NA body recommends Rs25,626 mln PSDP proposals for Commerce, Textile Ministry

ISLAMABAD, Feb 9 (APP):The Standing Committee on Commerce and Textile Friday recommended Public Sector Development Programme (PSDP) proposals of Ministry of Commerce and Textile amounting to Rs.25,626.577 million for the financial year 2018-19.
According to press statement issued by the National Assembly Secretariat here, the the meeting of the committee was held under the chairmanship of MNA, Siraj Muhammad Khan.
The Committee was separately apprised about the proposed PSDP of Commerce and Textile Divisions, the statement added.
Additional Secretary, Commerce Division informed that the Division had proposed allocation of PSDP fund amounting to Rs.8550 million for financial year 2018-19 for seven projects.
The projects include establishment of new Exp-Centers at Islamabad, Quetta and Faisalabad, expansion or remodeling of Expo-Center at Karachi, provision hostel and transport facility to student at Pakistan Institute of Fashion and Design, Lahore and an ongoing project relating to Expo-Center at Peshawar.
Secretary Textile Division apprised the Committee about the proposed PSDP allocation for the project of Textile Division. He informed that Rs.11012.372 million had been proposed for 5 new projects whereas Rs.6064.205 had been proposed for 7 projects, which were being resubmitted for approval by the Planning and Development Division.
Apprising the Committee about the new projects, the Secretary said that the projects include establishment of National Textile University (NTU) Campus at Quetta, Garment City Project at Karachi, construction of new library at NTU campus at Faisalabad and implementation of system for standardization of high quality cotton.
He also apprised the committee the projects being resubmitted for approval related to PM Skill Development Program for Textile Industry and studies for climatic change, recycling of organic wastes, restoration of soil fertility and cost management in cotton production and marketing.
The Committee after thorough discussion recommended the entire proposed PSDP of the Ministry for inclusion in Budget for next financial year.
The Committee expressed satisfaction on the progress and implementation of its recommendations by the divisions concerned. The Committee directed Commerce Division to expedite the proposed amendment in Pakistan Tobacco Board Act which would ensure supply of registered and certified Tobacco seed to the growers.
Among others, the meeting was attended by Haji Muhammad Akram Ansari, Minister of State for Commerce and Textile, MNAs; Ch. Asad-ur-Rehman, Mrs. Seema Mohiuddin Jameeli, Ms. Tahira Aurangzeb, Ms. Zeb Jaffar, Dr. Shezra Mansab Ali Khan Kharral, Mr. Nazir Ahmed Bughio, Ms. Mussarat Ahmad Zeb, Ms. Sajida Begum, Dr. Fouzia Hameed, Mr. Sanjay Perwani, Secretaries Commerce and Textile Divisions and Senior Officers of the concerned departments.

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Reference: http://app.com.pk

NIP to develop SEZ in federal capital

ISLAMABAD, Feb 8 (APP):National Industrial Parks (NIP), a development and a management company, is all set to develop the planned Special Economic Zone (SEZ) in Islamabad, official sources said.
“We require around 50 acre land to develop Special Economic zones (SEZ) in the federal capital for providing equal opportunity and facilities to foreign and local investors,” Senior official of Board of Investment (BOI) told APP here on Thursday.
Replying to a question,he said the government was working on a plan for reconstruction and modernization of BOI for introducing the best international practices to provide conducive environment for investment.
According to plan, BOI wanted to hire experts to deal with different sectors including legal, export, investment, Special Economic Zones (SEZs) and marketing and branding experts to enhance the capacity and modernization of the institution, he said.
The official said said that experts for Special Economic Zones (SEZs) would be hired for initiating the projects to attract investment and provide conducive business environment.
Replying to another question, he said that Investment Facilities Center (IFCs) would also be established in Karachi, Lahore, Islamabad and Peshawar to provide modern facilities to investors.
SEZs investors would get the facility for plant and machinery import without customs duty in all four provinces of the country.
He said that all steps would be taken for the industrial growth in the country.
He suggested that Pakistani investors should go for joint ventures with foreign investors to learn the international best practices of managerial skills and technology.
He said that Special Economic Zones would lead to create employment opportunities and development in the area.
The government has identified 46 economic zones through out the country in different regions. Seven of the economic zones ahve been approved.
He said, “We are committed to facilitate the foreign investors in Special Economic Zones (SEZs).”

