In the fiscal year 2022-23, the government has provided Rs. 8.74 billion for nine SUPARCO-related Public Sector Development Projects (PSDP).
The Pakistan Tehreek-e-Insaf (PTI) administration authorised all of these projects at a total cost of around Rs. 100.8 billion, including 70 percent foreign finance. Up to June of this year, Rs. 6.7 billion of the authorised money had been spent, while Rs. 94.072 billion had been carried forward from the previous fiscal year.
The government has proposed allocating an additional Rs. 8.704 billion for these current projects this year, including Rs. 1.69 billion in foreign aid.
According to the budget, three significant projects on the list include the development of the Pakistan Space Center (PSC) in Gilgit-Baltistan (Rs. 3.95 billion), the Pakistan Multi-Mission Communication Satellite System (Rs. 3.7 billion), and the Pakistan Optical Remote Sensing Satellite (Rs. 3.7 billion) (Rs. 500 million).
The PTI administration has decided to construct a space station facility in Gilgit-Baltistan. The project was authorised by the National Economic Council’s Executive Committee (ENCEC) in November 2018, with a total approved cost of Rs. 29.502 billion, including Rs. 18.32 billion in foreign aid.
Approximately Rs. 2.7 billion has been spent on the project as of the beginning of June, with Rs. 26.77 billion carried over from the fiscal budget 2021-22. The government has allotted additional Rs. 3.394 billion this year, including Rs. 1.2 billion in foreign aid.
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