| Karachi: The Federal Government has approved PKR 50 billion for Sindh’s emergency housing project to aid communities impacted by recent floods, according to a news source on November 7.
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Pursuant to the details, the funding decision, finalised in a recent Economic Coordination Committee (ECC) meeting, is part of the Public Sector Development Programme (PSDP) and surpasses the initial PKR 30 billion proposed by the Ministry of Planning, Development, and Special Initiatives for fiscal year 2024-25.
This housing initiative, which gained Executive Committee of the National Economic Council (ECNEC) approval in June, carries an estimated total cost of PKR 296 billion. ECNEC has recommended a phased funding plan, with PKR 30 billion allocated for the current fiscal year and an additional PKR 20 billion for 2025-26.
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The PKR 30 billion designated for 2024-25 is already listed under Demand No. 120 in the Ministry of Planning’s development budget and is ready for transfer. With ECC’s approval, the Finance Division is now authorised to release these funds to the Sindh government, supporting urgent flood relief and complementing other PSDP-backed provincial projects. |
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