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…
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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…
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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…
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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…
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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…
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Offshore drilling major Valaris became the latest victim of the crisis this week as it filed for bankruptcy in the U.S., proposing a swap of some $6.5 billion in debt that will see creditors become its owners. But it is just the latest headache for offshore drillers. There is more than $20 billion in offshore drillers’ debt still out there—and…
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China has launched two satellites today morning using Long March-2D carrier rocket, namely Gaofen-9 05 and Tiantuo-5 which can keep an eye on BRI including the CPEC (China-Pakistan Economic Corridor) initiatives of Beijing. China has successfully launched a new satellite named Gaofen-9 05 using its Long March-2D carrier rocket at 10:27 hours on Sunday (Beijing Time), agencies reported. The launch took…
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ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) on Friday approved planned divestment of seven percent government-owned shares in Oil and Gas Development Company Limited (OGDCL) and 10 percent shares in Pakistan Petroleum Limited (PPL) through public offerings. The CCoP meeting presided over by Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh also directed the Privatization Commission…
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ISLAMABAD: In an interesting development, the National Electric Power Regulatory Authority (Nepra) has returned to the National Transmission & Despatch Company (NTDC) the 27-year Indicative Generation Capacity Expansion Plan (IGCEP 2020-47) to get its approval from the government on the basis of preferred fuel mix and provincial shares. Strangely, the regulator also gave a list of about two dozen renewable plants with…
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When one suffers from a grand calamity, a possible way of rationalizing subsequent travails is by resorting to a search for reason in the mire of seeming chaos. With the current pandemic though, and the continued mysteries that envelop Covid-19, it is quite challenging to understand what the central takeaway is shaping up to be. Nonetheless, one of the tangential…
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