Rs87.3 billion released under PSDP in four months

[A.Rafay]

ISLAMABAD - The Planning Commission of Pakistan has so far released Rs 87.3 billion under its Public Sector Development Programme (PSDP) against the total allocations of Rs.233 billion for the fiscal year 2012-13.
Until now, Rs 51.5 billion had been released for 344 infrastructure development projects while Rs 33 billion had been earmarked for 673 social sector projects, according to the latest data of the planning commission. Similarly, Rs 8 billion had been released for 68 other projects and Rs 2 billion for Earthquake Reconstruction and Rehabilitation Authority (ERRA). According to the available data, these releases had been made against Rs 233 PSDP allocations. It is important to mention here that the total size of the PSDP for the year 2012-13 had been set at Rs.360 billion including Rs.100 billion foreign aid which was managed by the Economic Affairs Division and Rs.27 billion for special programs, release of which was made either by the Cabinet Division or the Finance Division.

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