ISLAMABAD: More than two billion rupees have been suggested for defence projects under the Public Sector Development Programme (2022-23) against the allocated funds of around Rs1.8 billion, as Pakistan unveils its budget in the lower house of parliament on Friday.
“As many as 407 million has been allocated for the new defence-related projects,” said the document issued by the planning ministry.
The focus of the development sector programme is “the revival” of the China-Pakistan Economic Corridor and related projects for inter-provincial and regional connectivity with equal importance to special economic zones to promote trade and create job opportunities.
“For conservation and augmentation of water resources, the allocation has been prioritized for large dams like Diamer Bhasha, Mohmand, Nai Gaj and fifth extension of Tarbella,” it said.
Salient features
The government has planned to undertake some new initiatives under the PSDP 2022-23 to boost productivity. “A special development initiative for ‘20 Poorest Districts in Pakistan’ is being launched to meet the SDGs targets,” it said.