E-commerce giant Amazon has announced its plan to develop five new renewable energy projects in China, Australia, and the U.S. This latest initiative is a part of Amazon’s commitment to achieving 80% of its power requirements by renewable energy by 2024 and net-zero carbon target by 2040. Amazon has announced that it was planning to make 50% of all of…
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KARACHI — In a move that has seriously displeased India and tightened economic relations with China, Pakistan has awarded a contract to a Chinese-Pakistani joint venture to build a dam in the long-disputed Kashmir region. The initial phase of the Diamer Bhasha dam project, worth 442 billion Pakistan rupees ($2.75 billion), has been awarded to a joint venture between Power Construction…
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slamabad has been bandying the China-Pakistan Economic Corridor (CPEC) as the ultimate panacea that will solve all financial woes of Pakistan. And since it dubs CPEC as a “game changer for the region,” it doesn’t take very kindly, any contrarian views on this issue. Islamabad’s extreme sensitivity to any comments describing the unfavourable terms and conditions of CPEC project as a ‘sell-off’…
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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.…
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Green Algae blooms are popping up more often on Antarctica’s white snow because of warming temperatures.
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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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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…
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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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Nearly 70 percent of businesses in Dubai expect to close within the next six months due to the coronavirus pandemic, according to a survey by the Dubai Chamber of Commerce. The survey released on Thursday said that more than 90 percent of the companies said they registered a decrease in sales and turnover in Q1 2020 due to the COVID-19…
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25 new power projects by Independent Power Producers (IPPs) are under construction in various parts of the country and will add up to 12,464 megawatts of electricity to the national grid by 2028. The state-run news agency, APP reported this, quoting sources within the Power Infrastructure Board (PPIB). The board was set up in 1994 to promote private investments in…
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