Active participation of the masses in the ongoing monsoon tree plantation campaign is the need of the hour to overcome the challenges of climate change, environmental pollution and global warming. This was stated by Chakwal District Range Officer (DRO) of the Forest Department (Extention) Punjab Rawalpindi Division Sher Afzal Raja while planting saplings at different places along with the officers of the district administration on Sunday. Chakwal assistant commissioner and workers of Insaf Tiger Force, present on the occasion also planted saplings. Raja said the role of every citizen is…
Read MoreYear: 2021
Get serious’: Pakistan’s Covid-19 cases, positivity rate soar to highest levels since May
Pakistan has reported 3,752 coronavirus cases during the last 24 hours, taking the national positivity rate to a whopping 7.51 per cent as the country battles a fourth wave of the pandemic. According to the National Command and Operation Centre, this is the highest number of cases reported since May 21 when 4,007 infections were reported, and a dramatic overnight increase from the 2,819 cases reported a day earlier. Meanwhile, the positivity rate in the country is the highest since May 19 when it was recorded as 8.23pc. During the…
Read MoreNTDC fails to recover Rs714m from Iranian firm
The National Transmission and Dispatch Company (NTDC) has failed to recover Rs714 million from an Iranian firm despite the award announced by the Paris-based International Chamber of Commerce (ICC) in April last year, Dawn learnt on Saturday. “A severe lack of on-time decision making, politics, appointment of a permanent MD, resignation of competent officers and other administrative issues are the major reasons behind the long delay in resolving various matters including recovery of Rs714m claims the NTDC had made before the ICC in a case filed by the Iranian firm…
Read MorePolitical consensus’ urged for average gas pricing
Amid system challenges, the Petroleum Division is seeking an average national basket price for natural gas — both local and imported — through a distant ‘political consensus’ even though it has fixed price commitments with various consumer groups. This comes at a time when the energy sector is facing serious gas and electricity shortages and both gas and power companies are struggling with their financials to ensure smooth supplies. The federal government has been asking the provinces for introduction of weighted average cost of gas (WACOG) by moving away from…
Read MorePakistan’s REER improves to 99.85
Pakistan’s real effective exchange rate (REER) – the country’s cost of international trade – improved to 99.85 points on the index in June, making exports viable and imports expensive mainly due to depreciation in rupee against the basket of major trading partners’ currencies. The real effective exchange rate below 100 means the country’s exports remain competitive and import expensive. The situation reverses when REER stands above 100 on the index, it was learnt. “The improvement in real effective exchange rate would encourage exports from Pakistan and discourage unnecessary imports into…
Read More