Saturday, June 4, 2011

Huge 58pc increase in PSDP

The government has announced a total Public Sector Development Programme (PSDP) of Rs 730 billion for the upcoming financial year 2011-2012 that is 58 % higher than the Rs 462 billion PSDP of outgoing fiscal year.
According to the details, an amount of Rs 290 billion has been allocated for the projects of the Federal Government, whereas Rs 430 billion have been earmarked for the provinces that would be spent through their Annual Development Programmes (ADPs), while amount of Rs 10 billion has been allocated for the Earthquake Reconstruction and Rehabilitation Authority (ERRA).