KARACHI: A landmark achievement has been accomplished at Jagran – II HPP where FWO devised a strategy to excavate the upstream with downstream portions of the Main Headrace Tunnel by carrying out excavation from both ends in opposite directions and meeting in the middle. This happened on 27 January 2021 when the milestone of meeting the two tunnels with a…
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Federal mining licensors at Nigeria’s Mining Cadastre Office (MCO) are looking to February 12 to commence the revocation of some 2,763 mineral titles whose holders have failed to pay outstanding yearly service fees in a new aggressive revenue drive designed to swell government’s coffers in 2021. The titles at risk of federal axe represent 25 per cent of the total 10,959 mining…
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Islamabad, February 01, 2021: Mr. Lesslie C. Viguerie, Deputy Assistant Secretary of State for Pakistan Affairs called on Federal Minister for Energy, Mr Omar Ayub Khan at the Ministry of Energy this afternoon. Mr. Omar Ayub gave an overview of Pakistan’s Energy Sector and the present Government’s earnest endeavours in reforming the energy sector of the country. The Minister said…
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General Motors is joining a move by global automakers to shift away from fossil fuel-powered vehicles, with plans to sell only zero-emission cars and trucks by 2035 and be fully carbon neutral by 2040. The auto giant, which has an even more aggressive timetable than rivals Ford and Volkswagen, makes the shift as the Biden Administration prioritizes dramatic cuts in…
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Ever heard of the Climate Club? It has extremely expensive dues, but you might find it worthwhile to pay them, because the cost of not joining is even higher. Nations that belong to the club welcome all comers (the carrot) and punish those that don’t join (the stick). The Climate Club has one mission: to save the planet by driving…
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Where many sectors may witness recovery in profits in 2QFY21 (Oct-Dec 2020) as the economic activity rebounded and they came out of the COVID-19 restrictions, the oil and gas exploration and production sector will be under duress due to the continuing weak crude oil prices, subdued hydrocarbon exploration and production activity, and also currency appreciation in the quarter. Pakistan Oilfields…
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ISLAMABAD: The government is currently weighing option to form local arbitration court, based on three local judges of the Supreme Court to resolve the issue of excess profits of Rs53 billion, allegedly minted by 6 important IPPs and the Attorney General of Pakistan (AGP) will update the Federal Cabinet to this effect. ‘And if the Federal Cabinet, that meets tomorrow…
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ISLAMABAD: In a positive development, 41 out of 47 IPPs that signed MoUs with the government in August 2020 have so far initialed master agreements, paving the way for their discounted tariff of Rs 836 billion in next 10-12 years. Six IPPs are still away in the wake of a dispute over resolution of excess profits of Rs53 billion from…
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Amazingly, the pace of inflation slowed down to 5.7% in January, which was the lowest rate in over two years, due to smooth supplies of perishable food items and abnormally high inflation rate in the same month a year ago. It was the consecutive fourth month that the inflation pace was on a downward trajectory. “Inflation continues to decline. January…
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Pakistan was ranked second in the list of countries with the worst air quality in 2019 by a Swiss air quality technology company. Lahore and Karachi often compete for the first position in the list of the world’s most polluted cities on the company’s website. These rankings are based on the Air Quality Index (AQI), which is based on the…
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