Minister
Pakistan

169 billion allocated for uplift schemes

Multan; The Federal government has released over Rs 169.21 billion up to September 29,2017 under its public sector development programme (PSDP) for the fiscal year 2017-18 for various ongoing and new schemes against their total allocations of Rs.1001 billion. The released funds include Rs 38.99 billion for Federal Ministries and Rs 15.316 billion for special areas, according to latest data of ministry of planning, development and reforms.

Out of these allocations, Rs 2.6 billion have been released for communication division (other than national highway authority) for which the government has earmarked Rs 13.66 billion under PSDP 2017-18. railways division received Rs 8.631 billion out of its total allocation of Rs 42.9 billion whereas aviation division received Rs 623.14 million out of its total allocation of Rs 4.348 billion.

The government also released an amount of Rs 6.5 billion for various development projects of higher education commission out of total allocation of Rs 35.662 billion. water and power division (water sector) received rs 7.38 billion out of its total allocation of Rs 36.75 billion under PSDP 2017-18.

The government also released Rs 1.718 billion for national health services, regulations and coordination division, for which an amount of Rs 48.701 billion have been allocated in the federal PSDP 2017-18 while Rs 46 million have been released for Pakistan nuclear regulatory authority out of its total allocations of Rs 409.553 million. an amount of Rs 386 million have been released for finance division out of its total allocations of Rs 20.143 billion while Rs 163 million have been released for climate change division out of its total allocations of Rs 815 million for the current year. similarly, an amount of Rs 1.914 billion have been released for petroleum and natural resource division out of its allocations of Rs 3.692 billion, Rs 322.053 million for planning, development and reform division out of its allocations of Rs 10.869 billion whereas Rs 500 million have been released for Suparco out of its allocations of Rs 3.5 billion. likewise, the government also released Rs 61 million for human rights division, and Rs 322 million for national food security and research division.

The government released Rs 4.105 billion for AJK (block and other projects) out of its allocations of Rs 25.344. billion, Rs 6.126 billion for Gilgit Baltistan (block and other projects) out of its allocations of Rs 18.3 billion whereas Rs 5.149 billion have been released for Safron/fata (block and other projects) out of its total allocations of Rs 26.90 billion for the year 2018.

The government also released Rs 30 billion for prime minister’s global SDGS achievement programme whereas Rs 900 million have been released for erra out of its total allocations of Rs 7.5 billion. An amount of Rs 3.911 billion have been released for prime minister’s youth Hunarmand programme out of its total allocations of Rs 20 billion, according to the data.

The planning commission of pakistan has been following a proper mechanism for the release of funds and accordingly funds are released as per given mechanism. The commission releases 20% of funds in first quarter (Jul, September), 20% in second quarter (October December), 25% third quarter (January, March) and 35% in fourth quarter (April,June).Mohammad Rizwan Awan

SBP and FBR signs agreement to pay taxes through ATMs

ISLAMABAD: The State Bank of Pakistan (SBP)and Federal Board of Revenue (FBR) has sign an agreement to pay taxes through ATMs.

The signing ceremony was chaired by Finance Minister Ishaq Dar.

The facility would be available round the clock, seven days a week. As per the proposed mechanism, the banks will add FBR (Inland Revenue) and FBR (Customs) as billers in the billers module.

Banks will also develop the necessary interface with 1-Link and after the system is made operational, the taxpayers and importers will fill their tax and customs duty payment details in the FBR (IRS) and Customs (WeBOC) online modules to generate payment slip ID (PSID).