ISLAMABAD – The government has so far released funds amounting to Rs116.362million during the current fiscal year to execute petroleum projects underthe Public Sector Development Programme (PSDP 2019-20) against the totalallocation of Rs581.812 million.
According to the official data, an amount of Rs2.110 million has beenprovided to explore and evaluate coal in Nosham and Bahlol areas ofBalochistan, for which Rs10.553 million have been earmarked in the PSDP.
While, Rs54 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 Rs60 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 upgradation of the HDIP labs.
Read Top Stories
The government has yet to release funds for three projects including foracquiring drilling rigs and equipment, appraisal of newly discovered coalresources in Badin Coal-field and its adjoining areas of southern Sindh,exploration and evaluation of metallic minerals in Uthal and Bela areas ofLasbela district, Balochistan, for which Rs416.535 million, Rs3.655 millionand Rs3.109 million have been earmarked in the PSDP respectively.
