Category: Highlights

The All Pakistan CNG Association (APCNGA) said on Monday that the government is promoting the use of compressed natural gas (CNG) to reduce urban pollution, cut oil import bill and increase employment opportunities. In a statement, APCNGA Central Chairman Ghiyas Abdullah Paracha said that the government has taken a number of commendable steps to facilitate CNG pump owners, including removal of ban on setting up new CNG stations. “Now Oil and Gas Regulatory Authority (OGRA) has started issuing licences for new CNG outlets to those who fulfil all formalities, while…

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KARACHI: The Pakistan Institute of International Affairs (PIIA) on Saturday held a webinar on ‘Post Covid-19 World Order: Challenges and Strategies’. Human rights activist and lawyer Hina Jilani said with regard to the Covid-19 crisis there’s so much to lament but also so much to reflect upon. It isn’t just a health crisis; it’s a human rights crisis. It’s also an opportunity to correct what we have neglected in the past. The foremost aspect of the situation is that how weak the world is, developed or underdeveloped — employment opportunities…

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U.S. energy firms this week added oil and natural gas rigs for an eighth week in a row for the first time since June 2018 as producers keep returning to the wellpad after crude prices held around $40 a barrel from mid June-late October. The oil and gas rig count, an early indicator of future output, rose four to 300 in the week to Nov. 6, the highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday. The total rig count fell to…

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JEDDAH: Saudi Arabia is planning to accept new mining license applications in December 2020, said Khalid S. Al-Mudaifer, vice minister for mining affairs and president of Saudi Geological Survey. He also said the new mineral data of the Kingdom will be publicly available in the coming months. Speaking at a Mines and Money 5@5 webinar titled “The regional geological survey program — the foundation for a new Saudi mining sector,” Al-Mudaifer said the Saudi mining sector has been earmarked for major investment — local and global — as part of the Saudi…

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Corporate profitability in the third quarter (July-September) was Rs210 billion, signifying a jump of 39 per cent from a year ago. It was the highest quarterly increase in corporate profits in any year. Quarter-on-quarter profitability also recorded stellar growth of 52pc. For the nine-month period (January-September), aggregate earnings of the companies that make up the KSE-100 index stood at Rs479bn, up 3.9pc from a year ago. “As the economy gradually transitioned into a recovery phase after the initial Covid-19 outbreak, earnings of companies that comprise KSE-100 index showed a record…

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