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Govt releases Rs 4.21b for IT initiatives below PSDP 2022-23

ISLAMABAD: The federal government has launched funds amounting to Rs4.21 billion to execute Data Expertise associated initiatives in the course of the first 4 months of the present fiscal yr below the Public Sector Growth Programme (PSDP 2022-23).

Based on official information obtainable with APP, the federal government has approved the utilization of improvement funds amounting to Rs 4,211.21 million out of a complete allocation of 5,731.70 million for numerous ongoing and new initiatives of the Ministry of Data Expertise and Telecommunication.

Out of the entire approved/disbursed quantity, the entire quantity spent on the event initiatives in the course of the corresponding interval (July-October) stood at Rs3,487.32 million.

Based on the disbursement mechanism of the Planning Division, the event funds allotted within the federal finances are launched on the price of 20 % within the first quarter (July-September), adopted by 30 % every within the second and third quarters and the remaining 20 % within the final quarter (April-June) of a fiscal yr.


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