Just 20% released for KP foreign funding projects

PESHAWAR: The Khyber Pakhtunkhwa (KP) government said that the international financial institutions have provided just 20% of the promised funds during the first six months of the current financial year.

The report said that the provincial government has also spent only 11% of the released funds on the proposed projects. For the current financial year, KP government had proposed 60 mega projects with the financial support of international aid agencies but all the projects are suffering of low pace of work.

According to the KP Planning and Development (P&D), this year’s development program includes 60 projects to be completed in collaboration with international aid agencies.

However, the aid agencies have released only Rs18.20 billion in the first six months of the financial year out of which the provincial government has used Rs9.75 billion which constitutes 11% of the allocated funds.

According to the document, not a single penny has been released for seven projects of four departments, including four projects for clean water supply, one each of forest, interior ministry and labour department.

Similarly, the departments to which funds have been released include Rs122 million out of Rs27.25 billion for two projects of the finance department, Rs5.97 billion out of Rs12.60 billion for seven energy projects and Rs2.78bn out of Rs10.74bn has been released for five road projects.

The documents show that Rs1.18bn out of Rs8.95bn has been released for 17 multi-sector development projects. For one transport project, only Rs 221mn has been released out of Rs8.67bn. For three agriculture projects, Rs1.70bn has been released out of Rs4.89 billion

Similarly, Rs2.16 billion out of Rs3.52 billion has been release for two projects of local government department, Rs3 billion out of Rs3.12 billion for two sports and tourism projects, only Rs70 million out of Rs3.11 billion has been released for four primary and secondary education projects.

Rs451 million out of Rs1.98 billion were released for three projects in health sector. Rs38 million out of Rs1.42 billion has been released for one irrigation project, Rs232 million out of Rs 1 billion has been released for one project of industrial department and Rs837 million has been released for three urban development projects.

The documents show that Rs33 million out of Rs837 million has been released for three urban development projects and Rs225 million out of Rs282 million has been released for two Science and Information Technology projects.

Aziz Buneri
Aziz Buneri
Author is a senior journalist and working in the field of journalism since 2004. He covers Financial, Social, Political and regional issues for Pakistan today and Profit. He can reached at [email protected]

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