Petroleum sector gets Rs1,949.72m funds for 13 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 first nine 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 Rs355.39 million have been spent on petroleum projects during a nine-month period (July-March) of the current fiscal year to accelerate oil and gas exploration activities and achieve self-sufficiency in the energy sector, according to official data available with APP.—APP

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