Month: April 2021

Ministry finally agrees on special audit of billion tree project

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ISLAMABAD: After a controversy over the scope of audit of Prime Minister’s flagship Ten Billion Tree Tsunami Programme, the Ministry of Climate Change has finally agreed on an special audit to be conducted by the office of the auditor general of Pakistan. Earlier, due to “technical reasons” the ministry had requested the auditor general of Pakistan not to carry out an special audit of the programme for the year 2019-20.The minutes of a progress review meeting issued by the Ministry of Planning, Development and Special Initiatives on Jan 4, 2021,…

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Gas Utilities Facing Supply Issues

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ISLAMABAD: After constitution of a committee on construction of new Liquefied Natural Gas (LNG) terminals, the gas utilities are said to have expressed concerns over supply issues in the existing pipeline network based on the government’s plan for providing gas to new domestic consumers and other sectors. Last week, a meeting at the Ministry of Maritime Affairs constituted a six-member committee, comprising directors general of the petroleum division and managing directors of the Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL), to address challenges faced…

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Here comes Hammad Azhar and the challenges awaiting the new Finance Minister

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Pakistan’s vivacious media, over the last few weeks, hasn’t commented more extensively on any other topic other than Prime Minister Imran Khan’s chameleonic transfiguring of his Cabal. Several ministers, top civil servants, and Police chiefs have been changed using former US President Donald Trump’s template. In subcontinental aphorism—India’s Nehru, during his illustrious political career, didn’t change his ‘Dhotees’ that frequently as the Skipper of ‘Tabdeeli Sarkaar’ mutated his seemingly atrophic team. He has even tried ‘two wrongs to make one right’—but even that hasn’t worked as anticipated. However, one such…

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Biden admin aims for U.S. leadership in offshore wind: official

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President Joe Biden’s cabinet earlier this week unveiled a plan to boost the industry that promised new acreage, faster permitting, and billions of dollars in financing – part of his sweeping plan to fight climate change by decarbonizing the economy. “The distinction now is that we have a president and an administration that is really harnessing this opportunity to fight climate change and to create good paying union jobs,” Amanda Lefton, director of the U.S. Bureau of Ocean Energy Management, said in an interview. “We will soon be leading in…

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Car Price Comparison: When Dollar was Rs 152+/-

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Pakistani currency continues its surge against the US Dollar in interbank market with the greenback losing its value to reach Rs 153.1 making it the lowest since June 13, 2019. On Wednesday, the PKR opened the trading day at 153.1 against USD, it even dropped to the day low of 151.200 before it rebounded. Since August 2020, PKR has continued to recover by more than Rs 13 against the USD rendering a 10% improvement in its value. However sadly the local assemblers, which are always too quick to revise the…

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