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Rs 357.5 bln released for development projects under PSDP 2017-18

ISLAMABAD, Jan 30 (APP):The government has released over Rs 357.5 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against the total allocations of Rs1,001 billion.

The released funds include Rs 104 billion for federal ministries and Rs 32.97 billion for special areas, according to data released by Ministry of Planning, Development and Reform on Tuesday.

Out of these allocations, the government has released Rs 116.39 billion for National Highway Authority for which Rs 326.25 billion have been allocated for the year 2017-18, whereas for WAPDA (Power) an amount of Rs 19.68 billion has been released out of total allocation of Rs 64.55 billion.

Similarly, Rs 5.276 billion have been released for Communication Division (other than National Highway Authority) for which the government has earmarked Rs 21.6 billion under PSDP 2017-18.

Railways Division received Rs 15.247 billion out of its total allocation of Rs 42.9 billion whereas Aviation Division received Rs 964.8 million out of its total allocation of Rs 4.348 billion.

The government also released an amount of Rs 11.628 billion for various development projects of Higher Education Commission out of total allocation of Rs 35.662 billion, while Rs 3.99 billion have been released for Atomic Energy Commission.

Water and Power Division (water sector) received Rs 11.85 billion out of its total allocation of Rs 36.75 billion under PSDP 2017-18. The government also released Rs 8.1 billion for National Health Services, Regulations and Coordination Division, for which an amount of Rs 48.701 billion have been allocated in the federal PSDP 2017-18 while Rs 201 million have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs 321.53 million.

An amount of Rs 10.02 billion have been released for Finance Division out of its total allocations of Rs 25.051 billion while

Rs 326 million have been released for Climate Change Division out of its total allocations of Rs 815 million for the current year.

Similarly an amount of Rs 8.97 billion have been released for Petroleum and Natural Resource

Division out of its allocations of Rs 12.4 billion, Rs 1.832 billion for Planning, Development and Reform

Division out of its allocations of Rs 10.4 billion whereas Rs 1 billion have been released for SUPARCO out of its allocations of Rs 3.5 billion.

Likewise, the government also released Rs 6.26 billion for Housing and Works division while Rs 80 million for Human Rights Division, and Rs 400 million for National Food Security and Research Division.

The government has also released Rs 14.7 billion for AJK (block and other projects) out of its allocations of Rs 25.844. billion, Rs7.7 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs 18.3 billion whereas Rs 10.5 billion have been released for SAFRON/FATA (Block and other projects) out of its total allocations of Rs 26.90 billion for the FY2018.

The government also released Rs 30 billion for Prime Minister’s Global SDGS Achievement Programme whereas Rs 3.15 billion have been released for ERRA out of its total allocations of Rs 7.5 billion.

An amount of Rs 9.199 billion have been released for Prime Minister’s Youth Hunarmand Programme out of its total allocations of Rs 20 billion, according to the data.

The Planning Commission of Pakistan has been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism. The commission releases 20% of funds in first quarter (July September), 20% in second quarter (October December), 25% third quarter (January March) and 35% in fourth quarter (April June).

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Reference: http://app.com.pk

Rs 70812 mn released for NHA under PSDP so far

ISLAMABAD, Jan 22 (APP):The government has released Rs70812.395 million for road infrastructure projects of the National Highway Authority (NHA) under the Public Sector Development Programme (PSDP) so far.

