The Prime Minister has committed to providing an additional grant of Rs 10 billion for socio-economic development in Gilgit – Baltistan,” This grant will be in addition to the Public Sector Development Programme (PSDP) projects announced for the region in the budget for fiscal year 2014-15. “Rs2 billion (of this amount) will be released in the upcoming fiscal year, while the remaining amount will be disbursed over the next three years,”.
The government has made a total allocation of over Rs97 billion for various development and non-development projects in Gilgit – Baltistan under the PSDP for 2014-15.
The major chunk of PSDP funds for G-B will be spent on mega hydropower projects, such as the Diamer-Bhasha, Dasu and Bunji dams.
