ISLAMABAD: Planning, Development and Special Initiatives Minister Asad Umar said on Wednesday that the government had witnessed a record 39 per cent utilisation of the Public Sector Development Program (PSDP) during the first seven months of the current fiscal year (FY20). “This is the highest recorded utilisation of the development budget in the past six years or so,” a press release quoted the minister as saying. Earlier, the maximum utilisation of PSDP was witnessed in FY15), when it had touched 32pc. In a tweet, Asad Umar said during the first five months of the current fiscal year, around Rs87 billion worth development funds were utilized, whereas the last three months had witnessed utilisation of Rs187 billion. Likewise, he added, Faisalabad-Khanewal road project had witnessed 98pc physical progress with Rs5 billion allocations for the project.

Source: Pakistan Today March 04, 2020 17:15 UTC