April 22, 2021

The Federal Government has released Rs492 bn for Social Sector Uplift Projects

Under the Public Sector Development Programme (PSDP) 2020-21, the Federal Government has so far announced Rs500.942 billion out of a proposed budget of Rs650 billion for various existing and new social sector uplift initiatives.

According to the latest statistics provided by the Ministry of Planning, Development and Reform, the funds released include Rs321.55 billion for federal ministries, Rs.148.65 billion for enterprises, Rs29.54 billion for special zones, and Rs1.2 billion for the Earthquake Reconstruction and Rehabilitation Authority (ERRA). For the fiscal year 2020-21, the gross PSDP allocation for ERRA is Rs3.00 billion.

Similarly, the National Highway Authority has received Rs98.32 billion from the PSDP allocation of Rs118.67 billion, the National Transmission and Dispatch Company (NTDC) has received Rs50.32 billion from the PSDP allocation of Rs158.3 billion, and the Water Resources Division has received Rs64.8 billion from the PSDP allocation of Rs79.38 billion.

Similarly, the Higher Education Commission has received Rs22.5 billion from a fund of Rs22.49 billion, and the Pakistan Nuclear Regulatory Authority has received Rs323.7 million from a fund of Rs350 million. The Railways Division has been given Rs16.48 billion in development funds, the Interior Division has been given Rs.11.8 billion, and the National Health Services, Regulations, and Coordination Division have been given Rs12.7 billion.

The Revenue Division has been allocated Rs.6.5 billion, while the Cabinet Division has been allocated Rs24.14 billion. The government has allocated Rs18.76 billion from a PSDP allocation of Rs24.5 billion for construction projects in Azad Jammu and Kashmir (AJK) and Rs10.78 billion from a PSDP allocation of Rs15 billion for projects in Gilgit Baltistan.

Meanwhile, according to data published by the Planning Commission, gross investments by different ministries and agencies during the first eight months of the current fiscal year (July-February) totaled Rs263.1 billion out of Rs479 billion in total released funds.

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