Water resources: MoF considering allocating only 8% of PSDP

The Finance Ministry is considering allocating only 8% (PKR 59Bn) of the total proposed federal PSDP FY19, projected at PKR 745Bn, while the water policy had proposed at least 10% of the PSDP for the sector. The National Water Policy is yet to be approved though there was general agreement during a recently convened Council of Common Interests meeting for allocating at least 10% of federal PSDP and gradually increasing it to 20% by 2030. Water Resources Division had proposed budgeting PKR 203Bn for both hydroelectric and water resources but Finance Ministry has provided a ceiling of PKR 59Bn.