An official source told APP Monday that for Lahore Abdul Hakeem Motorway (M-3) Rs25,000 million have been released so far under PSDP. He said for Hakla-D I Khan Motorway, Rs10435.914 million had been released.For New Islamabad Airport Road link Rs1500 million have been released so far. For widening of Grand Trunk Road from Thokar Niaz Beg to Hudyiraa drain in Lahore Rs5000 million have been released so far,he said.

Rs14,250 million have been released for construction of Lahore-Sialkot Motorway. He said that for Lowari tunnel project Rs2218 million have been released under the PSDP. He said that for dualisation of 210 section of Yarik-Mughalkot-Zhob  highway, Rs800 million have been released. For improvement and widening of 167 km Jaglot-Skardu Road  Rs1914 million have been released so far. He said that for Lahore Eastern Bypass Rs3622 million have been released while for its land acquisition Rs200 million have been released separately.

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Reference: http://app.com.pk

Rs 330.992 bn released for development projects under PSDP 2017-18

ISLAMABAD, Jan 07 (APP):The government has released over Rs330.992 billion under its Public Sector Development Programme (PSDP)
2017-18 for various ongoing and new schemes against the total allocations of Rs1001 billion.
The released funds include Rs 85.27 billion for federal ministries and Rs 26.87 billion for special areas, according to data released by Ministry of Planning, Development and Reform.

Out of these allocations the government has released Rs116.39 billion for National Highway Authority for which Rs325.7 billion have been allocated for the year 2017-18, whereas for WAPDA (Power) an amount of Rs19.28 billion has been released out of total allocation of Rs63.28 billion.
Similarly Rs 5.276 billion have been released for Communication Division (other than National Highway Authority) for which the government has earmarked Rs13.66 billion under PSDP 2017-18.
Railways Division received Rs 15.243 billion out of its total allocation of Rs42.9 billion whereas Aviation
Division received Rs 964.8 million out of its total allocation of Rs4.348 billion.
The government also released an amount of Rs 11.628 billion for various development projects of Higher Education Commission out of total allocation of Rs 35.662 billion, while Rs 3.083 billion have been released for Atomic Energy Commission .
Water and Power Division (water sector) received Rs 10.64 billion out of its total allocation of Rs 36.75 billion under PSDP 2017-18.
The government also released Rs 8.06 billion for National Health Services, Regulations and Coordination Division, for which an amount of Rs 48.701 billion have been allocated in the federal PSDP 2017-18 while Rs 114.612 million have been released for Pakistan Nuclear Regulatory Authority out of its total allocations of Rs 409.553 million.
An amount of Rs 6.942 billion have been released for Finance Division out of its total allocations of Rs 20.143 billion while 326 million have been released for Climate Change Division out of its total allocations of Rs 815 million for the current year.
Similarly an amount of Rs 4.146 billion have been released for Petroleum and Natural Resource
Division out of its allocations of Rs 5.278 billion, Rs 1.732 billion for Planning, Development and Reform
Division out of its allocations of Rs 10.869 billion whereas Rs 1 billion have been released for SUPARCO
out of its allocations of Rs 3.5 billion.
Likewise, the government also released Rs 2.39 billion for Housing and Works division while Rs 61.25 million for Human Rights Division, and Rs 400 million for National Food Security and Research Division.
The government has also released Rs 8.615 billion for AJK (block and other projects) out of its allocations of Rs 25.844. billion, Rs7.7 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs 18.3 billion whereas Rs 10.5 billion have been released for SAFRON/FATA (Block and other projects) out of its total allocations of Rs 26.90 billion for the FY2018.
The government also released Rs 30 billion for Prime Minister’s Global SDGS Achievement Programme whereas Rs 1.8 billion have been released for ERRA out of its total allocations of Rs 7.5 billion.
An amount of Rs 9.199 billion have been released for Prime Minister’s Youth Hunarmand Programme out of its total allocations of Rs 20 billion, according to the data.
The Planning Commission of Pakistan has been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism. The commission releases 20% of funds in first quarter (July September), 20% in second quarter (October December), 25% third quarter (January March) and 35% in fourth quarter (April June).

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Reference: http://app.com.pk