US extends invitation to Pakistan for climate change summit

After initially excluding it from the list of attendees, the US has invited Pakistan to President Joe Biden’s Climate Change Conference, Geo.tv reported on Monday. Following Pakistan’s initial exclusion from the summit, Prime Minister Imran Khan had responded by saying he was “puzzled at the cacophony”. “[Pakistani] government’s environmental policies are driven solely by our commitment to our future generations of a clean and green Pakistan to mitigate the impact of climate change,” explained the PM. The prime minister had said that this commitment led to initiatives such as Green Pakistan, 10…

Read More

Engro Fertilizers Posts An Unexpected 907% Increase in Profits

According to the notification to the PSX, the company booked a profit of Rs. 5.74 billion, increasing by a massive 907 percent or 9.07x compared with Rs. 570.76 million profit earned in Q1 2020. The earnings were above the market expectations due to better DAP trading margins and lower finance costs. According to a report by Foundation Securities, the increase in 1QCY21 profitability was due to higher Urea/DAP offtake, better Urea retention prices, increased profitability from fertilizer trading business, and decline in finance cost. Along with the result, the company…

Read More

Muslim world’s collective voice, not protests to end blasphemy: Imran Khan

Prime Minister Imran Khan Monday said the whole Muslim world’s collective voice and threat for trade boycott could put a stop to blasphemy as protest demonstrations would damage nothing but Pakistan’s booming economy. Will expulsion of the French ambassador and cutting ties with them will stop this (blasphemy)? Is there any guarantee that no one will do it again? I know the West, if Pakistan does it (expels the French envoy), some other European country will do it again in the name of freedom of expression,” the prime minister said…

Read More

Pakistan: No talks with defunct organization challenging writ of state: Fawad

Federal Minister for Information and Broadcasting, Chaudhry Fawad Hussain on Sunday categorically stated that no talks would be made with lawbreakers and defunct organizations challenging the writ of the state. The workers of TLP had been involved in attacking Nawan Kot police station and abducting police personnel, he said talking to a private television channel. The defunct organization could not challenge the writ of the government, he said adding that no one would be allowed to take the law into their hands. The ruling party believed in a consensus being…

Read More

Gas companies resist allocation of pipeline capacity to new terminals

LAHORE: The dispute between the state-owned gas companies and sponsors of the two proposed private LNG terminals — Tabeer and Energas — over pipeline capacity allocations for the projects will likely linger for a much longer period than anticipated by the investors. While the investors are loo­king for firm commitm­ents from Sui Sothern Gas Com­pany (SSGC) and Sui Nor­thern Gas Pipelines Limited (SNGPL) over allocation of gas pipeline capacity before they start work on the construction of the two terminals at Port Qasim, the gas companies argue they are not…

Read More