Rs 723.9 mln released for petroleum sector in two months


ISLAMABAD: The government has released Rs 723.932 million for the Petroleum and Natural Resources Division under the Public Sector Development Programme (PSDP) in the first two months of the current financial year (July-August) against the total allocation of Rs 2992.846 million.

According to the official data, Rs 1.798 million out of Rs 8.992 million allocations have been released for exploration and evaluation of metallic minerals in Bela and Uthal areas of district Lasbella, Balochistan.

While funds amounting to Rs 722.134 million, have been provided for the supply of gas to various localities in NA-112 of Sialkot; NA-132 of District Sheikhupura; and PK-27, Mardan.

This year, the government has earmarked Rs 415.807 million for acquisition of four drilling rigs with accessories for the Geological Survey of Pakistan; Rs 37.977 million for appraisal of newly discovered coal resources in Badin and its adjoining areas of Southern Sindh; Rs 3.492 million for exploration of tertiary coal in Central Salt Range of Punjab; Rs 387.421 million for supply of gas to Baddhomali Town of district Narowal; Rs 300.402 million for provision of gas to various villages of NA-129 of District Lahore; Rs 250 million for gas supply to NA-04 of Peshawar; Rs 252.317 million for gasification of localities in NA-29; NA-30 and NA-31 of Swat and Shangla, besides Rs 614.394 million to provide gas to Srikot Union Council of district Haripur.


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