Rs731mn released for Industries Division projects under PSDP

ISLAMABAD: The Ministry of Planning Development and Reforms has authorised the release of Rs731.963 million to fund various uplift projects of Industries and Production Division under the Public Sector Development Programme (PSDP) against the total allocation of Rs2.343 billion for the current fiscal year.

invest with imarat

Islamabad’s emerging city centre

Learn More

According to the data released by the Planning Commission of Pakistan, funds amounting to Rs110.871 million have been released for the establishment of Bostan Industrial Estate (phase-I) against the total allocation of Rs110.871 million. Rs100 million has been released for the establishment of a product development centre for composite-based goods, Sialkot.

The government has also authorised the release of Rs50 million for industrial designing and automation centre Punjab, KP, Sindh and Balochistan. Rs30 million have been released for footwear cluster development through Computer-Aided Design (CAD), Computer-Aided Manufacturing (CAM) and Computer Numerical Control (CNC) machining, Lahore and Rs29.890 million for SME business facilitation centre, Multan.

Rs15 million has also been released for business skill development centre for women at Dera Ismail Khan.

For more news and blogs, visit 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…

3 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…

3 days ago