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Wednesday, November 27, 2024

Home Business Federal govt disburses dev funds of Rs 658b in FY2020-21

Federal govt disburses dev funds of Rs 658b in FY2020-21

by News desk
July 16, 2021
in Business

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Islamabad

The Federal Government has released Rs658.5 billion out of total allocation of Rs650 billion for various ongoing and new social sector uplift projects in the fiscal year 2020-21 under its Public Sector Development Programme.

The released funds include Rs425.7 billion for federal ministries, Rs166.68 billion for corporations, Rs37.06 billion for special areas, and Rs1.5 billion for the Earthquake Reconstruction and Rehabilitation Authority (ERRA), according to the latest data released by the Ministry of Planning, Development and Reform.

Similarly, Rs115.4 billion out of PSDP allocation of Rs118.67 billion was released for the National Highway Authority.—APP