ISLAMABAD: The Senate was informed Friday that the government imposed ban on setting up of new CNG stations in the country on 6th February 2008 but the government lifted the ban for establishment of new CNG stations in Balochistan on 8th August, 2008 which was again imposed by the government on 4th October, 2011.
Advisor on Petroleum and Natural Resources Dr. Asim Hussain told the House during question hour that during the period when the ban was lifted thirty-eight CNG stations were set up in Balochistan.
To another question, the Advisor clarified that OGDCL has not issued any Term Finance Certificates to raise funds to tackle circular debt.
He said that efforts to resolve the circular debt have been ongoing for quite some time. In this regard Ministry of Water and Power submitted a summary to Economic Coordination Committee proposing partial resolution of power sector circular to the TFC to be floated by PEPCO or the Power Holding (Private) Limited for eighty-two billion rupees.
To another question, the Advisor said that occurrences of gold and sliver have been reported from various parts of the country including Balochistan, Gilgit-Baltistan and Khyber-Pakhtunkhwa.
He said the estimated reserves of gold in Saindak Project are above sixty-three tons while in Reko Diq Project the gold reserves are above 1275 tons.
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