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Over Rs373.91 billion spent under PSDP in FY22-23

ISLAMABAD: According to a document provided by the Ministry of Planning, Development, and Special Initiatives, the federal government released approximately Rs609 billion, of which Rs373.91 billion was spent under the Public Sector Development Programme (PSDP)

during the first ten months of the current fiscal year.

The document further indicated that about Rs85.29 billion was spent on PSDP development projects for the National Transmission and Dispatch Company (NTDC) and PEPCO.

During the first ten months of the fiscal year, Rs59.97 billion was spent on water-related development projects, while Rs56 billion was spent on Cabinet Division development projects.

Under PSDP, Rs41.49 billion was spent on the development of the amalgamated tribal districts of KP, while Rs24.43 billion was spent on High Education Commission (HEC) development projects.

The PML-N administration trimmed the Public Sector Development Programme (PSDP) by Rs79 billion on Saturday, bringing the total budgeted allocation for the fiscal year to Rs566.85 billion, citing fiscal difficulties.

Previously, the Central Development Working Party (CDWP) approved 15 development projects totaling Rs 249.21 billion during a meeting presided over by Federal Minister for Planning, Development, and Special Initiatives Professor Ahsan Iqbal.

According to the state news agency, the conference evaluated 15 projects connected to the Ministries of Housing and Works, National Health Services Regulations and Coordination, Communication, Power Division, and Railways.

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