The government is going to spend Rs. 581.812 million on four ongoing and two new petroleum sector projects under the Public Sector Development Programme (PSDP 2019-20) to achieve self-sufficiency in the energy sector.
According to official data, Rs. 433.852 million has been earmarked in the Public Sector Development Programme (PSDP 2019-20) for four ongoing schemes.
- Rs. 416.535 million will be spent to acquire four drilling rigs with accessories for the Geological Survey of Pakistan.
- Rs. 3.655 million will be used for the appraisal of newly discovered coal resources of Badin Coal Field and its adjoining areas of Southern Sindh.
- Rs. 10.553 million will be used to explore and evaluate coal reserves in Nosham and Bahlol areas of Balochistan.
- Rs. 3.109 million will be used for exploration and evaluation of metallic minerals in Uthal and Bela areas of district Lasbela.
An amount of Rs. Rs. 147.960 million has been reserved for two new projects, out of which Rs. 70 million will be utilized for the expansion and up-gradation of Pakistan Petroleum Corehouse (PETCORE) for its sustainable operations to facilitate oil and gas exploration research in the country, and Rs 77.960 million will be used for up-gradation of Hydrocarbon Development Institute of Pakistan (HDIP)’s POL testing facilities at Islamabad, Lahore, Multan, Peshawar, Quetta and ISO Certification of Petroleum Testing Laboratory at Islamabad.
Why Spent Why Not Invest ?
its same thing.