Ministries, divisions utilise only 34pc PSDP funds in 8 months.

Islamabad -- Owing to slow pace of development activities, the ministries/ divisions have utilised only 34 percent of the total Public sector development Programme (PsdP) funds during the first eight months of the ongoing fiscal year. The utilisation of some of the important ministries/ divisions is around five to six percent during July to February period of the Fiscal Year 2022-23, official data reveals.

The Planning Commission has issued authorisation for the release/ disbursement of Rs399.682 billion PsdP funds, including rupee component of Rs328.566 billion and foreign exchange component of Rs71.116 billion, from July to February of the Fiscal Year 2022-23, the data maintained.

The total PsdP allocation for the FY 2022-23 was Rs727 billion which includes Rs667 billion of rupee component and Rs60 billion of foreign exchange component. Interestingly, the authorisation of FEC was Rs11 billion higher than the allocated Rs60 billion, while the rupee component of the releases was Rs328.566 billion. Of the total allocations of Rs 566.002 billion for the federal ministries/ divisions in the PsdP 2022-23, an amount of Rs299.883 billion has been released during the first eight months; however, the utilisation was merely Rs172.946 billion, which was only 30 percent of the allocated amount, the data reveals.

The utilisation of National Health services, Regulations and Coordination Division was approximately five percent of the allocated amount of Rs12.651 billion. Finance Division utilised five percent or Rs87 million of the allocated Rs1.660 billion in the PsdP. The utilisation of the Climate...