Rs288m released for six petroleum sector projects.


LAHORE -- The government has released funds amounting to Rs288.103 million during the first six months of the current fiscal year to execute petroleum projects under the Public Sector Development Programme (PSDP 2019-20), against the total allocation of Rs581.812 million. According to official data, an amount of Rs4.220 million was provided to explore and evaluate coal in Nosham and Bahlol areas of Balochistan, for which Rs10.553 million were earmarked in PSDP.

Meanwhile, Rs54 million were released against the allocation of Rs70 million for expansion and upgradation of Pakistan Petroleum Corehouse (PETCORE) to ensure its sustainable operations and facilitate oil and gas exploration research in the country. Similarly, a sum of Rs60.252 million was released for a project to upgrade Hydrocarbon Development Institute of Pakistan (HDIP)'s POL testing facilities at Islamabad, Lahore, Multan, Peshawar, Quetta and...

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