Day: August 17, 2023

KARACHI: The Board of Directors of Shell Pakistan Limited (SPL) announced half year results for the company on August 16. The company posted a profit after tax of Rs 3.5 billion compared to the profit after tax of Rs 7.5 billion made in the same period last year. On June 14th, 2023, Shell Petroleum Company Limited, a subsidiary of Shell plc, announced its intention to sell its holding in SPL. The period witnessed devaluation of the Rupee, rising inflation and macroeconomic uncertainty. Continued economic challenges resulted in slowdown in economic…

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Experts suggest taking measures to address impacts of rising temperatures LAHORE – Climate change-induced heat stress has negatively impacted Pakistan’s economy, especially the energy sector. As per the experts, the consequences of temperature increase on different factors like labour productivity, household consumption habits, and living standards were contingent on whether the temperature moves closer to or deviates further from the optimal range. Furthermore, these effects are exacerbated in urban areas due to the Urban Heat Island (UHI) phenomenon, which is observed in major cities across the globe. According to the…

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