The government has released Rs129.11 billion under the Pradhan Mantri Sahaj Bima Yojana (

Key Highlights :

1. The federal government has released Rs129 billion for development projects under the Public Sector Development Programme (PSDP) for the fourth quarter of 2022-23.

2. The PSDP is a government programme designed to support the development of key sectors of the Pakistani economy.

3. The PSDP is divided into two parts: the rupee component, which is funded with rupees, and the foreign exchange component, which is funded with foreign aid.

4. The rupee component of the PSDP has been revised down­ward to Rs 654 billion, due to financial constraints caused by the super floods last year.

     On one hand the federal government is delaying the release of Rs 21 billion for the Punjab Assembly elections, however, at the same time it has authorized Rs 129 billion for development projects under the Public Sector Development Programme (PSDP) for the 4th quarter of 2016. The PSDP is a federal government initiative that provides financial assistance to the provinces for development projects.

     The PSDP has been in place for several years and has provided financial assistance to many provinces. However, the Punjab Assembly elections are scheduled for early next year and the federal government has not yet released the money for the elections. The delay in releasing the money is frustrating many people in the Punjab.

     The government has stated that the money for the Punjab Assembly elections will be released soon. However, it is unclear when the money will be released. The delay is frustrating many people in the Punjab and it is causing problems with the election schedule.

     The Punjab Assembly elections are scheduled for early next year and the federal government has not yet released the money for the elections. The delay in releasing the money is frustrating many people in the Punjab.

Continue Reading at Source : nation_pk