Rs297bn released for development projects

ISLAMABAD: The federal government has authorised the release of Rs297.643 billion for ongoing and new uplift projects under the Public Sector Development Programme (PSDP) 2019-20 against the total allocation of Rs701 billion.

invest with imarat

Islamabad’s emerging city centre

Learn More

According to the latest data released by the Ministry of Planning, Development and Reform, Rs135.113 billion for federal ministries, Rs100.56 billion for corporations and Rs21.52 billion for special areas have been released, respectively.

The government has apportioned Rs26.78 billion for security enhancement in the country out of the total allocation of Rs32.5 billion for the year 2019-20.

Rs12 billion have been allocated for the development of the merged areas of the former Federally Administered Tribal Areas (FATA) under the government’s 10-year development programme.

The Higher Education Commission (HEC) has received an amount of Rs12.1 billion against the total allocation of Rs29 billion.

Pakistan Nuclear Energy Authority has been authorised an amount of Rs150.73 billion out of the total allocation of Rs301.48 billion.

The government has also released Rs93.57 billion for the National Highway Authority (NHA) against the total allocation of Rs154.96 billion.

Out of the total allocated Rs16 billion, the Railways Division has been provided with Rs6.4 billion for the current fiscal year.

The Cabinet Division has received Rs19.3 billion against the total allocated amount of Rs39.986 billion for the year 2019-20.

The government also released Rs12.75 billion for Azad Jammu and Kashmir out of the allocated Rs27.26 billion, and Rs8.7 billion for development projects in Gilgit Baltistan have also been released.

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

Maham Tahir

Recent Posts

Rome’s Affordable Real Estate Draws Increasing Investor Interest

As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…

1 day ago

Dubai’s Second Tallest Tower Burj Azizi Shatters Records with Global Luxury Sales Launch

Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…

4 days ago

Real Estate Set to Surge as Government Plans to Scrap FED on Property Deals

The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…

5 days ago

Egypt Launches MLS-Powered Real Estate Platform for Transparency & Investment

Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…

5 days ago

CDA to Hold Open Auction for Commercial Plots in Islamabad from February 25

The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…

5 days ago

Islamabad’s Three Day Spring Festival Set to Wow Visitors with Cultural Showcase

The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…

6 days ago