Govt releases Rs1,949.72m for 13 petroleum sector projects

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The government has released funds amounting to Rs1,949.72 million to execute seven ongoing and six new petroleum-related projects during the first 11 months of the current fiscal year under the Public Sector Development Programme (PSDP 2021-22) against a total allocation of Rs3,249.54 million.

Out of the total disbursement of Rs1,949.72 million, around Rs586.54 million have been spent on petroleum projects to accelerate oil and gas exploration activities and achieve self-sufficiency in the energy sector, according to official data available.—APP