Friday, May 13, 2011
ISLAMABAD: The government released Rs131 billion development funds in the first ten months (July-April) of the current fiscal year against the revised allocation of Rs150 billion.
The Planning Commission hopes that the entire released amount will be utilised by the end of June.
A working paper for Annual Plan Coordination Committee (APCC), which is going to meet on Friday for recommending Rs365 billion as federal share of Public Sector Development Programme (PSDP) for the next budget, states that since the allocation of ministries/divisions was reduced in certain cases by 70 percent, it was expected that the entire released amount would be utilised by them