Govt Hits Record Rs1 Trillion PSDP Spending in FY25

Staff Report

Islamabad: The government’s spending on development projects under the Public Sector Development Programme (PSDP) has surpassed Rs1 trillion during the fiscal year 2024–25 — a historic milestone.

Highlighting the government’s socio-economic development efforts, Prime Minister Shahbaz Sharif noted in a recent meeting that several quarters had been sceptical about the pace and level of disbursements under the PSDP. However, the actual spending has outpaced expectations.

He observed that the Minister for Planning, Development, and Special Initiatives had proven the sceptics wrong through remarkable execution of the PSDP. For the first time in Pakistan’s history, development spending has exceeded one trillion rupees in a single financial year.Cabinet Body Endorses New Chairmen TCP and PRCL Boards

Separately, the Prime Minister expressed immense satisfaction over the impeccable and well-coordinated security arrangements made by the federal and provincial governments during the holy month of Moharram.

He praised the collective efforts of the Federal Minister for Interior, Provincial Chief Ministers, the Prime Minister of the Azad Government of the State of Jammu and Kashmir, the Chief Minister of Gilgit-Baltistan, the administrative and police forces, and the intelligence agencies for maintaining peace and public order. He noted that these efforts were particularly commendable at a time when Indian intelligence agencies were attempting to sow discord in Pakistan following India’s internationally acknowledged defeat in war.

The Prime Minister also appreciated the role of the Ullema in maintaining sectarian harmony and emphasised that the peace observed during Moharram reflected the true unity and brotherhood of the Pakistani nation.