Govt Releases Rs296.10 Million To Advance Nine Petroleum Sector Projects
Sumaira FH Published December 08, 2022 | 12:50 PM
ISLAMABAD, Dec 8 (UrduPoint / Pakistan Point News - 8th Dec, 2022 ) :The government has released funds amounting to Rs296.10 million to advance nine ongoing petroleum-related projects during the first four months of the current fiscal year under the Public Sector Development Programme (PSDP 2022-23) against a total allocation of Rs1.48 billion.
Out of the total disbursement of Rs296.10 million, around Rs11.44 million have been spent on petroleum projects to accelerate oil and gas exploration activities during a four-month period (July-October 2022), according to official data available with APP.
As per the PSDP document, the incumbent government earmarked Rs150.560 million for the establishment of the National Mineral Data Centre (NMDC) Directorate General of Minerals, Rs303.700 million for expansion and up-gradation of Pakistan Petroleum Corehouse (PETCORE) for its sustainable operations to facilitate oil and gas exploration research in Pakistan (HDIP), Rs100 million for Geological Mapping on 50 Toposheets, out of 354 unmapped Toposheets of Outcrop Area of Balochistan Province, Rs70 million for Legal Consultancy Services for drafting of Model Mineral Agreement and updating of Regulatory Framework (Federal and Provincial Minerals/Coal Departments) and Rs 200 million for Pakistan National Research Programme on Geological Hazards (Earthquakes and Landslides) - Data Acquisition along Active Faults and Identification of Potential Landslides Hotspot Zones.
Similarly, the government specified Rs 224.809 million for strengthening and up-gradation of Karachi Laboratories Complex (KLC) at HDIP Operations Office, Karachi, Rs100 million to supply 10 MMCFD gas/RLNG at doorstep (zero point) of Bostan Special Economic Zone, Balochistan (SSGCL), Rs 74.705 million to supply 13 MMCFD gas/RLNG at doorstep (zero point) of Bin Qasim Industrial Park Special Economic Zone, Sindh (SSGCL) and Rs256.735 million to supply 40 MMCFD gas/RLNG at doorstep (zero point) of Allama Iqbal Industrial City Special Economic Zone, Faisalabad (SNGPL).
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Business
-
Finance minister reviews progress on FBR digitalization
3 hours ago -
US stocks rebound on tech earnings, London hits new record
3 hours ago -
US approves gene therapy treatment for hemophilia
3 hours ago -
KATI president for inclusion of agri sector in tax net
3 hours ago -
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
5 hours ago -
Police to take every step for security of business community: IGP
5 hours ago
-
WB director, Planning minister discuss reforms in development projects
5 hours ago -
IP rights crucial in achieving SDG : Jam Kamal
6 hours ago -
FBR’s data protection efforts commended by OECD assessment team
6 hours ago -
US stocks rebound on tech earnings, London hits new record
7 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
7 hours ago -
SBP to announce monetary policy on April 29
7 hours ago