The government releases funds amounting to over Rs 4.21 billion to execute Information Technology related projects under the Public Sector Development Programme.
The government releases funds amounting to over Rs 4.21 billion to execute Information Technology related projects during the first four months of the current fiscal year under the Public Sector Development Programme (PSDP 2022-23).
According to official data available , the government has authorized the utilization of development funds amounting to Rs 4,211.21 million out of a total allocation of 5,731.70 for various ongoing and new projects of the Ministry of Information Technology and Telecommunication.
Out of the total authorized/disbursed amount, the total amount spent on the development projects during the corresponding period (July-October) stood at 3,487.32 million.
The Planning Commission (denoted as PC) is a financial and public policy development institution of the Government of Pakistan. The Commission comes under Ministry of Planning, Development and Reforms.
The Planning Commission undertakes research studies and state policy development initiatives for the growth of national economy and the expansion of the public and state infrastructure of the country in tandem with the Ministry of Finance (MoF).
Since 1952, the commission have had a major influence and role in formulating the highly centralized and planned five-year plans for the national economy, for most of the 20th century in Pakistan. Although the five-year plans were replaced by Medium Term Development Framework, the commission still played an influential and central role in the development of the programme.
Furthermore, the Public Sector Development Programmes (PSDP) also placed under the domain of the planning commission. The commission’s authoritative figures includes a Chairman who is the Prime Minister, assisted by the deputy chairman, and a science advisor.
It is worth mentioning that focus of PSDP 2022-23 is also on revival of CPEC and related projects for inter-provincial and regional connectivity with equal importance to Special Economic Zones (SEZs) to promote trade, industrialization and create job opportunities.
PSDP reflects development framework of the government with sectoral and regional priorities set under national plan. PSDP gives impetus to economic growth, creates spillovers for private investment
and boost business activities. The overall objective of the PSDP is to bridge infrastructure gaps
and improve human and social development indicators.
Originally published at Pakistan Observer