PIA & Reliance Petrochem Industries Pvt Ltd signed a MOU to safety on flight against Covid-19

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…

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Oil crisis looms in Pakistan

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…

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Renewable Power Heads for Its First Decline in Two Decades

Construction of new wind and solar farms is being delayed by factory closures, workers’ needs for social distancing and developers’ financial concerns as they emerge from the coronavirus crisis, according to research from the International Energy Agency. The world is set to add 167 gigawatts of renewable power capacity this year, 13% less than in 2019. It’s a reality check for…

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Circular debt: Govt carves out plan to reduce capacity charges

ISLAMABAD: The PTI government has carved out a unique master plan under which synthetic financing would be arranged to slice down capacity charges causing huge surge in circular debt. The circular… SLAMABAD: The PTI government has carved out a unique master plan under which synthetic financing would be arranged to slice down capacity charges causing huge surge in circular debt.…

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