Month: June 2020

The federal cabinet decided on Tuesday to resume phase-wise international flights for repatriation of overseas Pakistani nationals. During the meeting, presided by Prime Minister Imran Khan, relevant authorises were directed to make an ‘action-plan’ regarding flight operations. The premier said that overseas Pakistani nationals would not be left alone in this difficult time. “Millions of citizens had lost their jobs due to the pandemic and that the government is ready to help its compatriots.” It has has been decided that unemployed workers and labourers would be repatriated in the initial…

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Few markets have been hit harder by coronavirus than United States shale. While global oil prices as a whole have taken quite a beating from a fall in oil demand, a deficit of oil storage, and an oil-price war between the OPEC+ leading members of Saudi Arabia and Russia, the Brent international crude benchmark never went negative. In the United States, it was a different story. Not only did the West Texas Intermediate (WTI) crude benchmark dip below zero on April 20, it plummeted to nearly $40 below zero per…

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In its annual report World Energy Investment 2020, published late last month, the International Energy Agency describes ‘drastically altered’ energy markets in the wake of the Covid-19 Pandemic. It documents the largest fall in energy sector investment ever and uncovers historic shifts along the way, such as that for the first time ever there will be more consumer spending on electricity than on oil. More crucially, it asserts that the sudden fall in investment flows, in all energy sectors, leaves a troubling legacy for the future, for conventional and for ‘clean’…

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ISLAMABAD: The Imperial College London’s algorithm creates the picture that Pakistan will reach the peak on August 10, 2020 on which day around 80,000 deaths will occur. The research is sponsored by the UK government which shows the projected deaths from coronavirus in case of lockdown or otherwise in different countries, except the US and the UK. The website says about Pakistan that if it imposes 32 percent lockdown from February 27 to July 11, i.e. for 135 days, then August 04 will be the peak day with 13,570,000 people…

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Lahore, June 14, 2020: The Sindh High Court has ruled in favor of Gas & Oil Pakistan Ltd. (GO) in the company’s case against government agencies over harassment. The decision comes in lieu of the recent fuel crisis and the alleged involvement of OMCs amongst which GO is included. According to details, GO approached the Sindh High Court on June 12th, 2020 in view of the actions of various government agencies which were unjustified and amounted to harassment of its employees. The Sindh High Court ruled in GO’s favor based…

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