5 billion.

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Similarly, Rs. 55.2 billion out of PSDP allocation of Rs. 118.67 billion has been released for the National Highway Authority, Rs.31.8 billion out of Rs. 158.3 billion for the National Transmission and Dispatch Company (NTDC), and Rs. 45 billion out of Rs. 81.2 billion for the for the Water Resources Division.

Likewise, Rs. 14 billion out of the allocated fund of Rs. 29.4 billion has been disbursed to the Higher Education Commission, Rs. 175 million out of Rs. 350 million to the Pakistan Nuclear Regulatory Authority.

The Railways Division has received development funds of Rs. 11.7 billion, the Interior Division Rs. 7.38 billion, and the National Health Services, Regulations, and Coordination Division Rs. 7.4 billion.

The Revenue Division has received Rs. 4.6 billion and Cabinet Division Rs. 38.2 billion. Likewise, the government also released Rs. 13.99 billion out of PSDP allocation of Rs. 27.24 billion for development projects in Azad Jammu and Kashmir (AJK) and Rs 11.26 billion out of Rs. 25 billion for Gilgit Baltistan projects.

Tags: FundsProjectspsdpsocial sector
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