Strife-torn Colombia was sharply impacted by the 2020 pandemic. The Andean nation’s economy contracted 7% while poverty, corruption, lawlessness and violence soared. Those events were indirectly behind a marked increase in the incidence of petroleum theft, which has grown significantly since 2016. Aside from the pandemic there are a wide variety of reasons for rapidly rising oil theft in Colombia.…
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The German government plans to spend as much as $82.8 billion (83.3 billion euros) on funding a planned cap on electricity and gas prices next year as it looks to help businesses and consumers with coping with high energy costs, Reuters reported this weekend, quoting a draft proposal it had seen. The proposed financing for energy price caps would represent…
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M/s Foundation Power Company Daharki Limited (FPCDL) has expressed willingness for an out of court arbitration with CPPA-G/ GoP with no obligation, liability or claim towards/ or by either party. This message has been conveyed by CEO/ MD FPCDL, Major General, Muhammad Junaid (retired) in a letter to Power Division. The Company had entered into a certain Master Agreement on…
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The National Transmission and Despatch Company (NTDC) has prepared plans to evacuate power from three key hydropower projects, i.e., Dasu Hydropower Project (stage-1, 2160-MW), Mohmand Dam, 800-MW, and Diamer Bhasha Dam, 4500-MW, well informed sources told Business Recorder. Total length of transmission line of Dasu hydropower project will be 254.5 km which requires 686 towers. Distance between Dasu project to 765…
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Ruqiya Naeem Qureshi has been conferred an award for showing excellence in the fields of event management and public relations for the past three decades. Mrs. Naeem Qureshi received the excellence award at the recently held event SRM Couture Celebrating Women’s Empowerment. The event was held to celebrate and recognize the achievements of distinguished women in the fields of business…
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The State Bank of Pakistan (SBP) Tuesday reviewed the existing foreign currency cash-carrying limits for travel purposes, and decided to further rationalise the same. According to a statement issued in this regard, the central bank mentioned that as per the revised limits, individuals of age 18 years and above (adults) can now take foreign currency out of Pakistan equivalent to…
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ISLAMABAD, November 08, 2022: The Oil and Gas Development Company Limited (OGDCL) administration on Tuesday strongly condemned the hooliganism and misbehavior of the Islamabad administration officials and the capital police and demanded the government to take notice of the illegal and brutal action.The Islamabad administration on Tuesday requested OGDCL to provide vehicles for the local body elections. The company administration…
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Heavy investment deals and wide-ranging memorandums of understanding (MoUs) worth $10 billion are expected to be inked between Pakistan and Saudi Arabia during Saudi Crown Prince Muhammad bin Salman’s much-anticipated visit to the country on November 21, sources revealed on Monday. Some of these projects which cost around $4 billion have been already agreed upon in principle, while more projects…
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Crown Prince and Prime Minister of Saudi Arabia Muhammad Bin Salman (MBS) would visit Pakistan in the third week of November, diplomatic sources said, ARY News reported. A special Suadi security team will visit Pakistan to scrutinize the security situation ahead of the visit, sources said. According to diplomatic sources, the Crown Prince of Saudi Arabia Muhammad Bin Salman would…
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