Staff Reporter
Islamabad
Out of total allocation of Rs 581.812, the government during first seven months of the of current fiscal year, has released around 50.4 percent to execute petroleum projects under the Public Sector Development Programme (PSDP 2019-20). Funds worth Rs 293.257 million have been released for seven ongoing and new projects, according to official data.
As per the available details, an amount of Rs 8.442 million has been provided to explore and evaluate coal in Nosham and Bahlol areas of Balochistan, for which Rs10.553 million have been earmarked in the PSDP.
While, Rs 54 million have been released against the allocation of Rs70 million for expansion and up-gradation of Pakistan Petroleum Corehouse (PETCORE) to ensure its sustainable operations and facilitate oil and gas exploration research in the country.
