Staff Reporter Peshawar
There has been remarkable improvement in the utilization of development fund in Khyber Pakhtunkhwa owing to the incumbent provincial government’s decision to release cent percent developmental funds in the very beginning of financial year.
During the first quarter of the current financial year, the overall ratio of utilization of developmental funds has been 38 percent against the released funds.
There has been 425 percent increase in the utilization of developmental funds during the first quarter of the current financial year as compared to that of the last financial year.
This was told in the first quarter review meeting of provincial ADP 2021-22 held here on Tuesday with Chief Minister Khyber Pakhtunkhwa Mahmood Khan in the chair.
Provincial Cabinet Member Shahram Khan Tarakai, Taimur Salim Jhagra, Riaz Khan, Additional Chief Secretary Shahab Ali Shah, Senior Member Board of Revenue Syed Zafar Ali Shah, Principal Secretary to CM Amjad Ali Khan, Administrative Secretaries of the provincial Departments and other relevant quarters attended the meeting.
The meeting was given a detail briefing on the overall situation of allocation, release and utilization of funds during the first quarter of the current financial year.
The meeting was informed that a total of 2280 projects having a total cost of 1713 billion rupees had been reflected in the ADP of the current financial year with an allocation of Rs. 210 billion.
It was further informed that 219 High Priority Projects worth Rs. 331 billion have been identified out of the total developmental portfolio which would be completed during the next two years adding that a total fund of Rs. 73 billion have been allocated for the timely completion of these High Priority Projects, whereas utilization of funds against the High Priority Projects remained 42 percent during the first quarter.
Regarding the approval status of new projects, the forum was informed that out of the 458 new projects, 153 projects have been approved by the relevant forums.
It was told that so far 1439 monitoring reports had been generated on developmental projects during the current financial year, and feedbacks on 1090 of them had been received from the concerned departments.
With regard to the Due for Completion (DFC) projects it was apprised that 670 projects worth Rs. 170 billion were near completion for which a total fund of Rs. 60 billion have been allocated in the current budget.
