Month: February 2020

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 would become a 30mn t/yr market as early as 2020. The optimists—notably former prime minister Shahid Khaqan Abbasi—thought imports would help the nation escape energy shortages so severe and prolonged…

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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, Mr Bezos said the fund would begin distributing money this summer. Mr Bezos has an estimated net worth of more than $130bn, so the pledge represents almost 8% of his…

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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 industry by an enormous margin. In MOGAS, PSO’s volume growth over SPLY is 13.7% as compared to 3.8% of industry growth. PSO’s market share increased by 3.4% vs. SPLY. In…

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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 the National Medicine Policy, five year action plan was also devised for its implementation.He went on to say that regulatory system was also being made predictable and easy for growing…

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The government has planned to save 3 Million Tone Equivalent of Oil (33,000 MW) by 2025 through energy efficiency and conservation. READ MORE: Pakistani Premier warns of possible refugee influx from India “We are aiming  for conservation of 3 MTOE till 2025 (33000 MW of electricity) through conservation in industry, building and transport, said Managing Director  National Energy Efficiency and Conservation Authority, Dr Sardar Mohazzam while talking to The Nation here. He said that by June this year they will set the country’s first energy efficiency tribunal to deal with the matters…

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