ISLAMABAD - Public Accounts Committee (PAC) was informed Thursday that OGRA had purchased substandard chemical for drilling of gas wells, which caused a loss of Rs7 billion to the national exchequer.

The committee meeting chaired by PAC Chairman Syed Khursheed Shah sought a complete report within a fortnight period. The committee was reviewing the audit objections of the Ministry of Petroleum division of year 2016-17.

Audit officials informed that the chemical for drilling of gas wells was found substandard after it was tested from the laboratory. This substandard chemical caused a loss of Rs7 billion to the national kitty.

Chairman PAC asked the concerned committee members to submit a complete report within 15 days.

Audit official further said that seventeen gas fields were causing loss to national kitty.  “Gas fields causing loss to national exchequer are closed throughout the world but the Ministry of Petroleum will yet to close these fields,” he said.

Managing Director (MD) OGDCL Zahid Mir informed that around 37-year-old gas fields were producing 20 million cubic feet. Secretary of Ministry of Petroleum said the ministry had asked the OGDCL to submit report of the planning on this matter.

The committee also disposed of matter regarding budget grant report of geological survey of Pakistan.