PM approves PSDP funds for power plants

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ISLAMABAD: 

Prime Minister Nawaz Sharif approved allocation of unused Public Sector Development Programme (PSDP) funds for three power plants that will add 500MW electricity to national grid next year, as per sources.

The funds under the federal PSDP for the fiscal year 2014-2015 are set to lapse after June 30.

According to sources, the prime minister directed the authorities concerned to utilise unused development funds for power generation a day after the Public Affairs Unit (PAU), led by Capt (retd) Muhammad Safdar and Finance Minister Senator Ishaq Dar, briefed him that Rs32.5 billion — out of the total allocated PSDP for fiscal year 2014-2015 — could not be utilised.

 

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