AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, October 08, 2012 (PPI-OT): The Planning and Development Division has released PKR 60.9 billion, or 26.13%, in 1QFY13 under the Public Sector Development Programme (PSDP) against the annual target of PKR 233 billion, according to official figures released by the Planning Commission.
According to Alfalah Securities Limited, the break up of released PSDP includes PKR 32.9 billion released for infrastructure projects, PKR 26.4 billion for social sector projects and PKR 0.7 billion for projects in other sectors. The spending on infrastructure development leads to improved demand for cement which bodes well for the cement sector companies.