Day: May 23, 2020

WASHINGTON, DC: The Pakistan has shown a gesture of solidarity with the United States by sending a gift of Personal Protective Equipment (PPE) to the United States Armed Forces, Friday. The PPE dispatched by Armed Forces of Pakistan arrived via a C-130 flight from Islamabad at Andrews Air Force Base (AFB), Maryland. Pakistan Ambassador to the US Dr. Asad M. Khan and senior officers of the Embassy’s Defence Wing were present on the occasion. From the U.S. side, David Helvey, Acting Assistant Secretary of Defense for Indo-Pacific Security Affairs and…

Read More

Green Algae blooms are popping up more often on Antarctica’s white snow because of warming temperatures.

Read More

Islamabad: Pakistan International Airlines (PIA) and Reliance Petrochem Industries Private Limited signed a Memorandum of Understanding (MOU) to ensure PIA passengers safety on flight against Corona virus. Reliance Petrochem Industries Private Limited manufactures sanitization products based on specifications and guidelines provided by WHO. Reliance will provide its premium quality Aerosol Sanitization Spray Canes to all PIA passengers on board free of cost starting from June 2020. Reliance is the only manufacturer of sanitization products that is offering aerosol sanitization sprays and the first one in Pakistan to follow WHO standards…

Read More

Bahri, the shipping arm of Saudi Aramco, has suspended plans to charter a dozen tankers for liquefied natural gas (LNG) for a U.S. export project in which it is a minority partner, after the majority owner of the project postponed the final investment decision, sources told Reuters on Thursday. The Saudi oil giant has an agreement from last year for LNG offtake and a participation of 25 percent in the Port Arthur LNG project in Texas, as part of Aramco’s ambition to become a global natural gas player. Last year,…

Read More

ISLAMABAD:  Pakistan might have to face shortage of petroleum products if refineries opt to cut production due to cheaper imports by Pakistan State Oil (PSO), leading to negative margins. Oil refineries have informed the government that they have faced inventory losses worth Rs31 billion in March and April following lockdowns that shook global oil markets. They also informed the government that slowdown/shutdown of any refinery in the country would have serious implications including product shortage/dryouts, port constraints and heavy strain on the country’s precious foreign exchange due to import substitution.…

Read More