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Govt releases over Rs 76 million for Industries Division projects

ISLAMABAD, Aug 26 (APP):The government has so far released Rs 76.149 million for various ongoing and new projects of Industries and Production Division under the Public Sector Development Programme (PSDP) for the current fiscal year (2019-20).

The government, in its Federal PSDP 2019-20, had earmarked Rs 2343.293 million for the Industries and Production Division projects, according to the latest data released by of Ministry of Planning, Development and Reform.

The government released Rs 50 million for National Business Development Programme for Small and Medium Size Entrepreneurs (SMEs) for which Rs 250 million have been earmarked in the current PSDP.
An amount of Rs 6 million have been released for footwear cluster development for which an amount of Rs 30 million have been earmarked in the PSDP.

Similarly, another Rs 6 million have been released for the handicraft development and promotion for less developed areas of Pakistan including Chitral, Khyber Agency, Bajur Agency, Mohmand Agency FR Peshawar, FR Kohat, Pishin Qilla Abdullah, Qillah Saifullah, Ziarat, Hamal, Loralai, Sibi, Zohb, Mushakhail, Sherani and Khuzdar.

The government also released Rs 5.97 million for SME Business Facilitation Center, Multan, Rs 3 million for Business Skill Development Center for Women at Dera Ismail Khan and Rs 5.179 million for Fruit Dehydration Unit, Swat.

It is pertinent to mention here that the federal government has so far released Rs 15.4 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20, as against the total allocation of Rs 701 billion.

Under its development program, the government has released an amount of Rs 10.2 billion for federal ministries, whereas Rs 4.6 billion for special areas, according to a data released by Ministry of Planning, Development and Reform.

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