Month: November 2021

Saudi Arabia’s oil giant Aramco has announced the start of its development of its Jafurah unconventional gas field in a press event on Monday.  The company’s chief executive officer, Amin Nasser, said the field, which it claims to be the largest in the world, could replace 500,000 barrels per day of oil production “at its peak.” The project comes amid global pressure to transition to cleaner sources of energy, following major climate change-focused events in recent months.  “This breakthrough in unconventional gas could not come at a better time for…

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Rescue 1122 has appealed to the public use gas appliances carefully to avoid unpleasant accidents. An official of the Rescue 1122 said due to prevailing crisis of gas shortage the people indulge in using alternate measures like using cylinder, compressor in their houses. It has been noted that many residents use fridge compressor to suck in more sui gas to increase its flow. In the past, a number of the cases have been reported in which precious lives were perished and millions of rupees burnt to ashes due to carelessness…

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The complaints of gas outage and low pressure have been on the rise in different parts of the provincial metropolis. Besides, gas cuts in densely-populated areas force the citizens to use the LPG, wood and coal or bring food from the bazaar, which are all costly alternatives. As the complaints of low or no gas have become a new norm, the citizens in many parts of the city are left with no option but to use the costly alternative for cooking and heating purposes. Due to the non-availability of gas,…

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State Bank of Pakistan’s (SBP’s) annual report on Pakistan’s economy 2020-21 claims that growth rebounded to 3.9 percent last fiscal year accompanied by a 10-year low current account deficit that built up foreign exchange reserves, an edging down of fiscal deficit despite Covid-19 leading to improved debt-to-GDP ratio and easing of consumer price index due to stable core inflation constituting non-food and non-energy prices. The growth rate doubled from the projected 2 percent last fiscal year with current account deficit projected at negative 1.2 percent of GDP and this was…

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At the sprawling Expo 2020 Dubai, a cultural tour de force known as the Pakistan Pavilion has been quietly drawing global attention. It is among the pièces de résistance of the Opportunity District – a fitting location for a country that shows great promise as a magnet for tourists and investors. Themed as ‘Pakistan: The Hidden Treasure’, the pavilion cost $28.72 million to build and spreads across 35,000 square feet. “Through this theme, we’re not only highlighting our potential in terms of the tourism industry but also showcasing its people…

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