Month: May 2022

Misal Khan, (83), who was busy like a honeybee while threshing his wheat crop at his fields under the blistering sun in his native village, suddenly collapsed after feeling dizziness apparently due to heatstroke. Being a resident of Dheri Ishaq in Nowshera district, Khan’s sons, who were also around and busy in work along with their father rushed to a nearby clay pot and sprinkled water on his face and head in order to get their father senses but to no avail. ‘I dashed towards my ‘Baba Jan’ after he…

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In the midst of rapidly bleeding economy and rising uncertainty on account of PTI Long March, the state owned Pakistan State Oil (PSO) has virtually landed in hot water with its circular debt skyrocketing to a whopping Rs939.838 billion, just over Rs60 billion short of Rs1 trillion mark. The receivables of PSO have jacked up to Rs591.665 billion with payables at Rs348.173 billion, data about key receivables and payable position of the entity as of May 22, 2022 showed on Wednesday. “This has triggered a further worsening liquidity crunch for…

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Cnergyico Pk Limited has received an award from the Employers` Federation of Pakistan (EFP) for securing the first position in the 16th Occupational Safety, Health & Wellbeing Award in the oil refinery sector. The award was presented by the President Dr. Arif Alvi and was received by Cnergyico’s Vice President for Information Azfar Saeed Baig during the prestigious OSHW Conference and Awards Ceremony held in Karachi last week. President Alvi congratulated Cnergyico and other recipients of awards and expressed admiration for employers who keep their employees safe and enforce high…

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The world needs more and more energy but natural energy sources are dwindling, therefore Pakistan is coming up with new ways to meet its growing needs – via free wind and sun! Pakistan is planning to generate 10,000 megawatts of alternative renewable energy (ARE) by 2030 with an investment of over $6 billion, for which bidding will take place later this year. Alternative Energy Development Board (AEDB) CEO Shah Jahan Mirza, in an interview with China Economic Net, highlighted the investment opportunities for foreign investors, especially Chinese companies and banks,…

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