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Rs723.9m released for petroleum sector in two months

Rs723.9m released for petroleum sector in two months

ISLAMABAD: The government has released Rs 723.932 million for the Petroleum and Natural Resources Division under the Public Sector Development Programme (PSDP 2017-18) in first two months (July-August) against the total allocation of Rs 2992.846 million for the current fiscal year.

According to the official data, Rs 1.798 million, out of Rs 8.992 million allocation, have been released for exploration and evaluation of metallic minerals in Bela and Uthal areas of district Lasbella, Balochistan. While, funds amounting to Rs 722.134 million have been provided for supply of gas to various localities in NA-112 of district Sialkot, NA-132 of district Sheikhupura and PK-27 of district Mardan.

This year, the government has earmarked Rs 415.807 million for acquisition of four drilling rigs with accessories for the Geological Survey of Pakistan, Rs 37.977 million for appraisal of newly discovered coal resources in Badin and its adjoining areas of Southern Sindh, Rs 3.492 million for exploration of tertiary coal in Central Salt Range of Punjab, Rs 387.421 million for supply of gas to Baddhomali Town of district Narowal, Rs 300.402 million for provision of gas to various villages of NA-129 of district Lahore, Rs 250 million for gas supply to NA-04 of Peshawar, Rs 252.317 million for gasification of localities in NA-29, NA-30 and NA-31 of Swat and Shangla, besides Rs 614.394 million to provide gas to Union Council Srikot of district Haripur.