Textile industry given Rs 158.9m

The government has so far released Rs158.900 million for five major projects of the Textile Industry Division under its Public Sector Development Programme (PSDP), official sources said Friday.
The total cost of all these projects has been estimated at Rs.2081.440, out of which Rs227 million would be released during the ongoing year (2012-13). Giving break up, the source said that an amount of Rs64.400 million has been released for the Faisalabad Garment City Project and Rs62.300 million for Lahore Garment City Company.
The actual cost of Faisalabad Garment City project and Lahore Garment City Company has been projected at Rs498.8 million and 586.8 million respectively, of which Rs92 million and 89 million would be released during the current fiscal year.
The government also released Rs14.700 million for Pak-Korean Garments Technology Training Institute, Karachi the source said adding the total cost of this project is Rs300 million, out of which Rs.21 million would be released this year.
Similarly, out of Rs15 million funds allocated for Extension in Export Development Plan Implementation Unit during current year, the government released Rs10.5 million so far. The total cost of this project is 59.2 million.
The government also released 7 million for Providing and Laying of Dedicated 48 inch Diameter mild Steel Water Pipeline for Textile City Karachi.
The total cost of this project is Rs636.6 million, of which Rs10 million have been earmarked in fiscal year 2012-13, the sources added.
The sources said that the Planning Commission of Pakistan has so far released Rs170.3 billion for all development projects under the Public Sector Development Programme (PSDP) against the total allocations of Rs233 billion for the fiscal year 2012-13.
An amount of Rs86.2 billion has been released for 347 infrastructure development projects and Rs78.2 billion for 715 social sector projects.
Similarly, Rs1.9 billion has been released for 77 other projects and Rs4 billion for the Earthquake Reconstruction and Rehabilitation Authority (ERRA).
The total size of the PSDP for the year 2012-13 is Rs360 billion, including Rs100 billion foreign aid component, which is managed by the Economic Affairs Division and Rs27 billion special programmes, release of which are made by the Cabinet Division or the Finance Division.