ISLAMABAD: The government has so far released Rs. 155.996 billion under its Public Sector Development Programme (PSDP) for various projects against the total allocations of Rs. 540 billion for the fiscal year 2013-14.

According to latest data of Ministry of Planning and Development, out of these allocations, Rs. 25,862 million have been released for various projects of Pakistan Energy Commission, out of its total allocations of Rs. 52,300 million earmarked under PSDP for FY2013-14.

Similarly, a sum of Rs. 19614.901 million has been released to National Highway Authority out of total allocation of Rs. 63,038.619 million for the current fiscal year.

Out of the total funds of Rs. 25,739.199 million allocated for the National Health Service Regulations and Coordination Division for the current year, the Planning Commission released Rs. 10,504.797 million so far.

The Commission also released Rs. 11,129.858 million for Railway Division out of its total allocations of Rs. 30,964.894 million whereas Rs.306 million have been released for National food Security and Research Division out of its total allocations of Rs. 750 million for the year.

Rs. 7,396 million have been released for Higher Education Commission out of its total allocation of Rs. 18,490 million for the year 2013-14 whereas out of total allocations of Rs. 2,363.974 million earmarked for Law, Justice and Parliamentary Affairs Division, Rs.740.538 million have been released so far.

According to the data, the commission released Rs. 30,673.170 million for WAPDA (Power) out of its total allocations of Rs. 51,543.425 million whereas Rs. 16016.505 million have been provided to WAPDA (Water Sector) out of its total allocations of Rs. 57,840.211 million.

Meanwhile, Rs.4,462 million have been released for Earthquake Reconstruction and Rehabilitation Authority (ERRA) out of its total allocations of Rs.10,000 million for the current year.

The commission also released Rs.895.613 million for cabinet division, Rs.17.913 for Climate Change Division and Rs.316.4 million for Commerce Division.

In addition, Rs. 179.526 million have been released for Education and Training Division, Rs.2,508.718 million for Finance Division, Rs.281.439 million for Industries Division, Rs. 2,441.284 million for Interior Division and Rs.68.694 for Narcotics Control Division.

The Commission, released Rs.20 million for Petroleum and Natural Resources Division, Rs. 157.710 for Planning and Development Division, Rs.868.042 million for Science and Technology Research Division, Rs.77.864 for SUPARCO and Rs. 126 million for Textile Industry Division.

Rs.5,360.800 million have been released for AJK (Block and other projects), Rs. 4,456.200 million for Gilgit Baltistan (Block and other projects) where as Rs. 8,571 million have been released for SAFRON/FATA.

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 percent of funds in first quarter (July-September), 20 percent in second quarter (October-December), 30 percent third quarter(January-March) and 30 percent in fourth quarter (April-June).

Source: APP