Day: August 9, 2021

THE ongoing pandemic busted the myth of invincibility of human advancement, and humbled even the most arrogant of nations. Covid-19 exposed the systemic weaknesses and reminded that nature punishes complacency rather ruthlessly. It dragged the spotlight on some away-from-the-mainstream subjects, like, say, intellectual property rights (IPRs). The health crisis that rattled the world order actually exposed the perils of power games, intellectual lethargy and the neglect of scientific research. It is hard to imagine the private sector committing big doses of investment to scientific research unless the system promises exclusive…

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Mari petroleum hosted an impressive light and sound show, projecting the struggles and contributions of our founders for creation of an independent state, Pakistan’s rich history, progression over the years, vibrant culture and a tribute to the heroes of Pakistan. Pride of performance award holder, Sahir Ali Bagga paid tribute to our forefathers, with his melodious songs. MD/CEO Mari Petroleum Faheem Haider, in his speech, welcomed the guests to the enthralling light and sound and said that this initiative is aimed at invigorating our national spirit through innovative tools of…

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Pakistan has finally got the opportunity to look towards its economic development after facing internal and external security turmoil during last few decades. It is willing to prioritize economic security and leverage it to protect the national interests. The shift from geo-political confrontation to geo-economic cooperation was proposed by National Security Adviser, Moeen Yousuf. Foreign Minister Shah Mehmood Qureshi has also reiterated Pakistan’s commitment to ‘geo-economic shift’ during his physical and virtual contacts with several countries including Germany, and Egypt. The country has started diversifying its economic and diplomatic engagement…

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The US petroleum consumption declined to 18.1 million barrels per day (bpd) last year, the lowest level in 25 years, the Energy Information Administration (EIA) has said. Petroleum consumption in the transportation sector plunged by a record-breaking 15% in 2020 compared to a year earlier. Oil consumption declined in every single energy-consuming sector, the EIA said in new estimates of US petroleum products consumption by source and sector for last year. Lockdowns and other measures to contain Covid across the United States in 2020 were the key reason for lower…

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