The harshest winter since 2008 is contributing to shortages of staple vegetables across Central Asia and sending prices north in a region still suffering from COVID-induced food inflation. In Uzbekistan, record frosts have highlighted the shortcomings of the national energy system as even residents of the capital spent days on end without power. But the cold has also hammered the agriculture sector in the region’s most populous country. On January 20, the Uzbek agriculture minister announced a four-month ban on exports of onions after prices doubled in three weeks. The…
Read MoreDay: January 26, 2023
Will Geothermal Energy Ever Become Scalable?
The most cutting-edge approach for saving the planet from climate disaster doesn’t sound like it’s ripped out of the pages of science fiction. In fact, it doesn’t even sound like it’s ripped from the headlines. Far from new but nonetheless noteworthy, the ancient energy technology of using heat from the Earth’s core is finally ready for its close-up. While geothermal energy is already used around the world in relatively small-scale operations, scientists are working on scaling what could potentially be a clean, abundant, and cost-effective form of energy production suitable…
Read MorePakistan can buy Russian oil despite restrictions, says US
The United States has reiterated that Pakistan can purchase oil from Russia at a discounted price even though it has not signed a Washington-backed price-cap on Russian petroleum products. US State Department’s spokesperson Ned Price told reporters at a Tuesday afternoon news briefing that Pakistan can also take advantage of the concessions Washington has given to other countries for buying oil from Russia. “So, we have encouraged countries to take advantage of that, even those countries that have not formally signed on to the price cap, so that they can…
Read MorePak-Russia to sign low-cost oil accord in March, ‘holistic energy security plan’ by year-end: Musadik
Minister of State for Petroleum Dr Musadik Malik on Thursday said Pakistan would sign an agreement with Russia in March to get inexpensive crude oil besides a ‘holistic energy security plan’ by the year-end, which would be beneficial for both countries. “In March, all commercial terms of the agreement will be finalized with Russia, following which low-cost crude oil will start arriving in Pakistan. It will be beneficial for both countries,” he said while addressing a news conference here. Besides, the minister said a ‘holistic energy security plan’ between Pakistan…
Read MoreThe Kingdom of Saudi Arabia (KSA) and Pakistan on Thursday discussed matters of mutual interests and agreed to enhance bilateral trade volume between the two countries.
Nawaf Saeed A. Almalkiy, Ambassador and Commercial Attache of Saudi Arabia to Pakistan called on Federal Minister for Commerce Syed Naveed Qamar here, said a press release issued by the Ministry of Commerce. Syed Naveed Qamar highlighted the need to enhance cooperation in the field of trade and investment between the countries and emphasized the need for closer economic ties. He said that the Embassy of the Kingdom of Saudi Arabia in Islamabad is making its utmost efforts to promote the economic relationship between the two countries and thanked Nawaf…
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