Centre’s spending on development remains miniscule

ISLAMABAD: The Public Sector Development Programme (PSDP) expenditure in the first five months of the current fiscal year is struggling at 10.4pc of its Rs1.1 trillion annual allocation as the government keeps a tight lid on disbursements to meet requirements of the International Monetary Fund (IMF) of meeting certain fiscal surplus.

The latest data from the Ministry of Planning and Development showed the total PSDP expenditure at Rs114.5bn in July-November.

Under the mechanism announced...