Day: May 22, 2020

ISLAMABAD, Pakistan — A Pakistan International Airlines plane with at least 91 people aboard crashed on Friday in a residential area near the airport in Karachi, Pakistan’s largest city, officials said. The plane, Flight 8303, an Airbus A320, was en route from the eastern city of Lahore to Karachi and crashed at 2:37 p.m., officials said. No information about casualties was immediately available, and there were conflicting reports about how many people had been on the plane. Initial news reports said the plane had skidded off the rooftops of several…

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ISLAMABAD:  The federal government on Wednesday allowed diverting Rs10 billion from the coronavirus relief funds to pay interest on loans taken to retire circular debt and approved terms of negotiations for debt restructuring to reduce electricity tariffs. Contrary to prime minister’s desire to reduce power tariffs by renegotiating terms of the deals, official documents suggest that there will be no meaningful relief, and instead, the consumers will be overburdened in the longer run. Headed by Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh, the Economic Coordination Committee (ECC)…

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ISLAMABAD: Amid the launch of the construction of Diamer-Bhasha dam, the government on Wednesday said the decision to build it as a ‘roller compact concrete (RCC)’ structure was based on 20-year intensive scrutiny of technical and geological reports and feasibility studies by an international panel of experts. Speaking at a news conference, Wapda chairman retired Lt Gen Muzammil Hussain said the project was initially among a list of 8-10 major projects identified by a Canadian consultant in the early 1980s and the choice for RCC dam was based on pre-feasibility…

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Onshore wind is now the leading renewable energy technology in the U.S., and it’s still knocking competitors out of the way. Last year wind overtook hydropower in total generation, and 2020 is on track to be a record year for new wind farm construction. But all other energy sources are losing ground to solar these days, wind included. Solar accounted for 40 percent of new U.S. generation capacity in 2019, its largest share in history. After 2020, solar’s lead over wind will widen rapidly in the U.S. market, Wood Mackenzie forecasts. Large-scale…

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May 20, 2020: The Oil and Gas Development Company Limited (OGDCL) has injected nine new wells, producing 137,230 Barrels crude oil and 5,562 Million Cubic Feet (MMCF) gas, in its production gathering system during three quarters of the current fiscal year. “As many as nine operated wells have been injected in the production gathering system viz., Qadirpur-14&61, Pasakhi Deep-4&5, Nashpa-9, Chanda-5, Qadirpur Deep X-1, TAY North-1and Uch-17A which cumulatively yielded gross crude oil and gas production of 137,230 barrels and 5,562 MMCF respectively, whereas installation of Electrical Submersible Pump at Pasahki-5…

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