Year: 2021

Mari Petroleum’s profit rises to Rs7.33b

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KARACHI: Mari Petroleum’s profit inched up 0.68% to Rs7.33 billion in the quarter ended December 31, 2020 owing to a significant decline in other expenses and a modest rise in revenue. According to a notice sent to the Pakistan Stock Exchange on Thursday, the oil exploration firm had reported a profit of Rs7.29 billion in the same quarter of 2019. Accordingly, earnings per share amounted to Rs54.98 during the October-December 2020 quarter compared to Rs54.61 in the corresponding period of 2019. Alongside the result, the company announced an interim cash dividend of Rs6…

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200-acre urban forest being developed by city’s seashore

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KARACHI: There is a new urban forest coming up by the seashore in Clifton, but to write about it, one first needed to find it. Taking directions from Shahzad Qureshi, the person already known to have transformed much of his adopted park into an urban forest by using the Miyawaki method, one reached the spot all right. First a greenhouse came into view, then a camper’s little blue tent and then the man behind this new urban forest, who happily took one around to show the work done there so…

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13th Annual CSR Summit-2021 on 25th February

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Islamabad: Governor Punjab Chaudhry Muhammad Sarwar will be the chief guest at the 13th Annual Corporate Social Responsibility (CSR) Summit and Awards-2021 being held here at a hotel on February 25. The National Forum for Environment and Health (NFEH) organizes the event every year to thoroughly discuss the issues related to corporate philanthropy in the country. The forum also discusses the options to combine the CSR resources to help out the deprived masses and leading charitable causes in the country in the best possible manner. The event is also the…

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Texas leaders failed to heed warnings that left the state’s power grid vulnerable to winter extremes, experts say

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Texas officials knew winter storms could leave the state’s power grid vulnerable, but they left the choice to prepare for harsh weather up to the power companies — many of which opted against the costly upgrades. That, plus a deregulated energy market largely isolated from the rest of the country’s power grid, left the state alone to deal with the crisis, experts said. As Texas faced record-low temperatures this February and snow and ice made roads impassable, the state’s electric grid operator lost control of the power supply, leaving millions…

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In haste

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This refers to the letter ‘Electrical vehicles in Pakistan?’ (Feb 17) by Ammar ul Hassan Chishty. The writer has raised a valid point. Our planners are in the habit of putting the cart before the horse. The government must fix the power sector before it considers spending billions of dollars on the import of electrical vehicles. Even today, we have not moved beyond the assembling of fuel-based vehicles. On the other hand, our neighbouring countries have set up full-fledged manufacturing units. The import of foreign cars doesn’t only drain the…

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