Inside Financial Markets
Rs 479.238 billion released for social sector uplift projects - Inside Financial Markets

Rs 479.238 billion released for social sector uplift projects

– Associated Press of Pakistan

 The federal government has released Rs 479.238 billion for various ongoing and new social sector uplift projects till date under its Public Sector Development Programme (PSDP) 2020-21.

The released funds include Rs310.88 billion for federal ministries, Rs137.8 billion for corporations, Rs29.3 billion for special areas, and Rs1.2 billion for the Earthquake Reconstruction and Rehabilitation Authority (ERRA), according to the latest data released by the Ministry of Planning, Development and Reform.

The total PSDP allocation for ERRA for the year 2020-21 is Rs1.5 billion.
Similarly, Rs98.007 billion out of PSDP allocation of Rs118.67 billion has been released for the National Highway Authority, Rs39.84 billion out of Rs158.3 billion for the National Transmission and Dispatch Company (NTDC), and Rs63.98 billion out of Rs81.2 billion for the for the Water Resources Division.

Likewise, Rs22.48 billion out of allocated fund of Rs29.4 billion has been disbursed to the Higher Education Commission, Rs294.5 million out of Rs350 million to the Pakistan Nuclear Regulatory Authority.

The Railways Division has received development funds of Rs18.8 billion, the Interior Division Rs11.8 billion and the National Health Services, Regulations, and Coordination Division received Rs10.78 billion.

Similarly, the Revenue Division has got Rs6.46 billion, and the Cabinet Division Rs24.11 billion. Likewise, the government also released Rs18.52 billion out of PSDP allocation of Rs27.24 billion for development projects in Azad Jammu and Kashmir (AJK) and Rs 10.77 billion out of Rs. 15 billion for Gilgit Baltistan projects.

Syed Zaki Hussain

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)