Govt releases Rs 50b for development projects

[A.Rafay]

ISLAMABAD - The government has released Rs. 50 billion for completing the social sector developmental projects under its Public Sector Development Program (PSDP) for the year 2012-13.According the figures of the Planning Commission of Pakistan, the funds were released for different projects involving infrastructure, social sector development, Earthquake Reconstruction and Rehabilitation Authority (ERRA) and others.
The amount had been released for 1,083 developmental projects including 344 projects falling in infrastructure, 671 of social sector development and 68 other projects of human welfare in the country.
The amount was released against the total allocated funds of Rs. 233 billion under the annual PSDP 2012-13 as against the total PSDP of Rs. 360 billion including Rs. 100 billion foreign aid and Rs. 27 billion special program.
Up until 14th September 2012 the government had released Rs. 29 billion for the infrastructure development projects as against the total allocation of Rs. 203 billion for the year 2012-13. A sum of Rs. 19.2 billion was released during the period under the review for 671 projects of social sector development as compared to the total allocated amount of Rs. 143 billion under PSDP 2012-13.
By the month of September, Rs. 0.6 billion were released for the other projects against the total allocations of Rs. 3.0 billion, while Rs. 0.8 billion were released for ERRA against Rs. 10 billion allocated for the year 2012-13.

 

[A.Rafay]

Govt releases Rs 50b for development projects | Pakistan Today | Latest news | Breaking news | Pakistan News | World news | Business | Sport and Multimedia

 

[Parul]

Election Politics at the best!!! These politicians wake up just before election time.....

 

[anilindia]

I think pakistan should not waste money in these developments project, instead they should buys tanks and fighter planes, missiles .......

 

[A.Rafay]

I think pakistan should not waste money in these developments project, instead they should buys tanks and fighter planes, missiles .......

Seriously! Keep that advice at home.
Trolling aT ITS BEST!

 

[veekysingh]

election time , start showing dreams to awam

 

[SamranAli]

Seriously! Keep that advice at home.
Trolling aT ITS BEST!

Let MODS deal with him

 

[[--Leo--]]

development project is start that means currption started

 

[Bobby]

Some good news for Pakistan.....

 

[karan21]

I have a question who develops all these projects in Pakistan especially in Lahore and Punjab? Who in Pakistan builds roads and highways and also power plants??? In India all this is done by provate industry, govt is slowly being kicked out of development. Thas why things are now happening more quckly and with high quality. Why Pak doesn't do something similiar, if they think their govt is soo dam corrupt.

 

[Badeekh]

I think pakistan should not waste money in these developments project, instead they should buys tanks and fighter planes, missiles .......

well.......good suggestion......but one confusion..........should we adopt GOI model in this plan?

 

[Badeekh]

I have a question who develops all these projects in Pakistan especially in Lahore and Punjab? Who in Pakistan builds roads and highways and also power plants??? In India all this is done by provate industry, govt is slowly being kicked out of development. Thas why things are now happening more quckly and with high quality. Why Pak doesn't do something similiar, if they think their govt is soo dam corrupt.

Hmmm.....well bulk of the task is accomplished by NLC (National Logistic Cell) and FWO (Frontier Work Organization, under military non combatant staff control) & some private industry is involved too, but corruption is there in the granting the funds, private level built infrastructure etc.........

Corruption in releasing the funds seems like termite for both Pakistan & India.

 

[Nishan_101]

ISLAMABAD - The government has released Rs. 50 billion for completing the social sector developmental projects under its Public Sector Development Program (PSDP) for the year 2012-13.According the figures of the Planning Commission of Pakistan, the funds were released for different projects involving infrastructure, social sector development, Earthquake Reconstruction and Rehabilitation Authority (ERRA) and others.
The amount had been released for 1,083 developmental projects including 344 projects falling in infrastructure, 671 of social sector development and 68 other projects of human welfare in the country.
The amount was released against the total allocated funds of Rs. 233 billion under the annual PSDP 2012-13 as against the total PSDP of Rs. 360 billion including Rs. 100 billion foreign aid and Rs. 27 billion special program.
Up until 14th September 2012 the government had released Rs. 29 billion for the infrastructure development projects as against the total allocation of Rs. 203 billion for the year 2012-13. A sum of Rs. 19.2 billion was released during the period under the review for 671 projects of social sector development as compared to the total allocated amount of Rs. 143 billion under PSDP 2012-13.
By the month of September, Rs. 0.6 billion were released for the other projects against the total allocations of Rs. 3.0 billion, while Rs. 0.8 billion were released for ERRA against Rs. 10 billion allocated for the year 2012-13.

I wish that this money would be put in upgradation of the current dams. Ameen.