Authorisation of funds for development projects accelerated

ISLAMABAD: A total of Rs257.17 billion have been authorised by the Planning Commission for development projects in the first four months of the current fiscal year – a major improvement as compared to the Rs106 billion disbursed for the same period last year.

The authorised release of funds amounts to almost 37% of the whole year’s allocation of Rs701 billion, as per the data made available by the Commission.

The disbursements this year are within touching distance of the 40% target for the first quarter, which is a first in recent history when it comes to release of funds in the first four months under public sector development programme.

However, no funds were made available to the special development programme, for which Rs32.5billion have been allocated for the current year.

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