ISLAMABAD – The government has released funds amounting to Rs 293.257million during first seven months of the of current fiscal year to executepetroleum projects under the Public Sector Development Programme (PSDP2019-20) against the total allocation of Rs581.812 million.
According to the official data as of January 24, an amount of Rs 8.442million has been provided to explore and evaluate coal in Nosham and Bahlolareas of Balochistan, for which Rs10.553 million have been earmarked in thePSDP.
While, Rs 54 million have been released against the allocation of Rs70million for expansion and up-gradation of Pakistan Petroleum Corehouse(PETCORE) to ensure its sustainable operations and facilitate oil and gasexploration research in the country.
Similarly, a sum of Rs 60.252 million has been provided under a project toup-grade Hydrocarbon Development Institute of Pakistan (HDIP)’s POL testingfacilities at Islamabad, Lahore, Multan, Peshawar, Quetta and ISOCertification of Petroleum Testing Laboratory at Islamabad. This year, thegovernment will spend Rs77.960 million for up-gradation of the HDIP labs.
Read Top Stories
An amount of Rs 166.614 million has been issued for acquiring new drillingrigs and equipment against allocation of Rs 416.535, while Rs 1.462 forappraisal of newly discovered coal resources in Badin Coal-field and itsadjoining areas of southern Sindh, for which the government earmarked Rs3.655 million in the PSDP.
Whereas, an amount of Rs 2.487 million has been disbursed for explorationand evaluation of metallic minerals in Uthal and Bela areas of Lasbeladistrict, Balochistan, for which the government would Rs 3.109 during thecurrent fiscal year.
