Day: November 11, 2022

How Australia became the world’s greatest lithium supplier

Admin

oughly a three-hour drive south of Perth, Western Australia, off the South Western Highway and behind the historic mining town of Greenbushes, the land beyond the town’s primary school falls away to reveal a deep, grey scar. This is the site of an old tin mine known as the Cornwall Pit. At roughly 265m (870ft) deep, the terraced wall of the pit represents a century’s worth of work that began in 1888 when a pound of tin was lifted out of a nearby creek. When the surface-metal was scoured from the…

Read More

OGDCL Distributes Winter Relief Packages Among Flood Victims

Admin

Being a responsible corporate entity, the Oil and Gas Development Company Limited (OGDCL) has distributed 1500 winter packages among the flood-affected people in the flood-hit areas of Southern Punjab, Sindh and Balochistan.OGDCL under its Corporate Responsibility Program (CSR) has scaled up the distribution of winter packages among flood victims as the winter season has started in the country.While taking lead in the flood relief activities, the company distributed 1500 winter packages among the flood-affected people; wherein, each package was comprised of a blanket, a shawl and three sweaters for a…

Read More

Power tariffs: FPA returns to mean

Admin
power

Electricity tariff adjustments are expectedly coming back to the mean. Having touched all-time highs to as high as Rs10/unit for monthly adjustment – the last two months have seen the FPA down to 21 and 8 paisas, respectively. The actual impact would still be higher, as the collection for August 2022 is spread over six months in equal installments of Rs1.65/unit. With sizeable quarterly tariff adjustments lined up, the overall tariff would remain considerably higher year-on-year, after the recent three-phased base tariff revision. The monthly fuel cost for September 2022…

Read More

Pakistan, China agree to spur CPEC momentum: govt

Admin

Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that Pakistan and China have agreed to revive the China-Pakistan Economic Corridor (CPEC) project which was left pending by the previous government. A six-member delegation of the Chinese People’s Association for Friendship with Foreign Countries (CPAFFC) led by its President Lin Songtian on Thursday called on Federal Minister for Planning, Development and Special Initiatives Prof Ahsan Iqbal and discussed the CPEC project after the recent visit of Prime Minister Shehbaz Sharif to China. On the occasion, the minister said that…

Read More

Pakistan, KSA to Sign Several Pacts

Admin
pak-saudia

Pakistan and Saudi governments are giving final touches to several pacts including Bilateral Investment Treaty (BIT) during the forthcoming visit of Saudi Crown Prince and Prime Minister, Muhammad bin Salman to Pakistan, well informed sources told Business Recorder. Last week, a Pakistani delegation led by Minister of State for Petroleum and Natural Resources, Dr Musadik Masood Malik visited Saudi Arabia and met with Saudi Minister for Energy, Prince Abdulaziz bin Salman to devise a mutually agreed course of action on the joint energy initiatives including the establishment of an oil refinery…

Read More