FPCCI marks 50th anniversary of International Earth Day

[8:30 PM, 4/23/2020] Naeem Energy Update: Pakistan lacks guidelines for running a special system to safely dispose of infected trash and clinical waste being generated by the isolation and quarantine centres and hospitals across the country where the patients of Covid-19 are being kept and treated as this issue could create a serious health and environmental emergency in the country.…

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Find out why it could be a bumper year for baby birds in Europe

With pollution levels in Europe plummeting as millions of people are forced to remain indoors under the COVID-19 lockdown, cities are gradually seeing more animals and birds becoming bolder. The nesting season has gathered pace and birds stand to benefit most from the quieter parks and streets. There’s currently no shortage of ideas for how to spend those hours locked…

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The battered $700 billion US energy industry is now worth roughly half of Microsoft amid oil’s record plunge

The US energy sector is now roughly half the size of Microsoft as plummeting prices put pressure on shares of oil producers. The combined market capitalization of energy companies in the S&P 1500 energy sector is $700 billion, compared with Microsoft’s $1.4 trillion market cap, Bespoke Group first reported on Monday. The beleaguered energy sector’s total value also sits just over half of Amazon and Apple, both of which…

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Jobs keep disappearing in US oil and gas industry

Washington: The oil and gas industry shed nearly 51,000 drilling and refining jobs in March, a 9 per cent reduction that is likely to get worse as futures prices fell into negative territory. March’s job losses rise by 15,000 when ancillary jobs such as construction, manufacturing of drilling equipment and shipping are included, according to BW Research Partnership, a research…

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Getz Pharma becomes first organization to screen all employees and workers’ families

KARACHI: Getz Pharma is proud to announce that it is the first and only organization in Pakistan to have taken the initiative of testing each and every employee for Covid-19, and to close its factory and head office in Karachi, completely, till every employee has been tested. “Getz Pharma Cares for your health has been the vision and mission from the…

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Pakistan seeks LNG supplies for next six to 24 months on fixed price

ISLAMABAD: The Cabinet Committee on Energy (CCOE) on Monday rejected the proposal for invoking clause of forced majeur for supply of LNG contracts keeping in view the reduced prices in the international market. However, the highest forum of CCOE approved to authorize PSO/PLL to negotiate with ENI and Gunvor for fixed price of supplies for the next six to 24…

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Irregularities in power sector caused over Rs4 trillion loss to national kitty

During the last 13 years the national kitty faced loss of over Rs4 trillion due to circular debt and subsidies being given to power producers, the power sector inquiry report released on Tuesday. It said that 16 independent power producing companies (IPPs) invested around Rs60 billion and earned over Rs400 billion in profits in a period ranging from two to…

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