Month: December 2020

Pfizer and BioNTech say they’ve won permission on Wednesday for emergency use of their Covid-19 vaccine in Britain, the world’s first coronavirus shot that’s backed by rigorous science — and a major step toward eventually ending the pandemic. The move makes Britain one of the first countries to begin vaccinating its population as it tries to curb Europe’s deadliest Covid-19 outbreak. British Prime Minister Boris Johnson said it was “fantastic” that the country’s medicines regulator had formally authorised the Pfizer-BioNTech vaccine for use, a move that he said would get…

KARACHI: The country’s exports in November rose 7.2 per cent year-on-year to $2.156 billion from $2.011bn in November 2019, Adviser to PM on Commerce and Investment Abdul Razak Dawood said in a tweet on Tuesday. Exports during the month under review were highest in 30 months since peaking at $2.227bn in May 2018. “I would like to share that in absolute value, our exports have increased to $2.156bn in November as compared to $2.011bn in November 2019. For the first five months of the current year, the exports have increased…

KARACHI: Various industrial areas in the city are facing severe low gas pressure despite the federal government’s assurance of uninterrupted gas supply in winter, heads of industry associations said on Tuesday. President SITE Association of Industry Abdul Hadi said the area is still deprived of consistent and committed gas pressure due to which many industrial pockets are struggling to meet export orders which surged after Covid-19 lockdowns were lifted. The federal government had committed in October to provide consistent supply of gas to Karachi industries at substantially increased tariff by…

The project agreements for construction of Azad Pattan Hydropower Project, under the China-Pakistan Economic Corridor (CPEC), were signed on Tuesday. With an investment of over $1.35 billion and 700.7 megawatts of electricity, the Azad Pattan Project involves no fuel import and will enable the country to move towards cheaper and greener power generation. The agreements, including the implementation agreement and water use agreement, were signed by Azad Jammu and Kashmir (AJK) Electricity Secretary Zafar Mahmood Khan and Azad Pattan Power Private Limited CEO Li Xiaota. The government of Pakistan implementation…