Planning Commission releases Rs 88.8b for PSDP | Pakistan Today

Planning Commission releases Rs 88.8b for PSDP

The Planning Commission of Pakistan released Rs 88.8 billion under its Public Sector Development Programme (PSDP) against the total allocations of Rs 233 billion for the fiscal year 2012-13.
Out of the total Rs 51.5 billion had been released for 344 infrastructure development projects while Rs 34.5 billion had been set aside for 673 social sector projects, according to the latest data of the Planning Commission.
Similarly, Rs 0.8 billion had been released for 68 other projects and Rs 2 billion for Earthquake Reconstruction and Rehabilitation Authority (ERRA).
According to the data, these releases had been made against Rs 233 PSDP allocations up to November 8.
The total size of the PSDP for the year 2012-13 was Rs 360, including Rs 100 billion foreign aid, which was managed by the Economic Affairs Division and Rs 27 billion special programmes, release of which were made by the Cabinet Division or Finance Division.
According to break up details the total cost of 344 infrastructure projects had been estimated at Rs 2346.4 billion, out of which Rs 210.9 billion had been earmarked in the 2012-13 budget that included Rs 85.6 as foreign aid.
The total cost of social sector projects was Rs 547.1 billion, of which Rs 136.2 billion had been allocated in the current PSDP with foreign aid of Rs 8.4 percent.
The cost of other projects had been estimated at Rs 40.6 billion, out of which Rs 3 billion had been earmarked in the PSDP 2012-13 while Rs 10 billion had been earmarked for ERRA in the current development programme.
The Planning Commission of Pakistan had been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism.



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