Rs1,329.92m released for petroleum sector projects

ISLAMABAD- The government has released funds amounting to Rs1,329.928 million during the first quarter of the current fiscal year to execute eight petroleum projects under the Public Sector Development Programme (PSDP 2020-21) against the total allocation of Rs1,786.160 million. According to the official data, the government has authorized/disbursed an amount of Rs 357.232 for the projects as of October 16. As per the to the PSDP details, the government has earmarked an amount of Rs 1,662.684 million for five ongoing projects, out of which Rs 100 million would be spent in expansion and up-gradation of Pakistan Petroleum Corehouse (PETCORE), Rs 6.524 million for exploration and evaluation of coal in Nosham and Bahlol areas of Balochistan, Rs 303.160 million for supply of 13.5 Million Cubic Feet per Day (MMCFD) gas to Dhabeji Special Economic Zone, Rs 1,153 million for the supply of 30 MMCFD gas at the doorstep (Zero Point) of Rashakai Special Economic Zone Khyber Pakhtunkhwa and Rs 100 million for up-gradation of HDIP’s POL testing facilities at Islamabad, Lahore, Multan, Peshawar, Quetta and ISO Certification of Petroleum Testing Laboratory at Islamabad.

Article source: https://nation.com.pk/19-Oct-2020/rs1-329-92m-released-for-petroleum-sector-projects