Baluchistan to get Rs.3 billion

ISLAMABAD: Balochistan will get an additional revenue amounting to Rs.3 billion as gas sale agreement between the Oil and Gas Development Corporation Ltd. (OGDCL) and the Uch Power Ltd, in pursuance of the direction of Prime Minister Syed Yousuf Raza Gilani. The gas sale agreement was hammered out on Wednesday by the Committee appointed by Prime Minister a day earlier to resolve the issue of payment of royalty regarding Uch gas field to the Government of Balochistan within twenty-four hours.
The Prime Minister has further ordered immediate payment of this amount to the Balochistan Government.
This amount is in addition to the Rs. 3 billion which the Balochistan Government will receive from the Prime Minister’s own grant which he announced on Tuesday after meeting with a delegation from Balochistan headed by Chief Minister Balochistan.
The gas sale agreement was hammered out on Wednesday by the Committee appointed by Prime Minister a day earlier to resolve the issue of payment of royalty regarding Uch gas field to the Government of Balochistan within twenty-four hours.
The Committee headed by the Law Minister Farooq Naik, included as its members Secretary Petroleum, Secretary Finance and Principal Secretary to the Prime Minister.