Day: August 25, 2021

NFEH joins hands with SPL for tree plantation drive

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The National Forum for Environment and Health (NFEH) has joined hands with the Security Papers’ Ltd (SPL) to undertake a tree plantation campaign at the latter’s premises.An NFEH delegation led by its President Naeem Qureshi visited the SPL to launch the tree plantation drive.The delegation was warmly received by the senior officials from the IMS as well as HR and Administration Departments of the SPL.Mr. Khalid Farooque, Chairman Horticulture Committee at the SPL briefed that the Gulmohar plant also known as Flame Tree was specially selected for the plantation drive…

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PSO returns to profit

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Pakistan State Oil Company Ltd on Tuesday declared a profit-after-tax (PAT) of Rs29.14 billion translating into earnings per share of (EPS) Rs62.07 for the year ended June 30, 2021. It represented a turnaround from the loss of Rs6.47bn (LPS: Rs13.77) suffered the earlier year. The company also ann­ounced a cash dividend at Rs10 per share. Engro incomes surges 88pc Engro Corporation Ltd posted a PAT of Rs17.05bn (EPS at Rs29.60) for the 1HCY21, showing a stellar growth of 88pc over the PAT at Rs9.06bn and EPS at Rs15.73 in the…

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China Eyes Afghanistan’s $1 Trillion of Minerals With Risky Bet on Taliban

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When the U.S. invaded Afghanistan in 2001, the global economy looked a lot different: Tesla Inc. wasn’t a company, the iPhone didn’t exist and artificial intelligence was best known as a Steven Spielberg film. Now all three are at the cutting edge of a modern economy driven by advancements in high-tech chips and large-capacity batteries that are made with a range of minerals, including rare earths. And Afghanistan is sitting on deposits estimated to be worth $1 trillion or more, including what may be the world’s largest lithium reserves —…

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