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Daily Times
July 29, 2021
The ministry of information technology and telecom would execute 17 new schemes amounting to Rs7,050 million during the current fiscal year.
For new schemes, the government has allocated Rs400 million in the Public Sector Development Programme (PSDP 2021-22) for the establishment of an IT park in Karachi, Rs365.528 million for hybrid power solution solarisation for remote sites in AJK, Rs365.528 million for hybrid power solution solarisation for remote sites in Gilgit Baltistan, Rs160 million for national centers of research innovation and entrepreneurship in AAI and allied technologies (NCRIE-AI) feasibility study and Rs100 million for raising smart capital through the private trading market at PSK (PSEB). While for the ongoing schemes, Rs955 million were allocated for blended virtual education, Rs312 million for the establishment of Sino-Pak center for artificial intelligence, Rs616 million for expansion of cellular services in AJK-GB, and Rs500 million
July 28, 2021
ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar said on Tuesday the total spending under Public Sector Development Programme (PSDP) in the year 2020-21 exceeded the target set for the corresponding year by Rs9 billion to Rs659 billion, which was the highest development funds utilisation since 2011-12.
“Total PSDP spending in 2020-21 was Rs 659 billion vs a target of Rs650 billion or 101.4 per cent,” he tweeted. “In a year of Covid restrictions, this exceptionally high development spending reflects the resolve of Prime Minister Imran Khan to accelerate growth,” he added.
According to data released by the Planning Commission, the released funds included Rs425.7 billion for federal ministries, Rs166.68 billion for corporations, Rs37.06 billion for special areas, and Rs1.5 billion for the Earthquake Reconstruction and Rehabilitation Authority (ERRA).
In this file photo, Federal Planning and Development Minister Asad Umar speaks to the media during a press conference in Islamabad. AFP/File
KARACHI: Federal development spending in 2020-21 nominally exceeded its target of Rs650 billion, marking the highest development fund utilisation since 2011-12.
Minister for Planning and Development Asad Umar tweeted on Tuesday that spending under the Public Sector Development Programme (PSDP) in the last financial year remained Rs659bn or 101.4 per cent of the annual target.
“In a year of Covid restrictions, this exceptionally high development spending reflects (the) resolve of PMIK to accelerate growth,” he wrote on the social media website.
Govt fails to fully utilise rupee component of PSDP
July 27, 2021
ISLAMABAD: The government has failed to fully utilise the rupee component of its Public Sector Development Programme (PSDP), and its consumption of the funds stood at Rs551.4 billion against an allocated amount of Rs577 billion during fiscal year 2020-21.
Different ministries/divisions and attached departments could not use the whole allocation, and fell short of Rs26.4 billion. This was compensated by foreign aid, as Islamabad received a larger amount. Therefore, the foreign aid was utilised more in order to show utilisation of funds to the tune of Rs650 billion for the last financial year. The utilisation of the whole PSDP amount stood at Rs651.4 billion during fiscal year 2020-21, against allocated funds of Rs650 billion.