{"id":62320,"date":"2020-03-06T10:32:04","date_gmt":"2020-03-06T05:32:04","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62320"},"modified":"2020-03-06T10:32:05","modified_gmt":"2020-03-06T05:32:05","slug":"psdp-utilisation-at-a-six-year-high","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/psdp-utilisation-at-a-six-year-high.html","title":{"rendered":"PSDP utilisation at a six-year high"},"content":{"rendered":"\n<p>Islamabad: Minister for Planning, Development, and Special Initiatives Asad Umar on Wednesday announced that the public sector development program (PSDP) had recorded a six-year high utilisation of 39% in the first eight months of the going fiscal year (FY2019-20) \u2014 a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/three-mega-gwadar-projects-proposed-for-inclusion-in-psdp.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Three mega Gwadar projects proposed for inclusion in PSDP (opens in a new tab)\">Three mega Gwadar projects proposed for inclusion in PSDP<\/a><\/p>\n\n\n\n<p>The minister revealed that previously, the maximum\nutilisation of PSDP was witnessed in the FY 2014-15, when it had reached the 32%\nmark. He added that more than 200 projects had been completed under the program\nin the current fiscal year. <\/p>\n\n\n\n<p>According to the details available, the government had allocated PKR 701 billion for PSDP 2019-20. This fiscal year however, the government has so far released PKR 465 billion; including PKR 93 billion in foreign aid for PSDP. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pm-reviews-psdp-projects-orders-timely-completion.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"PM reviews PSDP projects; orders timely completion (opens in a new tab)\">PM reviews PSDP projects; orders timely completion<\/a><\/p>\n\n\n\n<p>Traditionally, 40 percent of PSDP funds were released during\nthe first two quarters of the fiscal year. However, under the new mechanism, now\nhalf the funds are to be made available in the first two quarters of the year. As\nper the reports, the four quarterly releases will now be divided in the\nfollowing manner: 20, 30, 30, and 20 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Minister for Planning, Development, and Special Initiatives Asad Umar on Wednesday announced that the public sector development program (PSDP) had recorded a six-year high utilisation of 39% in the first eight months of the going fiscal year (FY2019-20) \u2014 a news source reported. Read: Three mega Gwadar projects proposed for inclusion in PSDP The minister revealed that previously, the maximum utilisation of PSDP was witnessed in the FY 2014-15, when it had reached the 32% mark. He added that more than 200 projects had been completed under the program in the current fiscal year. According to the details available, the government had allocated PKR 701 billion for PSDP 2019-20. This fiscal year however, the government has so far released PKR 465 billion; including PKR 93 billion in foreign aid for PSDP. Read: PM reviews PSDP projects; orders timely completion Traditionally, 40 percent of PSDP funds were released during the first two quarters of the fiscal year. However, under the new mechanism, now half the funds are to be made available in the first two quarters of the year. As per the reports, the four quarterly releases will now be divided in the following manner: 20, 30, 30, and 20&hellip;<\/p>\n","protected":false},"author":57,"featured_media":62321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[22005],"persona":[],"class_list":{"0":"post-62320","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-psdp-utilisation-at-a-six-year-high","9":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PSDP utilisation at a six-year high - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Minister for Planning, Development, and Special Initiatives Asad Umar on Wednesday announced that the public sector development program (PSDP)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/psdp-utilisation-at-a-six-year-high.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PSDP utilisation at a six-year high - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Minister for Planning, Development, and Special Initiatives Asad Umar on Wednesday announced that the public sector development program (PSDP)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/psdp-utilisation-at-a-six-year-high.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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