Day: August 24, 2020

Economy on right track, says Imran as he reveals current account surplus of $424m in July

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Prime Minister Imran Khan on Monday said the country’s current account balance had recorded a surplus of $424 million in July, signalling that the economy was “on the right track”. Hailing the development in a message on Twitter, the premier noted that in July last year, Pakistan had a current account deficit (CAD) of $613 million while last month the deficit stood at $100m. He attributed the “strong turnaround” in the current account balance to “record remittances” and “continuing recovery in exports, which rose [by] 20 per cent compared to…

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OGDCL discovers oil and gas reservoirs in Kohat

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The Oil and Gas Development Company Limited (OGDCL) on Monday announced to strike an oil and gas discovery at Togh Bala Well-1 in district Kohat of Khyber Pakhtunkhwa province. According to initial reports, at least 9 Million Standard Cubic Feet per Day (MMSCFD) gas and 125 barrel condensate oil per day were recovered from the well. The exploration was carried out by the OGDCL in collaboration with Mari Petroleum Company Limited (MPCL) and Saif Energy Limited (SEL), said a news release issued here. The public sector company said it was…

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New Power Source: Neutrinovoltaic Energy

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One of the most exciting things about technology is that it is always advancing thanks to brilliant minds that are always curious and hungry for more. When a new milestone is achieved and a once-inconceivable idea takes shape—and even begins to hit the mainstream—it almost feels like things can’t evolve further. But they can, and they do. Take electricity. People have continued to advance ways of producing, distributing, installing and using electricity. And it’s been nearly 300 years. The electricity we use features a dual character—both a basic part of…

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Chabahar-Gwadar connectivity to strengthen regional cooperation

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gawadar port

SLAMABAD: A group of diplomats and foreign relations experts from the Islamic Republic of Iran and Pakistan, stressing the use of capacities of regional economic organizations to strengthen bilateral and multilateral relations said cooperation between Iran’s Chabahar and Pakistan’s Gwadar ports would enhance ties between the two states. They expressed the views during a Webinar on the “Iran-Pakistan Economic Partnership in the Post-Corona era” hosted by Golden Ring Economic Federation (GREF) in Lahore with the cooperation of the Embassy of the Islamic Republic of Iran here Saturday. “Mashallah Shakeri”, Advisor…

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Trump without evidence accuses ‘deep state’ at FDA of slow-walking coronavirus vaccines and treatments

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President Trump on Saturday baselessly accused the Food and Drug Administration of impeding enrollment in clinical trials for coronavirus vaccines and therapeutics for political reasons, as he broadened and escalated his attacks on administration scientists. “The deep state, or whoever, over at the FDA is making it very difficult for drug companies to get people in order to test the vaccines and therapeutics,” he said on Twitter. “Obviously, they are hoping to delay the answer until after November 3rd. Must focus on speed, and saving lives!” He tagged FDA Commissioner…

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