Year: 2020

Power tariff relief for industries to be unveiled today

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ISLAMABAD: The government has decided in principle to announce on Tuesday a major relief package of the electricity tariff for general, small and medium industries to encourage higher power consumption and manufacturing. As part of the Industrial Support Package (ISP), two separate meetings of as many cabinet committees decided to offer incremental power consumption in industrial and SME sector at Rs8 per unit and do away with peak and off-peak rates. A cabinet member told Dawn that a formal approval to both decisions would be granted by the federal cabinet which is…

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The US election is a vote on climate change for the whole world

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The climate crisis has become a key issue not just for American voters in this US election — but people across the world. What the next president does or doesn’t do over the next four years will have a profound impact on the whether the world is able to avert the worst effects of climate change, scientists, policy makers and activists say. They say the world needs a US president who cares about climate change, for two main reasons. First, many nations take their cue from US policy, particularly on…

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The World’s Worst Public Transport System Attempts to Modernize

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Muhammad Ali Jinnah Road has always had its share of traffic, but lately the main thoroughfare that connects central Karachi to its major port is in a state of near constant gridlock. An elevated street eats up two of the road’s three lanes, but it’s empty — part of an incomplete project to create express lanes for public buses that was supposed to finish three years ago.It’s one of many towering structures scattered throughout the Pakistani city that were part of the latest plans to bring a modern transportation to Karachi, one of the…

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Man who correctly predicted US election winners since 1984 predicts Trump’s defeat

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Historian and American University professor Allan Lichtman, who has correctly guessed every United States presidential race winner since 1984, including Donald Trump’s surprise victory in 2016, has predicted that Trump will not get another term. Lichtman measures the chances of the winner based on his “13 keys to the White House” scale. The keys factor in the strength of the economy, incumbency, contests, policy changes, scandals, social unrest and even the charisma of the incumbents and challengers. As per the scale, if six or more of these statements are true,…

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CPI inflation clocked in at 8.9% in October

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CPI inflation has been recorded at 8.9 percent for October 2020, against 9.04 percent in September. Although general inflation reduced yet, food inflation is still in double-digit and has increased. Last year, in October 2019, the CPI was at 11.04 percent, the Pakistan Bureau of Statistics (PBS) on Monday reported. Average inflation of July-October 2020 was recorded at 8.86pc compared to 10.32pc in corresponding period of last year. In FY20, the average inflation was recorded at 10.74pc, with peak reading in January of 14.56 percent year-on-year. The latest CPI bulletin…

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