The Ministry of Information Technology and Telecommunication has proposed a total layout of Rs. 2457.832 million under the Public Sector Development Program (PSDP) for the fiscal year 2016-17 against Rs. 922.804 million that government had earmarked for the current financial year.
The PSDP for fiscal year 2016-17 in respect of Ministry of Information Technology and its attached departments has been prepared and sent to the Standing Committee of National Assembly for Information Technology for consideration and recommendations.
It is a constitutional requirement for ministries to present the proposed PSDP projects before respective standing committees by end of January. These proposals, after discussion, are supposed to be passed or otherwise revised by end of March.
The total proposed layout of PSDP for fiscal year 2016-17 is amounting to Rs.2457.832 million against 20 schemes relating to IT & Telecom Sectors including 15 old/ongoing and five new projects.
The new schemes included upgradation of GSM services in Azad Jammu Kashmir and Gilgit-Baltistan, ICT industry support program with proposed allocation of Rs 37 million which also includes CMMI certification, feasibility study of ICT Park in Karachi with Rs 58 million, broadband service expansion with Rs 500 million and GSM coverage on KKH.
The government had allocated a Rs. 922.804 million for on-going fiscal year. Project for year 2015-16 included Rs 722.804 million worth of local component and Rs 150 million foreign component.
However the document of Ministry of Planning, Development and Reforms shows that a total fund of Rs 1342.549 million has so far been released to IT and Telecom Ministry during the on-going year so far, out of which Rs. 1,144.5 million of foreign aid was lended while Rs 198 million was released from local funds.
After getting the passage from standing committee, the proposed PSDP would be presented before the Finance and Ministry of Planning Commission, Development and Reforms.
There is a term used for Rs.2547 million……it’s called approximately Rs.2.5 billion
good one stoner….:P, i hope i used the right term here lol