Qaim asks finishing 324 schemes, as fund utilization remains low

Karachi: Sindh Chief Minister Syed Qaim Ali Shah has directed the planning & development department to prioritize the development schemes in consultation with the provincial departments by March 24, so that they could be funded accordingly. He also fixed April 15 as cut-off date to release funds for the development schemes related to the ADP 2014-15.

Presiding over a meeting regarding allocation, releases and expenditures of Annual Development Programme (ADP) 2014-15 here at the CM House, he stressed to use quality material in the development projects.

ACS (Development) Waseem Ahmed told the meeting that the current ADP was of Rs168 billion, including Rs143 billion provincial and Rs25 billion district ADP. “Under the provincial ADP of Rs143 billion 2,937 schemes have been taken up, of them 1658 schemes are on-going and 1,279 are new.”

Out of Rs90.065 billion allocated for on-going 1,658 schemes the finance department has released Rs65.825 billion of which Rs41.4 billion have been utilized. The utilization comes to 61 percent. For 1,279 new schemes the finance department released Rs4.133 billion and they have utilized Rs1.859 billion and the utilization percentage of the released is 45 percent.

The number of schemes to be completed by June 2015 are 324 for which Rs12951.548million are required against which the government has released Rs10497.814 million; however, the fund utilization remained Rs6689.879 million.

Minister Finance Syed Murad Ali Shah told the meeting that Rs3 billion were actually allocated for the subsidy of the wheat. However, due to wrong policy of the federal government wheat was imported from Ukraine, and Sindh suffered huge financial losses and it was forced to reduce price of the wheat lying in our godowns.

Moreover, Sindh government gave another Rs12 per kg subsidy on sugarcane price through private sugar mills and in this way incurred Rs10billion extra burden.

The chief minister asked to provide full funds to the 324 schemes scheduled to be completed by end of June 2015.

The schemes which would be completed by the end of next financial year would be given second priority.

He said he would not compromise on the quality of government projects.

The post Qaim asks finishing 324 schemes, as fund utilization remains low appeared first on Pakistan Press International.

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