{"id":65691,"date":"2020-05-22T10:00:00","date_gmt":"2020-05-22T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65691"},"modified":"2020-05-19T16:59:03","modified_gmt":"2020-05-19T11:59:03","slug":"unapproved-psdp-projects-barred-budget-2020-21-inclusion","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/unapproved-psdp-projects-barred-budget-2020-21-inclusion.html","title":{"rendered":"Unapproved PSDP projects barred from Budget 2020-21 inclusion"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: The federal government has decided not to include any unapproved Public Sector Development Programme (PSDP) projects under its upcoming budget scheduled for announcement on June 12, a news source reported.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read: <a href=\"https:\/\/www.zameen.com\/news\/psdp-have-pkr-600bn-budget-allocations-next-fiscal-year.html\" target=\"_blank\" rel=\"noreferrer noopener\">PSDP to have PKR 600bn in budget allocations for next fiscal year<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Previously, the parliament had passed the law which mandated that only approved project should be included in the budget. The move is expected to improve the efficiency in use of funds, and to help the incumbent government have a neater development portfolio, unencumbered by political expediency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, this move could potentially mean that ML-I project under China-Pakistan Economic Corridor (CPEC) may also be dropped for a year, although the government still has the time to approve it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read: <a href=\"https:\/\/www.zameen.com\/news\/govt-shares-details-funds-issued-psdp-projects-fy2019-20.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt shares details of funds issued for PSDP projects in FY2019-20<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Prime Minister (PM) Imran Khan has approved June 12 as the date to announce the upcoming Budget 2020-21, so any project that needs to make it into the budget has to be approved by the National Economic Council (NEC) in its June 8 meeting. Reportedly, the meeting will be chaired by the prime minister.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has decided not to include any unapproved Public Sector Development Programme (PSDP) projects under its upcoming budget scheduled for announcement on June 12, a news source reported. Read: PSDP to have PKR 600bn in budget allocations for next fiscal year Previously, the parliament had passed the law which mandated that only approved project should be included in the budget. The move is expected to improve the efficiency in use of funds, and to help the incumbent government have a neater development portfolio, unencumbered by political expediency. However, this move could potentially mean that ML-I project under China-Pakistan Economic Corridor (CPEC) may also be dropped for a year, although the government still has the time to approve it. Read: Govt shares details of funds issued for PSDP projects in FY2019-20 Prime Minister (PM) Imran Khan has approved June 12 as the date to announce the upcoming Budget 2020-21, so any project that needs to make it into the budget has to be approved by the National Economic Council (NEC) in its June 8 meeting. Reportedly, the meeting will be chaired by the prime minister.<\/p>\n","protected":false},"author":57,"featured_media":63845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[29626],"persona":[],"class_list":["post-65691","post","type-post","status-publish","format-standard","has-post-thumbnail","category-notices-announcements","tag-unapproved-psdp-projects-barred-from-budget-2020-21-inclusion","cat-15017-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Unapproved PSDP projects barred from Budget 2020-21 - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has decided not to include any unapproved Public Sector Development Programme (PSDP) projects under its upcoming budget scheduled for announcement on June 12, a news source reported.\" \/>\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\/unapproved-psdp-projects-barred-budget-2020-21-inclusion.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unapproved PSDP projects barred from Budget 2020-21 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has decided not to include any unapproved Public Sector Development Programme (PSDP) projects under its upcoming budget scheduled for announcement on June 12, a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/unapproved-psdp-projects-barred-budget-2020-21-inclusion.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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