Sindh Chief Minister Murad Ali Shah has announced that businesses in the province will open four days a week from 9am to 3pm. As per details, the decision has been taken during a meeting of the Sindh cabinet which was chaired by Murad Ali Shah. It has been decided that all shops, including grocery and others will operate from Monday…
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As the world continues to grapple with the worst global pandemic in living memory, economists everywhere are warning that we are witnessing the unraveling of something far grimmer than the 2008 financial crisis: the Great Depression 2.0. The signs are legion: Unprecedented levels of job and capital destruction, decimated consumer spending, underperformance by nearly all major financial markets, and a…
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President Donald Trump returned to the lectern Thursday after a government scientist’s presentation about studies showing that sunlight, humidity and disinfectants kill the coronavirus on surfaces — in some cases within seconds. What Trump suggested next later sparked warnings from doctors and manufacturers of household cleaners. Bill Bryan, an undersecretary at the Homeland Security Department, told reporters during the White…
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US scientists say coronavirus dies the fastest when it is exposed to direct sunlight, though a study cited has not yet been made public and awaits external evaluation. William Bryan, science and technology adviser to the Department of Homeland Security, told reporters at the White House on Thursday that government scientists found ultraviolet rays had a potent impact on the…
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LAHORE: National Transmission and Despatch Company (NTDC), a company falling under the Ministry of Energy (Power Division), has prevailed in an international commercial arbitration initiated by an Iranian company (GAM ARAK Ind. Co.) in 2017 before an arbitral tribunal constituted under the rules of the International Chamber of Commerce (ICC), Paris. According to the NTDC spokesman, “In its detailed award released…
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But battery and storage technologies have had a hard time keeping up. And they are critical for any success in a carbon-constrained world that uses intermittent sources like solar and wind, or that worries about resilience in the face of natural disasters and malicious attempts at sabotage. This was pressed home this week by the Department of Energy’s decision to…
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Thermal power has had its day in India, the head of a national PV trade body has claimed after the Solar Energy Corporation of India (SECI) concluded what it called the world’s largest renewables-plus-energy-storage capacity tender. The procurement exercise was held to contract 1.2 GW of capacity in the form of assured supply of 600 MW of clean power for…
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The National Transmission and Dispatch Company Limited (NTDC) have won a major victory against an Iranian company in the international arbitration tribunal. The international arbitration court has ordered the Iranian company to pay Rs720 million in interest as compensation for leaving a project unfinished in Pakistan. The case between NTDC and the Iranian company was pending in the ICC International…
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RAWALPINDI: Pakistan’s military leadership has taken serious note of Indian aggression on the Line of Control (LoC) and irresponsible statements of their Indian counterparts.Director General Inter-Services Public Relations (ISPR) Major General Babar Iftikhar said this while speaking at a news briefing after a special conference of Principal Staff Officers chaired by Chief of Army Staff General Qamar Javed Bajwa here…
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ISLAMABAD: Asian Development Bank (ADB) has assured to provide $1.7 billion to Pakistan to fight the impacts of coronavirus.The assurance was given by the President of the bank during a virtual meeting with Minister for Economic Affairs Khusro Bakhtiar.The bank will approve $800 million budget support by June this year. It will provide the next tranche of $900 million by…
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