Month: April 2020

Stocks in Asia Pacific were mixed on Wednesday as countries in the region continued to put measures in place to battle the coronavirus pandemic. In Japan, stocks saw a turnaround after an earlier slip, with the Nikkei 225 rising 2.13% to close at 19,353.24 as shares of index heavyweight Fast Retailing surged 7.7%. The Topix index also gained 1.59% to end its trading day at 1,425.47. Mainland Chinese stocks dipped on the day, with the Shanghai composite down 0.19% to about 2,815.37 while the Shenzhen composite slipped 0.156% to around…

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ISLAMABAD: An electric vehicle policy came up for discussion on Monday, and persistent differences in views between commerce ministry and climate change ministry continued to mar the smooth passage of the policy. The meeting presided over by Adviser to the Prime Minister for Commerce, Investment and Industries & Production Abdul Razak Dawood was attended by Minister for Science and Technology Fawad Chaudhry, Adviser to the PM on Climate Change Malik Amin Aslam and Adviser to the PM on Institutional Reforms and Austerity Dr Ishrat Husain. The meeting decided that the…

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Large numbers of people flocked to popular tourists sites and major cities across China over the country’s holiday weekend, despite warnings from health authorities that the risk posed by the coronavirus pandemic remains far from over. Images from the Huangshan mountain park in Anhui province on Saturday April 4 showed thousands of people crammed together, many wearing face masks, eager to experience the great outdoors after months of travel restrictions and strict lockdown measures. Such was the rush to get into the popular tourist spot, that at 7.48 a.m., authorities…

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The priority is to move ahead with the rapid financing instrument that Pakistan requested to fight the novel coronavirus pandemic, International Monetary Fund resident representative Teresa Daban Sanchez says in reply to questions. • Work continues on the $6 billion extended fund facility: statement • Pakistan authorities remain committed to the policies and reforms outlined under the EFF-supported program secured last year

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Successful commissioning of a few hydro projects in last two years has added 2487 MW of cheap and clean energy in Pakistan’s Grid and is reducing our reliance on expensive IPPs. After Mohmand Dam and Dasu Project as Pakistan is all gear up for a cracker of Diamer Basha Dam to commence in a few weeks time (despite Corona crisis) anti dam lobbies and IPPs-lead foreign vested groups have unleashed a propaganda against the Technical design of the dam. Diamer Basha Dam with capacity of 4500 MW power generation and…

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