Release of Rs257.17 bn approved by the Federal Government

ISLAMABAD: The Federal Government has released Rs257.17 billion including Rs53.62 billion foreign aid for various ongoing and new development projects under the Public Sector Development Programme (PSDP) 2019-20 against the total budgeted allocation of Rs701 billion.

invest with imarat

Islamabad’s emerging city centre

Learn More

According to latest data of PSDP 2019-20 released by the Ministry of Planning, Development and Reforms, the government released Rs113.95 billion including Rs7.88 billion foreign aid for department projects under various ministries, divisions and related departments out of Rs303.66 billion budgeted allocation.

Rs80.029 billion was released by the government for development projects of National Highway Authority (NHA) out of Rs154.966 billion budgeted allocation, and Rs26.78 billion have been released for Security Enhancement against Rs32.5 billion budgeted allocation.

Various other development projects of government departments have also been given funds under the PSDP 2019-20. The funds are released as per quarterly ceilings; first quarter (July-September) 20%, second quarter (October-December) 20%, third quarter (January-March) 30 %, and fourth quarter (April-June) 30 %.

For more news and blogs, visit blog.graana.com

Maham Tahir

Recent Posts

Shingrai Waterfall: Your Ultimate Adventure Destination

Swat, famously known as the "Switzerland of Pakistan," is a land of mesmerizing beauty. It is…

2 days ago

Top 5 Reasons Why Millennials Are Investing in Real Estate

Millennials, often referred to as the “financially cautious generation,” are reshaping the investment landscape. Known…

3 days ago

IMARAT Group’s First Restaurant, Graanic Launches Organic Dining Experience at Mall of IMARAT

Graanic, Pakistan's premier organic food brand, has officially launched its new restaurant at Mall of…

3 days ago

Madyan Swat: The Ultimate Travel Guide

If you’re looking for a destination that combines breathtaking views, a peaceful ambiance, and unforgettable…

3 days ago

Real Estate Wealth Management: Trends and Insights for 2025

The real estate sector in Pakistan is undergoing significant transformations, and wealth management strategies are…

4 days ago

Federal Government’s Rental Rate Increase Hits Commercial Properties Nationwide

December 19, 2024— In a significant move, the federal government has announced an increase in…

4 days ago