Govt releases Rs 41.20b for development projects



ISLAMABAD : The Planning Commission of Pakistan has so far released Rs.41.208 billion under its PSDP for various projects against the total allocations of Rs.540 billion for the fiscal year 2013-14. According to latest data of Planning Commission of Pakistan, out of these allocations, Rs.7243.403 million have been released for various projects of Pakistan Energy Commission, out of its total allocations of Rs.52300 million earmarked under PSDP for FY2013-14.
Similarly, a sum of Rs. 5699.961 million has been released to National Highway Authority out of total allocation of Rs. 63038.619 million for the current fiscal year. 
Out of the total funds of Rs.25,739.199 million allocated for the National Health Service Regulations and Coordination Division for the current year, the Planning commission released Rs.5638.974 million so far.
The Commission also released Rs.5539.679 for Railway Division out of its total allocations of Rs.30,964.894 million whereas Rs,150 million have been released for National food Security and Research Division out of its total allocations of Rs.750 million for the year.
Rs. 3698 million have been released for Higher Education Commission out of its total allocation of Rs.18490 million for the year 2013-14 whereas out of total allocations of Rs. 2363.974 million earmarked for Law, Justice and Parliamentary Affairs Division, Rs.461.368 million have been released so far.
According to the data, the commission released Rs. 3400 million for WAPDA out of its total allocations of Rs 51443.425 million.
Rs.1500 million have been released for Earthquake Reconstruction and Rehabilitation Authority (ERRA) out of its total allocations of Rs.10000 million for the current year.
The Planning Commission of Pakistan has been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism.
The commission releases 20% of funds in first quarter (July-September), 20% in second quarter (October-December), 30% third quarter(January-March) and 30% in fourth quarter (April-June).

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