On February 17, 2026, the National Assembly Standing Committee on Cabinet Secretariat approved a substantial Public Sector Development Programme (PSDP) worth Rs164.578 billion for the fiscal year 2026-27. This approval is crucial as it aims to fund various projects, including those aligned with the Sustainable Development Goals (SDGs) and the development of Islamabad Technopolis. The committee emphasized the importance of timely funding to prevent cost revisions that could lead to wastage of public funds. MNA Malik Ibrar, who chaired the meeting, stated, "We must ensure that the required funds are provided to avoid any delays in project execution," highlighting the urgency of financial support for ongoing projects. Of the total budget, Rs82 billion is earmarked for approved projects, while Rs82.57 billion is allocated for projects pending approval, which includes significant initiatives like the digitization of archival records (Business Recorder, February 17, 2026).
FINANCE
Pakistan Senate Panel Approves Rs164.57 Billion PSDP Projects

On Feb 17, 2026, Pakistan's National Assembly approved a Rs164.578 billion PSDP for 2026-27, focusing on SDGs and Islamabad Technopolis, ensuring timely funding to prevent project delays.
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TechJuice
Updated 9h agoBR
Business Recorder
Updated 22h agoTNB