The International Monetary Fund has urged Pakistan to increase climate change weighting to at least 30% in all PSDP projects. It also called for public disclosure of project selection scores. The move aims to improve infrastructure planning and align spending with the National Climate Change Policy. In its second review under the Extended Fund Facility, […]
PSDP
Big employment boost: 95,000 Jobs coming soon across Pakistan
Pakistan is set to generate more than 95,000 jobs over the next five to seven years, the Ministry of Planning said. The employment surge will come from major development projects across multiple sectors. Officials said these initiatives aim to boost national growth and provide opportunities for citizens. The Central Development Working Party (CDWP) approved 12 […]
PSDP spending lags as government prioritises fiscal discipline
ISLAMABAD: Spending under Pakistan’s Public Sector Development Programme (PSDP) is moving slowly, with the government keeping disbursements tight to meet fiscal targets set by the International Monetary Fund (IMF). In the first four months (July–October) of FY26, total PSDP expenditure reached only Rs76 billion — just 7.6pc of the Rs1 trillion annual allocation — falling […]
Govt mulls Rs300bn cut in PSDP
ISLAMABAD – The federal government is reportedly considering a Rs300 billion reduction in the Public Sector Development Programme (PSDP) for the current fiscal year, slashing the national development budget by nearly 30 percent, from Rs1,000 billion to Rs700 billion. Sources in the Planning Commission revealed that the proposed cut is being weighed due to lower-than-expected revenue […]
Chinese investors keen to invest in South Balochistan: Asad
Minister for Planning, Development and Special Initiatives, Asad Umar said on Tuesday that Chinese investors have expressed their willingness to invest in South Balochistan package. Briefing media persons, the minister said that the Chinese investors would invest over $1 billion in this project. He said that the South Balochistan project was 35 times bigger than […]
Fawad says G-20 suspends repayment of Pakistan’s $3.7bn loan till year end
ISLAMABAD: Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain on Tuesday said that the G-20 countries had suspended the repayment of $ 3.7 billion loan till the year end, bringing a good news for Pakistan’s economy. “The suspension of loan, which was liable to be paid instantly, is the good news for the national […]
Govt earmarks Rs3.558 billion for 17 Aviation sector projects
ISLAMABAD: The government on Friday earmarked funds amounting to Rs Rs3,558.200 million to advance 17 ongoing Aviation sector schemes in the Public Sector Development Programme (PSDP 2021-22). As per the PSDP document, an amount of Rs11.077 million has been allocated for the construction of double story Ladies Hostel/Barrack with the provision of the third story […]
Rs 182,424m allocated for hydel, ongoing water, new schemes in PSDP
ISLAMABAD: The government has earmarked a total of Rs 182,424.692 million for the ongoing hydel, water sector projects and new schemes under Annual Public Sector Development Programme for year 2021-22. Out of total, Rs 91,912 million has been allocated for hydel, Rs 64,294 million for the ongoing water sector schemes and Rs 90,312.692 million for […]
Rs10.297 bn earmarked for projects under SIDCL
The federal government has proposed to allocate Rs10.297 billion for various Sindh Infrastructure Development Company Limited (SIDCL) schemes under the Public Sector Development Programme (PSDP) 2021-22. According to budgetary documents issued on Friday, an amount of Rs1 billion has been earmarked for construction of interchange over Malir Link Road to M-9, whereas another Rs 22.019 […]
Rs6.03 bn allocated for 17 law, justice division projects in PSDP 2021-22
The government on Friday allocated an amount of Rs 6.027 billion in the Public Sector Development Programme (PSDP 2021-22) to execute ten ongoing and seven new Law and Justice Division schemes. According to the PSDP document, funds amounting to Rs3.75 billion have been earmarked for ten ongoing schemes, out of which Rs 4.5 million have […]