Government releases Rs293.23m under PSDP 2017-18

Issues Rs84.7m for establishment of Bostan Industrial Estate in the first phase

APP February 17, 2018

ISLAMABAD: The federal government has released Rs293.230 million for several industrial development projects under its Public Sector Development Programme (PSDP) 2017-18 as against an allocation of Rs2,737.270 million.

Under the PSDP, the government has released Rs84.7 million for the establishment of Bostan Industrial Estate in the first phase as against the total allocation of Rs211.736 million in the current fiscal year, according to the data of Planning Commission of Pakistan.

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An amount of Rs49.60 million was released for establishment of infrastructure in Quetta industrial and trading estate as the government has allocated Rs122.625 million in its current year development programme.

So far the government has provided Rs38.850 million for the establishment of Peshawar Light Engineering Centre in order to promote the engineering industry in the country as an amount of Rs42.614 million was allocated for the projects.

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In order to develop and promote industrial activities in Balochistan, an amount of Rs30.620 million was released for provision of infrastructure in Quetta Industrial State, where the government has earmarked Rs76.567 million in its current year’s development programme.

Besides, Rs44.740 million was released for water supply scheme for Hub Industrial Trading Estate as against the total allocation of Rs111.855 million for the current financial year.

For fully exploiting the fruit trade potential of northern areas of the country, the government has allocated Rs20 million for the establishment of a fruit dehydration unit in Swat and so far it has released Rs8 million for the development of the project.