Pakistan’s hope that the growth of LNG imports would relieve energy-induced constraints on economic growth has been dashed by project delays. Instead, it has turned to the IMF for economic help and coal to relieve energy shortages When Pakistan began importing LNG in March 2015, marking its first imports of natural gas in any form, some hoped that the country…
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Amazon boss Jeff Bezos has pledged $10bn (£7.7bn) to help fight climate change. The world’s richest man said the money would finance work by scientists, activists and other groups. He said: “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change.” Writing on his Instagram account,…
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LAHORE: Construction work on Dasu Hydropower Project is gaining momentum and it will start generating electricity in the second half of 2024, said Water and Power Development Authority (Wapda) Chairman Muzammil Hussain. During his visit to the project site on Monday, the chairman said that the issue pertaining to rates of land needed for the project had been resolved following support…
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February 18, 2020: Pakistan State Oil (PSO), the leading oil marketing company of the country, convened its Board of Management (BoM) meeting to review the performance of the company during the first half of the financial year 2019-20. Despite unfavourable market conditions in the industry and many challenges, PSO remained focused on regaining market share and volumetric growth and outperformed the…
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Advisor to the Prime Minister on National Health Dr Zafar Mirza on Wednesday said that the government has already completed work on National Medicine Policy aimed at reforming the pharmaceutical industry of the country which would be announced in next two weeks. Addressing at 5th Pharma Summit organized by the Pakistan Pharmaceutical Manufacturers’ Association (PPMA) here, the Advisor said that besides…
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After on Friday OPEC slashed its oil demand outlook for this year by 230,000 bpd, the Energy Information Administration followed, revising its global oil demand forecast by as much as 378,000 bpd on the back of the Chinese coronavirus outbreak.close [x]PauseUnmuteLoaded: 39.67%Remaining Time -2:15Picture-in-PictureFullscreen The authority said it expected the outbreak to reduce China’s oil demand by some 190,000 bpd this year due to…
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A Dubai-based operator of ports and terminals around the world is returning to full state ownership with a proposed transaction and a subsequent delisting from Nasdaq Dubai.PauseUnmuteLoaded: 70.04%Remaining Time -1:32Picture-in-PictureFullscreen This could be one of the latest signs that the oil-rich countries in the Middle East are still struggling to shore up budgets and finances in the aftermath of the 2014 oil…
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