Rs731mn released for Industries Division projects under PSDP

ISLAMABAD: The Ministry of Planning Development and Reforms has authorised the release of Rs731.963 million to fund various uplift projects of Industries and Production Division under the Public Sector Development Programme (PSDP) against the total allocation of Rs2.343 billion for the current fiscal year.

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According to the data released by the Planning Commission of Pakistan, funds amounting to Rs110.871 million have been released for the establishment of Bostan Industrial Estate (phase-I) against the total allocation of Rs110.871 million. Rs100 million has been released for the establishment of a product development centre for composite-based goods, Sialkot.

The government has also authorised the release of Rs50 million for industrial designing and automation centre Punjab, KP, Sindh and Balochistan. Rs30 million have been released for footwear cluster development through Computer-Aided Design (CAD), Computer-Aided Manufacturing (CAM) and Computer Numerical Control (CNC) machining, Lahore and Rs29.890 million for SME business facilitation centre, Multan.

Rs15 million has also been released for business skill development centre for women at Dera Ismail Khan.

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