Planning Commission so far releases Rs101.1 billion


The Planning Commission of Pakistan has so far released Rs101.1 billion under its Public Sector Development Programme (PSDP) against the total allocations of Rs233 billion for the on going financial year 2012-13.
Out of total Rs. 55.7 billion have been released for 345 infrastructure development projects while Rs42.3 billion for 688 social sector projects.
Similarly, Rs1.1 billion have been released for 68 other projects and Rs2 billion for Earthquake Reconstruction and Rehabilitation Authority (ERRA).
According to data, these releases have been made against Rs233 PSDP allocations.
It is pertinent to mention here that the total size of the PSDP for the current financial year 2012-13 is Rs. 360 billion, including Rs. 100 billion foreign aid, which is managed by Economic Affairs Division and Rs. 27 billion special programmes, release of which are made by Cabinet Division or Finance Division.
According to Planning Commission, it has been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism.