Category: Highlights

Illegal mining of mines and minerals continues despite a ban in the district, causing huge losses to the provincial exchequer every year. Sources said that the Khyber Pakhtunkhwa government was losing Rs157.13 million per annum due to the ban on mining and flawed policies to boost the sector in Charsadda. They said that there were substantial mine and mineral reserves on 13,000 acres of land in Charsadda. The illegal mining at 15 mine reserves in Charsadda had become order of the day. It has caused huge losses to the government…

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Oil major Shell has acquired a share in the Transkei & Algoa blocks offshore South Africa from Impact Oil & Gas. Following completion of the transaction, first agreed on in November 2020, Shell is now the operator of the block with a 50% stake and Impact Oil & Gas owns the remaining 50%. stake. Also, Impact said Tuesday that the South African Government had granted the Second Renewal Period of the license. This is a two-year exploration period that started in August 2021. Impact and Shell plan to proceed with…

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The International Monetary Fund (IMF) and Pakistan remain engaged to conduct technical and data discussions for the sixth review under the Extended Fund Facility (EFF) programme. This was stated by Teresa Dabán Sanchez, IMF Resident Representative in Pakistan while responding to Business Recorder queries. She stated, “IMF team remains engaged with our Pakistani counterparts on conducting technical and data discussions. We stand ready and looking forward to our continued discussions with the Pakistani authorities on the set of policies and reforms that could form the basis for the completion of…

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Dr. John P. Holdren (Adviser on S&T to US President Obama for his double term in office and a distinguished faculty at Harvard and Berkley for over two decades) believes that a society can get into trouble with “energy” either by not having adequate resources or by their costs moving beyond its reach. What Dr. Holden perhaps didn’t expect was that a society can have sufficient endowment of energy resources and still can push the energy out of the reach of its people and economy. Our present energy imbroglio is…

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In its mission to create a sustainable community, leading food company, Shan Foods, recently conducted a tree plantation activity in collaboration with ChildLife Foundation, a non-profit organization working for affordable healthcare for children in Pakistan. The drive was carried out under Shan Foods’ brand-new CSR identity, Shan Shares, which is committed to playing its part for an economically, environmentally, and socially sustained world in response to the United Nations Sustainable Development Goals. Being a leading global brand, Shan Foods has always upheld a purpose-driven nature, striving to give back to…

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