Year: 2021

Washington, (APP – UrduPoint / Pakistan Point News – 16th May, 2021 ) :As the value of bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas. Profitably creating, or mining, bitcoin and other cryptocurrencies requires masses of computers dedicated to solving deliberately complicated equations — an endeavor that globally consumes more electricity than entire nations, but for which these start-ups say the jets of flaming gas placed next to oil…

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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, dropped by $2.06 on May 13 compared to the previous price, settling at $67.36 per barrel, Trend reports referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $66.74 per barrel on May 13, decreasing by $2.04 compared to the previous price.—AzerNews

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Dubai: Pakistan’s economy is on a solid growth path and has potential to grow at a much higher rate in the next five years despite a challenging environment across the globe, Dubai-based Khaleej Tiimes reported experts as saying. Top government officials, analysts and corporate leaders repose trust in the growing economy and said higher GDP growth in the five-to-six per cent per annum range is going to be a ‘new normal’ in the next five years considering strong economic indicators. “Yes, we have a potential to grow at much higher…

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