ISLAMABAD - The government has released Rs 19 billion for the Public Sector Development Programme (PSDP) during the first and half months (July-August 15 period) of the ongoing financial year 2012-2013, which is around 8 per cent of the overall allocation to be made throughout the fiscal year.
Official figures of the Planning Commission of Pakistan revealed that government has released Rs 19 billion for Public Sector Development Programme in the one and half months (July-August 15 period) of the current financial year. The government has planned to spend Rs 360 billion on the PSDP during the current financial year wherein government would release Rs 233 billion, foreign aid/loan would be Rs 100 billion and Rs 27 billion are for Special programmes.
According to the details, the government has released Rs 7.9 billion for infrastructure against the overall allocation of Rs 200.9 billion to be made in the current fiscal year.
Similarly, the government has released Rs 9.9 billion for social sector as against overall allocation of Rs 146.1 billion. Meanwhile Rs 0.80 billion has been released for Earthquake Rehabilitation and Reconstruction Authority (ERRA) during the period under review against the overall allocation of Rs 10 billion for the whole financial year 2012-2013. Similarly, the government has released Rs 0.4 billion for others sectors against the overall allocation of Rs 3 billion to be made throughout the fiscal year.
The government has kept funds for 1074 projects, which overall cost is around Rs 2924.8 billion. However, the government has allocated to spend Rs 360 billion within the ongoing fiscal year for which the government would get Rs 100 billion from foreign resources that included aid and loans.