Debt, Zombies, And Geopolitics: China’s Belt And Road Initiative During COVID

The Belt and Road Initiative (BRI) has been a focal issue for understanding the foreign policy of the People’s Republic of China (PRC). Some observers view the BRI as representing a new phase of economic globalization and regional economic integration. Others argue that the BRI’s primary motivating factors are domestic and that the massive program is chiefly aimed at creating…

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Govt likely to cut petrol price by Rs2 per litre

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has worked out a reduction in the prices of petroleum products (POL) for the upcoming month of October 2020. According to sources, OGRA has forwarded its working paper regarding the next month’s oil prices for necessary feedback. The final decision will be announced by the finance ministry on 30th September (tomorrow) after getting…

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Govt formulating shale gas policy to attract foreign investors

ISLAMABAD: The Petroleum Division is in the process of formulating a vibrant policy to exploit massive shale gas and oil reserves by attracting multinational companies in the exploration sector of the country. According to a latest official document available with APP, the Shale Gas Policy will attract many multinational companies to come to Pakistan for undertaking exploration to discover Shale gas…

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UK trials hydrogen-powered train in latest step forward for transport innovation

Trials of a hydrogen-powered train are underway in the U.K. with an initial journey successfully completed between the locations of Long Marston and Evesham in the West Midlands region of England. The HydroFLEX train — which has been developed by a team from the University of Birmingham and Porterbrook, a rolling stock firm — uses a fuel-cell which combines hydrogen…

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Auto DraftDrastic measures proposed to contain circular debt

ISLAMABAD: The Power Division on Tuesday took the Federal Cabinet in confidence over a string of measures to contain pace of increase in the circular debt and suggested some unpopular proposals for curtailing capacity payments to independent power producers (IPPs). The cabinet meeting chaired by Prime Minister Imran Khan took a special briefing from Planning and Development Minister Asad Umar…

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