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Charter of the economy : agenda for economic reforms in Pakistan
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Charter of the Economy The normal expectation is that sectors in which the throw-forward is large, the bulk of the allocation would go to completion of on-going projects and fewer new projects would be launched. This does appear to be the case with allocations in sectors like the Atomic Energy Commission, Power, Hydel-Projects, Water Resources. However, in the case of NHA and the Railway as much as 25 percent and 17 percent of the overall allocation is to new projects. Table 13.3: Priority of Ongoing versus New Projects in the Federal PSDP of 2020-21 (Rs in Billion) Sector* Cost of On-Going Projects Throw­forward % Not Completed Allocation to On-Going Projects as % of Throw-forward Cost of New Allocations Projects % Share of New Projects in Total Allocation NHA 1275 324 25.4 29.7 521 29.7 25.0 PAEC 1038 812 78.2 2.8 1 0.2 0.9 Railway 162 63 38.9 20.3 1215 11.2 16.6 Power 752 608 80.9 11.0 8 2.0 2.7 Hydel 1361 632 46.4 18.1 0 0.0 ­Water 1082 560 51.8 11.5 36 2.5 3.6 HEC 253 155 61.3 14.8 45 6.4 14.0 TOTAL 5923 3154 53.2 OF ABOVE 12.7 1825 52.0 12.1 *Major sectors Source: Planning Commission Table 13.4: Number of Projects in the Federal PSDP of 2020-21 On-Going New Total Higher Education Commission 113 31 144 Water 81 3 84 Power 72 10 82 Housing 33 41 74 National Highway Authority 32 25 57 Interior 37 15 52 Health Services 28 24 52 Railway 22 18 40 Food Security 24 12 36 Finance 28 8 36 Science and Technology 22 10 32 Allocation (Rs in Billion) 29.4 81.2 74.4 8.8 118.7 14.8 14.5 24.0 12.0 66.7 4.5 134