Month: December 2020

Engro Foundation honours COVID- 19 frontline heroes in first-ever virtual IATC Awards

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Karachi, Thursday December 10, 2020: Engro Foundation, the social investment arm of Engro Corporation, has recognized the achievements of Pakistan’s COVID-19 frontline heroes and announced eight recipients of its flagship I Am The Change (IATC) Awards. Amidst the global pandemic, the IATC 2020 invited frontline workers, who could be self-nominated or nominated by supervisors/head of organizations, to share their inspiring impact stories and how they have been able to create community impact in the fight against COVID-19. More than 100 applications were received in five categories for a chance to…

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LNG tankers heading to Britain, Belgium and the Netherlands

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The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming weeks. Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are updated below. Some tankers heading for Belgium and Britain may be loading at the terminal. Those expected to load are indicated with an (L). Those likely to perform ship-to-ship transfers are indicated with (STS). Tankers that have docked are indicated with (A).

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TAP pipeline explores feasibility of blending hydrogen

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MILAN: Developers of the Trans Adriatic Pipeline (TAP) have started feasibility studies on blending hydrogen with the natural gas the pipeline will bring in from Azerbaijan, the TAP head said. “The company has kicked off a technical study and we hope to be in a position to make a first assessment by the end of June next year,” TAP managing director Luca Schieppati told Reuters on Wednesday. TAP is the final leg of a $40 billion project named the Southern Gas Corridor, which will carry 10 billion cubic metres of…

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Next five years’ economic growth not encouraging

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ISLAMABAD: With the highest population growth rate in the region, Pakistan is already the fifth most populous nation in the world but the economic growth outlook at least for the next four to five years is not encouraging. “Pakistan needs a high economic growth rate, 7-8 per cent, for the next 30 years to absorb the new entrants to the labour force,” said a summary of the Population Situation Analysis (PSA) launched by the Ministry of Planning and Development, which was finalised with the support of international development partners. Speaking…

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World Bank approves $300m loan

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ISLAMABAD: The World Bank has approved a $300 million loan to help Pakistan address issues of climate change, health emergency and manage solid waste to reduce flooding chances in the largest city of the country. The Washington-based lender approved $200 million for the Sindh Resilience project and $100 million for the Solid Waste Emergency and Efficiency project, according to an official statement issued by the bank’s local office. These investments will bolster Pakistan’s efforts to build resilience to natural hazards such as floods and droughts in the Sindh province and…

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