The provincial government of Khyber Pakhtunkhwa has an amount of over Rs 20 billion in its Hydel Development Fund (HDF), said the White Paper of the KP government on the annual budget 2019-20.
The HDF was established in 1992 with an initial allocation of Rs500 million. The fund is governed by an Act and Rules made there-under for running of the fund.
At the time of assuming power by PTI in Khyber Pakhtunkhwa in last week of May 2013, the opening balance of the fund was amounting to Rs 20.241 billion with Rs 3 billion equity of the government and a profit of Rs 2.294 billion. Out of which a fund of Rs 1.969 billion was utilized and the closing balance was Rs 23.566 billion.
The opening balance in the year 2014-15 was Rs 23.533 billion with government equity of Rs 3 billion and earned profit was Rs 2.356 billion and utilized amount of utilized fund was Rs 2.756 billion and the closing balance was Rs 26.153 billion.
In the year 2015-16, the opening balance was Rs 26.153 billion with provincial government equity of Rs 10.206 billion and the earned profit was Rs 1.982 billion and the amount of utilized fund was Rs 15 billion and closing balance of Rs 23.341 billion. In the year 2016-17, the government equity climbed to Rs 16.513 billion and profit earned on the amount was amounting to Rs 2.271 billion. Huge fund amounting to Rs 27.722 billion was utilized bringing down the closing balance to Rs 14.403 billion.
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