Day: April 27, 2022

Poll: Public split between clean energy, oil drilling in response to high gas prices

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Americans are more likely to agree than to disagree with Democratic calls for renewable energy investment and Republican calls for oil and gas drilling in response to high oil and gas prices, according to a new Yahoo News/YouGov poll. But when forced to choose between the two approaches, they are evenly split. The survey of 1,605 U.S. adults, conducted from April 19-22, found that pluralities of respondents agree with both responses to inflation. When half of the survey takers were asked whether they agree or disagree with the claim that…

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Oil and gas and other sectors: KP businessmen invited to Azerbaijan: envoy

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Ambassador of Azerbaijan in Pakistan Khazar Farhadove stressed the need for further strengthening mutual trade and economic cooperation with Pakistan. He invited the Khyber Pakhtunkhwa businessmen to make investments in oil and gas and other potential sectors in Azerbaijan. He was addressing a meeting chaired by Sarhad Chamber of Commerce and Industry President Hasnain Khurshid Ahmad here at the chamber’s house on Tuesday. SCCI senior vice president Imran Khan Mohmand, Executive members Muhammad Aurangzeb, Pervez Khattak, Tameotah Khalilov and Shoaib Khan from Azerbaijan embassy in Pakistan, importers, exporters, and traders…

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Climate change: speakers highlight importance of renewable energy

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There is huge transition from fossil fuel to environment-friendly energy generation which overall will play a significantly positive role in dealing with the climate change situation. This was the crux of a discussion at a webinar organised by the Pakistan Institute of Development Economics (PIDE) which was moderated by the Vice Chancellor PIDE, Nadeem Haque, and attended by senior research economist Dr Ahmed Waqar Qasim, Additional Secretary Board of Investment (BOI), and others. Speaking on the occasion, Dr Qasim said that owing to the government’s steps towards facilitating solar power…

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Nine months: fiscal deficit stands at 4pc of GDP

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The country’s overall fiscal deficit during the first three quarters of the current fiscal year – July-March 2021-22 – stood at Rs2,565 billion or four percent of the GDP, according to the Finance Ministry. According to consolidated fiscal operation released by the Finance Ministry on Tuesday, fiscal deficit was recorded at Rs2,565 billion during the first nine months of the current fiscal year subsequent to expenditure of Rs8,439.7 billion against revenue collection of Rs5,874 billion. Provincial surplus was recorded at Rs599 billion and primary deficit at negative by Rs447.161 billion…

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OGRA Teams in Field to Detect Diesel Hoarding

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ogra

Taking cognizance of the reports on diesel non-availability, the Oil and Gas Regulatory Authority (OGRA) has moved its enforcement teams along law enforcement agencies and district management in different regions to inspect and unearth illegal oil storages. It is reiterated that anyone found in hoarding or stocking oil illegally shall be dealt under the law of the land. The chief secretaries have already been informed to advise the deputy commissioners for increasing vigilance on any such illegal activities and take immediate punitive actions. Moreover, the DCOs have also been informed…

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