ISLAMABAD, (MILLAT ONLINE/APP): The government has so far released Rs
2,979 million for various projects of Finance Division out of its
total allocations of Rs 9,433 million earmarked under the Public
Sector Development Programme (PSDP) for the fiscal year 2016-17.
Out of the total funds released, Rs700 million have been
released for Gawadar Development Authority out of its total
allocations of Rs1000 million.
An amount of Rs 500 million has been released for Greater
Karachi Water Supply Scheme (K-IV) Karachi out of its total
allocations of Rs1000 million allocated in the federal PSDP.
The project is being executed on 50:50 cost sharing basis,
according to data of Ministry of Planning, Development and Reforms.
The government released Rs163 million for construction
of Flyover at Koyala Phattak, Samangli Road Quetta.
According to the data, the federal government provided an
amount of Rs280 million for Greater Karachi Sewerage out of its 33
percent expenditure share in the project.
The government released Rs160 million for Khyber Institute of
Child Health and Children Hospital (District Peshawar) out of its
total allocations of Rs 400 while Rs 100 million have been provided
for widening and carpeting of Booni-Buzand Torkhow Road Chitral out
of its total allocations of Rs250 for PSDP 2016-17.
The government has also released Rs 80 million for
construction of fish landing jetty and allied harbor facilities at
Pishukan Gwadar while an amount of Rs 80 million have been provided
for construction of fish landing jetty and allied harbor facilities
at Surbandar East Bay Gwadar.
The federal government would be sharing 80 percent cost of
both these projects, the official data revealed.
An amount of Rs58 million has been released for construction
of Eastern and expansion of Southern sewerage treatment plants under
Hyderabad package while Rs70 million have been provided for
construction and improvement of roads in urban areas of Hyderabad
district.
As many as Rs172 billion have been provided for Phase-II of
Debt for Education SWAP-II (German Assisted) while an amount of Rs59
have been released for capacity building of teachers training
institutions and training of elementary school teachers in Punjab.
The government also released Rs175 million for automation
project of Central Directorate of National Savings (CDNS), Islamabad
while Rs161 million have been released for Shaheed Benazir Bhutto
Mother and Child Healthcare Center, Nawabshah city.
An amount of Rs160 million have been released for Khyber
Institute of Child Health and Children Hospital, Peshawar while Rs41
million have been released for up-gradation and modernization of
Pakistan Mint Lahore.
It is pertinent to mention here that the government has so far
released about Rs549.979 billion for various ongoing and new
projects of all the ministries and divisions under PSDP 2016-17 out
of its total Rs800 billion allocations.
The Planning Commission of Pakistan has been following a
proper mechanism for the release of funds and accordingly funds are
released as per given mechanism.
The commission releases 20% of funds in first quarter (July-
September), 20% in second quarter (October-December), 30% third
quarter(January-March) and 30% in fourth quarter (April-June).