HEC given top priority as govt issues Rs129 billion for projects under PSDP

Islamabad: Water Resource Division and Higher Education Commission (HEC) have been given top priority as government released funds amounting to Rs 129 billion for projects under Public Sector Development Programme (PSDP).

Ministry of Planning releases Rs 129 billion for development projects under #PSDP despite financial constraints and disruptions caused by super floods last year. The #Water Resource Division and #HigherEducation Commission have been given top priority. pic.twitter.com/0vOUWYsorl

— Ministry of Planning and Development (@PlanComPakistan) April 16, 2023

Ministry of Planning, Development and Special Initiatives released funds for fourth quarter of current fiscal year. No funds were issued in last quarter of previous fiscal year (2021-22), which resulted in government shrinking PSDP from Rs 700 billion to Rs 550 billion. According to latest data provided by Planning Ministry, Rs 27 billion has been allocated for Azad Jammu and Kashmir, Gilgit Baltistan and ex-Fata districts for development projects under PSDP. An amount of Rs 30 billion was released to Power Division to speed up projects like Diamer-Bhasha Dam, Mohmand Dam, Kachi Canal, Nai Gaj Dam, while Rs 22 billion was released for Ministry of Communication to expedite projects like Khuzdar-Kuchlak Road, dualisation and improvement of old Bannu Road.

Published in The Daily National Courier, April, 17 2023

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