LAHORE: The government has released funds amounting to Rs 288.103 millionduring first six months of the current fiscal year to execute petroleumprojects under the Public Sector Development Programme (PSDP 2019-20)against the total allocation of Rs581.812 million.
According to the official data, an amount of Rs4.220 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 Rs60.252 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.
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An amount of Rs166.614 million has been issued for acquiring new drillingrigs and equipment against the allocation of Rs416.535, while Rs1.462 forappraisal of newly discovered coal resources in Badin Coal-field and itsadjoining areas of southern Sindh, for which the government earmarkedRs3.655 million in the PSDP.
Whereas, an amount of Rs1.555 million has been disbursed for explorationand evaluation of metallic minerals in Uthal and Bela areas of LasbelaDistrict, Balochistan, for which the government would Rs3.109 during thecurrent fiscal year.
