ISLAMABAD – The Planning Commission of Pakistan has so far released Rs71.6 billion under its Public Sector Development Programme (PSDP) against the total allocations of Rs.233 billion for the fiscal year 2012-13.

Out of the total Rs. 38.5 billion have been released for 344 infrastructure development projects while Rs. 31.6 billion for 672 social  sector projects, according to the latest data of the Planning Commission. Similarly, Rs. 0.8 billion have been released for 68 other projects and Rs. 0.8 for Earthquake Reconstruction and Rehabilitation Authority (ERRA). According elease of which are made by Cabinet Division or Finance Division.

According to break up details total cost of 344 infrastructure projects has been estimated at Rs. 2346.4 billion, out of which Rs.204.9 have been earmarked in the 2012-13 budget that include Rs.85.6 as foreign aid.  Likewise, the total cost of social sector projects is Rs.546.8, of which Rs.143.2 billion have been allocated in the current PSDP with foreign aid of Rs.8.4 per cent.

The cost of other projects has been estimated at Rs.40.6 billion out  of which Rs.3 billion have been earmarked in the PSDP 2012-13 while Rs.10 billion have been earmarked for ERRA in the current development programme. The Planning Commission of Pakistan has been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism.

The Commission releases 20% of funds in Q1 (July-Sept), 20% in second quarter (Oct-Dec), 25% third quarter (Jan- March) and 35% in 4th quarter (April-June).