Month: April 2021

Prime Minister Imran Khan has written a letter to Microsoft co-founder Bill Gates and invited him to work together to save the world from the dangers of climate change. PM Imran, in his letter has said that Pakistan is on the front lines of climate challenge and is amongst the top countries “continuously impacted” by climate change over the past two decades but at the same time it is a very low contributor to the issue, adding less than one percent of the global greenhouse gas emissions. The prime minister…

Read More

ISLAMABAD: The government is working on budgetary incentives for 2021-22 to maintain its gains what it has so far achieved to put the country on way to industrialization, making solid ground for import substitution and emphasizing more focus on diversification in exports of the country, an adviser to the prime minister said Sunday. In an exclusive chat with The News, Prime Minister’s Adviser on Commerce, Textile and Investment Abdul Razak Dawood said that the commerce ministry has shifted its paradigm with the PM’s nod. Now the ministry working on budgetary…

Read More

Trees sustain life. They give us the air we breathe; the shade we sit under. But many trees do a lot more than just that. The Indus Delta’s mangrove forest ecosystem, for example, supports various life forms. These dense trees, that protect us from storms, cyclones and tsunamis, are also home to different kinds of marine life including fish, shrimp and crabs, and several species of birds such as pelicans, flamingoes, kingfishers, cranes and even ducks. The trees also serve as the feeding grounds for tropical birds that feed on…

Read More

PIA has announced its financial results for FY 2020 as it submitted audited accounts with the Stock Exchange of Pakistan. What has been termed as one of the worst year in decades for the global aviation industry whereby even largest players in the market have obtained huge bailout packages from their respective governments to stay afloat, PIA came up with a noteworthy performance, nearly breaking even on operational losses and reducing its overall losses by 33.7%. According to the airline’s audited financial results for the year 2020, PIA reduced its…

Read More

LAHORE: The PTI government’s strategy to cap the flow — or the addition of new stock — of the power sector’s circular debt in the next two years has ‘too many variables and moving parts’, which need to be implemented concurrently for the success of the proposed plan. The government has formulated the Circular Debt Management Plan with the assistance of the World Bank as a prior action for the resumption of the IMF’s $6 billion facility. But the plan has not yet been shared with the public even though…

Read More