Govt releases 91.6% of funds allocated under PSDP for petroleum projects.

ISLAMABAD -- The government has so far released around 91.6 percent funds against the total allocation of Rs1,8441.230 million to execute eight petroleum sector projects under the Public Sector Development Programme (PSDP 2020-21).

According to the official data as of February 26 that showed a slight readjustment in funds' allocation and releases, an amount of Rs1686.644 million had been provided for the timely and smooth execution of the projects.

As per the PSDP details, the government had earmarked an amount of Rs1,662.684 million for five ongoing projects, out of which Rs100 million were meant for 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, Rs303.160 million for supply of 13.5 Million Cubic Feet per Day (MMCFD) gas to Dhabeji Special Economic Zone, Rs1,153 million for the supply of 30...