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Friday, December 13, 2024

Home Business Govt releases Rs 4.21b for IT project in 5 months

Govt releases Rs 4.21b for IT project in 5 months

by News desk
December 31, 2022
in Business

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The government has released funds amounting to Rs 4.21 billion to execute Information Technology related projects during the first five months of the current fiscal year under the Public Sector Development Programme (PSDP 2022-23).

According to official data available with APP, the government has authorized the utilization of development funds amounting to Rs 4,211.21 million out of a total allocation of 5,731.70 million for various ongoing and new projects of the Ministry of Information Technology and Telecommunication.

Out of the total authorized/disbursed amount, the total amount spent on the development projects during the corresponding period (July-November) stood at Rs 3,579.25 million.—APP