Day: February 21, 2020

PARIS: The Financial Action Task Force (FATF) on Friday decided to keep Pakistan on the greylist for another four months till June 2020. FATF authorities will review Pakistan’s implementation on the anti-money laundering watchdog’s recommendations during its next plenary meeting in June 2020. At the conclusion of its plenary meeting, the FATF stated Pakistan’s progress or implementation on its recommendations as ‘satisfactory’. It said that Pakistan had implemented additional nine recommendations put forward by the task force. “Pakistan’s political commitment has led to progress in a number of areas in…

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Turkmenistan plans to hold an international conference titled “TAPI – The Gas Pipeline for Peace and Cooperation” on Feb. 24-25 in Dubai, the UAE, Trend reports with reference to the Turkmenistan State News Agency. Turkmenistan”s Deputy Prime Minister Myratgeldi Meredov said earlier at a government meeting that an international forum to attract foreign investment in the country”s oil and gas industry will be held along with the conference. Representatives of major global oil and gas companies, financial institutions, research institutes and international organizations are expected to attend the event. Prospects…

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According to an official “The drilling began on 14th December 2019 at the Shale gas well, KUC-01 (Kunar Unconventional-1), is in progress. As of January 30, 2020 the well was drilled towards downward of 2,487 meters that will be taken to 3,910 meters in Chiltan formation,”interesting reading:  PTCL initiates its 1st Digital Learning Hackathon 2019 Presently, the Oil and Gas Development Company Limited (OGDCL) and United Energy Petroleum Limited (UEPL) are taking responsibility for shale gas & oil exploration projects in Sindh Province. A study, done in partnership with United States Agency…

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Who says inflation has risen in Pakistan, as the country was ranked the least expensive country in the world to live in,  revealed a report. As per the CEOWorld Magazine latest report, Pakistan was ranked the most affordable country on the globe out of 132 countries. Even war-torn countries such as Afghanistan and Syria were placed above Pakistan on the index. CEOWORLD based its assessment on a range of living costs, such as accommodation, clothing, taxi fares, utility, internet, the price of groceries, transport, and eating out. The rankings are based on five…

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ISLAMABAD: The federal cabinet on Thursday decided to keep gas and electricity prices unchanged for the next four months [till the announcement of next fiscal budget] and tasked the ministries concerned with reducing taxes on utility bills to provide some relief to the inflation-hit people. The prime minister, while presiding over a meeting of the cabinet, directed the Utility Stores Corporation (USC) managing director to get edible oil and ghee from the factories set up in the erstwhile Federally Administered Tribal Areas and Azad Jammu and Kashmir as these factories…

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