Year: 2021

A tree plantation activity was held at Hill Park of Karachi by the National Forum for Environment and Health (NFEH) under its campaign to increase green cover in the city during the current monsoon season. The NFEH joined hands with Hilal Foods, Hilal Care, and Hill Park Friends’ Group to do the plantation activity. Member of National Assembly, Saima Nadeem, was the chief guest on the occasion. Speaking on the occasion, NFEH President Muhammad Naeem Qureshi said that this was the sixth such plantation activity being held in Karachi by…

Read More

In a new development, the decision makers in the PTI government are making their mind to squeeze the role of Special Assistant to Prime Minister Tabish Gauhar only to the power sector and he will have no role as the SAPM in the petroleum sector. Tabish Gauhar was made SAPM on Petroleum also when Nadeem Babar quit under the directions of prime minister on account of an inquiry into the petrol crisis that hit the country in June 2020. And surprisingly, the name of Waheed Ahmad Shaikh, ex-CEO of HASCOL,…

Read More

The government received $1.6 billion in gross foreign loans in July, 100% higher than the same month of previous year, amid heavy reliance on borrowing to build the foreign exchange reserves and repay the maturing debt. In the first month of fiscal year 2021-22, the government received $1.6 billion in total external inflows from multiple financing sources, reported the Ministry of Economic Affairs on Tuesday. In July 2020, Pakistan had secured $800 million worth of foreign loans, showing a 100% increase in foreign borrowing in the first month of current…

Read More

Making a new record, state-run Pakistan State Oil (PSO) on Tuesday awarded a liquefied natural gas (LNG) cargo to commodity trader Vitol at 24.5456pc of Brent (about $17.86 per mmBtu) – the most expensive so far – for delivery on Sept 26-27. “PSO has decided to award the below mentioned cargo for supply of LNG,” PSO announced on its website. Vitol was the single bidder for the Sept 26-27 cargo. Earlier, PSO had rejected slightly higher bid of 27.54pc of Brent by the same single bidder for delivery on Sept…

Read More