The federal government has amended the release strategy of funds of the Public Sector Development Programme 2022-23 and reduced the percentage of development funds released for the first quarter from 20 percent to 10 percent (Rs. 80 billion of total Rs. 800 billion PSDP).
However, the percentage of funds released for the 4th quarter has been upward revised from earlier 20-40 percent. The release of fund percentage for the 2nd and 3rd quarter will remain the same at 20 percent and 30 percent respectively.
According to Finance Division notification No F. 3(I)FO/2022-23, available with ProPakistani, the Strategies for release of funds for the development budget/Public Sector Development Programme for current FY 2022-23 have been amended and made quarter-wise changes in the release of funds for the PSDP projects. As per the amended strategy:
As per the earlier release strategy for PSDP 2021-22, the Planning Ministry was allowed to release Funds for Development Budget at the level of 20 percent for Quarter 1, 30 percent each for Quarter 2 and Quarter 3, and 20 percent for Quarter 4.
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