Centre, provinces failed to utilize allotted funds

The utilization of development funds at provincial levels has remained dismally poor and the provinces have been left with no other option but to slash down development outlays from PKR 950Bn to PKR 867Bn for the outgoing FY21. Utilization of funds under PSDP at federal level also remained pathetic as it stood at just PKR 421Bn as of 1st Jun’21 against the total allocation of PKR 650Bn for the outgoing FY21. The development spending in Punjab and Sindh remained poor.

5/6/2021