Year: 2021

The rare earth metal race: How India lost it to China

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Such is the strategic importance attached to rare earths that President Xi Jinping has made it a habit to flex China’s Trade Muscle by visiting to Rare Earths Hub, mining sites and plants frequently. (Twitter)“Rare Earth Elements (REE) are an ace in China’s hand”, read a Global Times headline in 2019. China currently controls nearly 90 per cent of the world’s REE mining and refinement and forms the bedrock of its global supply chain. China’s dominance of the rare earths industry is the result of a reckless and destructive ecological…

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Honda plants new seeds for green Pakistan

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Honda Atlas Cars is at the forefront when it comes to taking initiatives that are built to create a lasting impression on the environment. We are an environment-friendly brand and it is our dream to leave minimal footprint while making cars that are truly magnificent.Our cars are built to reduce carbon emissions with the entire Honda line up coming equipped with state of the art Euro-4 compliant i-VTEC engines. This 14th August, we continued our tradition and played our role in the biggest way possible by planting more trees within…

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New record of planting 100,000 saplings set in Faisalabad

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The district administration set a new record of planting 100,000 saplings in one go in the district on Friday. A tree plantation ceremony was held at Kaleem Shaheed Park, Narwala Road, in which 8,000 students of different government schools and 2,000 students of colleges planted 20,000 saplings in the park in tehsil city Faisalabad. During the same time, 16,000 saplings were also planted at each tehsil of the district including Jaranwala, Samundri, Chak Jhumra and Tandlianwala. The remaining 16,000 saplings were planted at 2,210 government schools in the district. Provincial…

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LNG crisis brewing?

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The LNG spot rates are hovering around $16/mmbtu. The Pakistan LNG Limited (PLL) has received bids for October and November deliveries at an average of $19.92/mmbtu and $19.39/mmbtu, respectively. For context, the average LNG spot price for PLL cargoes in October and November last year was $5.38/mmbtu. The PLL is yet to issue final evaluation report for the tenders floated for September 2021. It Is not clear whether PLL has received even one single bid for the five delivery windows for September at all. Recall that PLL had advertised for…

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Govt devises strategy to ensure affordable energy by 2030

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The government has devised a concrete strategy to ensure access to affordable, reliable, sustainable and indigenous electricity for all by 2030. According to the three-year performance report of the government released on Thursday, it inherited multiple challenges in the power sector, including system constraints, fast rising circular debt, inefficiencies driven by corruption, theft, growing burden of tariff non-rationalisation and the lack of policy decisions leading towards shattering of confidence of foreign investors. Under the government’s vision, the most efficient and consumer-centric power generation, transmission and distribution system was being developed.…

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