The Annual Plan Coordination Committee (APCC) in its meeting to be held here on May 10 (Thursday) is likely to earmark Rs.825 billion in the Public Sector Development Programme (PSDP) 2012-13 for various on-going and new development schemes at federal as well as provincial level, showing an increase of 11.51 percent over the PSDP of the outgoing fiscal year. Out of the total PSDP 2012-13, the APCC is likely to be recommended Rs. 350 billion as federal PSDP while Rs. 475 billion are likely to be approved for provincial PSDP, official sources told APP. As compared to the PSDP of the last year, the PSDP this year has been increased by 11.51 percent, including federal PSDP by 17 percent and provincial PSDP by 9.47 percent, an official in the Planning Commission said. He said PSDP for the year 2012-13 would be presented before the Annual Plan Coordination Committee (APCC) during its meeting scheduled to be held here on Thursday under the joint chairmanship of Minister for Finance, Dr. Abdul Hafeez Shaikh and Deputy Chairman Planning Commission of Pakistan, Dr. Nadeem-ul-Haq. The Planning Commission official added that in the first part of the meeting the economic outlook during the current financial year would be presented to the participants in detail. In the second part of the meeting, he added that the allocations recommended by the priority committee of the government would be discussed to be chaired by the Deputy Chairman Commission Dr.Nadeem ul Haq. The APCC would recommend the PSDP-2012-13 for the approval of National Economic Council (NEC) to be chaired by the Prime Minister Syed Yusuf Raza Gilani.
