Only 29pc of PSDP funds utilised in 1st half of fiscal year
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January 18, 2021
ISLAMABAD: Despite tall claims about revival of the national economy, the government has, so far, utilised only Rs168 billion, or 29 per cent of the total allocated amount of Rs577 billion, for the Public Sector Development Programme (PSDP) during the current fiscal year.
The utilisation of the development funds has been dismally slow in the first half (July-Dec) period of the fiscal year 2020-21, as bureaucrats are not ready to sanction official files because of a variety of reasons.
Another reason hampering development funding is the falling axe on utilisation of funds keeping in view fiscal constraints under the $6 billion IMF programme.
ISLAMABAD: Despite tall claims about revival of the national economy, the government has, so far, utilised only Rs168 billion, or 29 per cent of the total allocated amount of Rs577 billion, for the.
Rs299.7 billion released for social sector uplift projects
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The total PSDP allocation for ERRA for the year 2020-21 is Rs1.5 billion.
ISLAMABAD (Dunya News) – The Federal Government has released Rs 299.7 billion for various ongoing and new social sector uplift projects till date under its Public Sector Development Programme (PSDP) 2020-21.
The released funds include Rs198.344 billion for federal ministries, Rs76.46 billion for corporations, Rs24.15 billion for special areas, and Rs750 million for the Earthquake Reconstruction and Rehabilitation Authority (ERRA), according to the latest data released by the Ministry of Planning, Development and Reform.
The total PSDP allocation for ERRA for the year 2020-21 is Rs1.5 billion. Similarly, Rs. 53.4 billion out of PSDP allocation of Rs. 118.67 billion has been released for the National Highway Authority, Rs. 23 billion out of Rs. 158.3 billion for the National Transmission and Dispatch Company (NTDC), and Rs. 43.2 bi