Beating other regional players like Bangladesh and India, Pakistan emerged as the ‘Manpower Export Leader’ in the region as around 224,705 workers proceeded to various countries for various job assignments in 2020, despite the coronavirus pandemic. Bangladesh sent 217,699 workers and India 94,145 for employment purpose during the same period, said the Ministry of Overseas Pakistanis and HR Development while…
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Pakistan reported 1,019 new coronavirus cases and 34 deaths during the last 24 hours, which is the lowest number recorded since the country was hit by the third Covid-19 wave this year. The country’s positivity ratio stands at 2.59%, while there are 41,726 active and 2,676 critical cases. During the last 24 hours, 39,214 people were tested for the novel…
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Minister for Energy Hammad Azhar has disclosed that the National Transmission and Despatch Company (NTDC) recently severed additional supply of electricity to Karachi Electric (KE) due to non-payment. He shared this information at a recent meeting presided over by Prime Minister Imran Khan when issues related to KE came under discussion. Well-informed sources told Business Recorder that supply to KE…
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Sindh Energy Minister Imtiaz Ahmed Shaikh will inaugurate on June 23, 2021 the day-long International Conference on Solar Power as being the clean and abundantly available energy resource in the country.The international conference, being organised by the Energy Update, will also showcase the latest technology available in Pakistan and the rest of the world to ensure maximum utilization of solar…
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The Oil and Gas Regulatory Authority (Ogra) has proposed an upward revision of Rs 4.20 in petrol price for the next 15 days from June 16 (Wednesday). According to details, the Ogra has moved a summary to the Petroleum Division for approval, seeking an increase in petrol prices by Rs 4.20 per litre and Rs3.50 per litre hike in diesel…
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hanghai Electric, at the helm of a mega project of the China Pakistan Economic Corridor, has started a massive drive to vaccinate thousands of its Pakistani employees in Thar Block-1. According to a top official of Shanghai Electric, which is currently developing coal mines and a major power plant in Thar Block-1, more than 5000 employees who are associated with…
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Like other socio-economic sectors, the merged areas, energy, agriculture and communication sectors of Khyber Pakhtunkhwa have given major share from Public Sector Development Program (PSDP 2021-22) with huge allocation for under construction Mohmand, Kurram Tangi dams, Indus Highway and development of infrastructure in erstwhile Fata. According to the Federal Budget 2021-22 document, Rs 5,507 million have been allocated for construction…
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The National Accounts Committee (NAC) came up with a GDP growth figure of 3.94% for FY21, which is based on provisional figures for the first nine months of the fiscal year. This news sparked debate between the government and opposition parties. The government is claiming that this achievement is the result of timely fiscal and monetary accommodation with the Covid-19…
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Punjab on Monday moved to check vehicular pollution, withdrawing proposed tax relief on old vehicles (major polluters) and slashing 75pc tax on electric vehicles to promote cleaner environment. However, it brought tractors’ trade under the tax net by replacing the word ‘motor car’ with ‘motor vehicle’ in its finance bill and triggered fears that this essential machine for agriculture will…
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The country’s all the five oil refineries have protested over imposition of duties and taxes on crude oil and violation of commitments by the government for incentives for upgrade and modernisation. They have asked the government to honour commitments it had made with the refining sector as part of the new policy for petroleum refining finalised recently and awaiting formal…
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