Trump ditches new tone on coronavirus to tout questionable theories

US President Donald Trump’s much heralded new tone on the coronavirus pandemic evaporated on Tuesday in a burst of misleading medical speculation, criticism for his own top virus expert, and praise for an eccentric preacher-doctor touting conspiracy theories. Just a week ago, Trump sought to get his shaky re-election campaign back on track by addressing national criticism of a leadership void in a crisis that has already killed nearly 150,000 Americans and wreaked havoc on the world’s biggest economy. The president admitted things were going to “get worse before they…

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Govt plans to probe fuel crisis: minister

ISLAMABAD: Federal Minister for Energy Omar Ayub Khan on Wednesday said the government planned to hold a thorough investigation into the fuel crisis, which occurred last month, to take the elements involved in hoarding and creating artificial shortage of the commodity to task.  “A commission has been formed by the federal cabinet in its last meeting,” the minister said, during the question hour session in the National Assembly.  Wondering where the stocks had gone, he noted the sales of petrol stood almost at 28% as compared to the corresponding period…

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Offshore wind power is now so cheap that UK wind farms could soon be paying back government subsidies

UK offshore wind farms are set to be the first in the world to have to pay to produce power in what researchers have termed an “astonishing development” for the once-expensive energy technology. A dramatic drop in the cost of offshore wind power, coupled with a slight rise in wholesale power prices, will likely mean the newest wind farms coming online will operate with “negative subsidy”. This means operators effectively paying the Government to generate power. As a leader in offshore wind, UK schemes are likely to be the first…

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Mansehra-Thakot Expressway of CPEC is open for traffic: Chairman CPEC authority

ISLAMABAD: China Pakistan Economic Corridor (CPEC) Authority Chairman and SAPM on Information and Broadcasting Lt Gen (R) Asim Saleem Bajwa Tueasday said that Mansehra-Thakot Expressway had been opened for traffic. In a message, he said that constructed with the cost of 136 billion, the 80-kilometer, two-way Mansehra-Thakot Expressway is extension of 40 km Havelian-Mansehra four-lane Motorway. He said that the CPEC had been making progress and so was Pakistan. Highway police and toll staff had been deployed, adding that decision had been taken to add the cost of Security in…

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I Recently Discovered How To Refrigerate Any Room In My House In Under 5-Minutes, WITHOUT Using My Home’s Costly AC

FOR THE PAST FEW YEARS, THE AIR CONDITIONER INDUSTRY HAD JUST 3 BIG COMPANIES THAT COULD SET ANY PRICES THEY WANTED AND KEPT RIPPING OFF CUSTOMERS.A genius startup is turning this $135 billion dollar AC industry on its head. The company called Blaux has figured out a way to offer a far superior product (even the biggest tech experts agree) at a fraction of the price.With the national weather services reporting that it is going to be a SUPER HOT SUMMER, maybe one of the hottest for decades. Their new…

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Fed govt plans to sell shares of OGDCL, other petroleum companies

ISLAMABAD: Federal Minister for Privatization Muhammad Mian Somroo on chaired a meeting of the privatization board and mulled over selling shares of Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL) and Mari Petroleum Company Limited, ARY NEWS reported. The meeting mulled over the divestment plan for the three companies while deferred a plan to sell shares of Pakistan Engineering Company Limited (PECO) by August 20 and decided to move ahead on it after consultations with industries and commerce ministry. The meeting headed by Muhammad Mian Somroo mulled over…

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PSO’s shareholding in PRL increases to 63.56%

July 29, 2020 (MLN): Pakistan State Oil (PSO) has paid an amount of Rs. 224,590,280 to Pakistan Refinery Limited (PRL) for the subscription of 22,459,028 shares which remained unsubscribed as part of the right issue made by the latter. This is in addition to PSO’s subscription of its own 60% portion of Right Shares in PRL. As a result of the aforementioned acquisition, PSO’s shareholding in PRL has increased from 60% to 63.56%. PSO now holds 378,000,000 ‘Class B’ shares and 22,459,028 ‘Class A’ shares in PRL. It is pertinent to…

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Tania Aidrus was sacked, did not resign

ISLAMABAD: Tania Aidrus, special assistant to the prime minister on e-governance and head of the much-touted Digital Pakistan Vision initiative, has announced to resign from her post citing recent criticism levelled against her and the government due to her dual nationality. Sharing the signed resignation letter on her Twitter page, she wrote, “Criticism levied towards the state as a consequence of my citizenship status is clouding the purpose of Digital Pakistan. In the greater public interest, I have submitted my resignation from the SAPM role. I will continue to serve my…

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23 countries where money can buy you a second passport or ‘elite residency’

The Second Citizenship Survey 2017 from CS Global Partners found that 89% of people would like to own a second passport, and over 34% said they had looked into investing in a second citizenship. Even more striking were the 80% who said they would be willing to invest or donate 5% of their annual salary for a second citizenship — more than they spend on monthly rent. Luckily, a number of countries offer Citizenship by Investment (CIP) programs where money — normally invested in real estate — can actually buy…

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Perfect Timing? China Announces Hydropower Megaprojects In Pakistan

Few global projects receive the same amount of praise and criticism as China’s Belt and Road Initiative (BRI) does. Regardless of one’s opinion, the BRI is President Xi’s signature foreign policy project with magnanimous allure. According to Morgan Stanley, overall expenses could reach $1.2-1.3 trillion by 2027. Beijing has invested significantly not only in financial terms but also politically. In this context, the success of the China-Pakistan Economic Corridor (CPEC) is essential to showcase Beijing’s model of development. The CPEC was announced in 2013 in response to the countries’ economic needs and…

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