Development funds: PSDP releases special funds for textile industry

Various export, infrastructure projects to be implemented during the year.


APP May 12, 2013
The government also released Rs14.7 million for the Pak-Korean Garments Technology Training Institute Karachi. PHOTO: AFP

ISLAMABAD: The government has so far released Rs158.9 million for five major projects of the Textile Industry Division under its Public Sector Development Programme (PSDP), official sources said Friday.

The total cost of all these projects has been estimated at Rs2.081 billion, out of which Rs227 million will be released during the ongoing year (2012-13). Giving the break up of the cost, the source said that an amount of Rs64.4million has been released for Faisalabad Garment City Project and Rs62.3 million for Lahore Garment City Company. The total cost of Faisalabad Garment City project and Lahore Garment City Company has been projected at Rs498.8 million and Rs586.8 million respectively, of which Rs92 million and Rs89 million would be released during the current fiscal year.

The government also released Rs14.7 million for the Pak-Korean Garments Technology Training Institute Karachi, the source said adding that the total cost of this project is Rs300 million, out of whichRs21 million would be released this year. Similarly, out of Rs15 million allocated for Extension in Export Development Plan Implementation Unit during current year, the government released Rs10.5 million so far. The total cost of this project is Rs59.2 million. The government also released Rs7 million for Providing and Laying of Dedicated 48 inch Diameter mild Steel Water Pipeline for Textile City Karachi. The total cost of this project is Rs636.6 million, of whichRs10 million have been earmarked in fiscal year 2012-13, the sources added.



The sources said that the Planning Commission of Pakistan has so far released Rs170.3 billion for all development projects under PSDP against the total allocations of Rs233 billion for the fiscal year 2012-13. An amount of Rs86.2 billion has been released for 347 infrastructure development projects and Rs78.2 billion for 715 social sector projects. Similarly, Rs1.9 billion has been released for 77 other projects and Rs4 billion for the Earthquake Reconstruction and Rehabilitation Authority.      The total size of the PSDP budget for year 2012-13 is Rs360 billion, including Rs100 billion foreign aid component, which is managed by Economic Affairs Division and Rs27 billion special programmes, release of which are made by the Cabinet Division or the Finance Division.

Published in The Express Tribune, May 12th, 2013.

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