Govt will allocate Rs2021b for projects under PSDP: Asad

43
Staff Reporter
Islamabad

Planning Minister Asad Umar said the government will allocate 2021 billion rupees for projects under Public Sector Development Program with increase of 36.1 percent for coming fiscal year 2021-22.

Addressing a press conference in Islamabad this afternoon, he said the allocation will be for 40 percent for energy, transport and communication, 10 percent for water projects, 31 percent for social and regional equalization, 5 percent for production, science and Technology and 7 percent for Viability Gap Funding.

He said 244 billion rupees are being allocated for infrastructure motorways, highways, interprovincial roads, airport and Railways projects. He said that 3261 kilometers length of new roads will be added to the network.

He said 14 high-impact public-private partnership based projects worth 978 billion rupees are expected to be completed till October this year.

He said the government is giving special attention to improve agricultural and industrial productions which are very imperative for economic improvement.

He said that investment has been made on building large dams and water conservation system as per commitment under National Water Policy.

Asad Umar said that 84.5 billion rupees will be allocated for construction of Diamer-Bhasha, Mohmand and Dasu Dams.

He said that 100 billion rupee will be allocated for de-bottlenecking and up gradation of transmission system of energy sector in the country.

The Minister said that the government is also fusing allocation in social sector. He said 44 billion rupees will be allocated for Higher Education and 105 universities to be benefited from 120 projects, while 5 billion will be provided for 6000 scholarships under Scholarship Scheme.

He said Special packages are being provided under PSDP for Southern Balochistan, Karachi Transformation Plan, Socio-Economic Development of Gilgit Baltistan, Sindh Development Plan for 14 plus priority districts and enhanced allocation for newly merged districts erstwhile FATA.

Reacting on presser of CM Sindh, Asad Umar said that 125 billion rupees will be provided to Sindh under different programs.

Giving detail about projects of China Pakistan Economic Corridor, he said that 87 billion rupees will be allocated for these projects including 78 billion rupees for CPEC Transport and Communication projects, 42 billion for Projects of Western Alignment and 7 billion for Special Economic Zones.

Previous articleImarat Group inks MoU with Principal Builders for construction of Imarat’s project
Next articlePakistan, Canada economic relations to be reinforced: Rathore