Category: Highlights

KARACHI: Mr. Haroon Rashid, CEO Shell Pakistan Limited, has been elected as the President of the Overseas Investors Chamber of Commerce & Industry (OICCI) with effect from July 1, 2020. His appointment came following a successful tenure of Mr Shazad Dada, who resigned as the President of OICCI after resigning from Standard Chartered Bank and taking over as President of United Bank Limited. Mr. Irfan Siddiqui has been elected as the Vice President of the OICCI from July 1, 2020. Irfan is the founding President/CEO of Meezan Bank Limited. He initiated…

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The European Union Air Safety Agency (EASA) has suspended the authorisation for the Pakistan International Airlines (PIA) to operate in Europe for six months, the airline’s spokesman said on Tuesday. The move follows the grounding of 262 pilots whose licences Aviation Minister Ghulam Sarwar Khan termed “dubious”. “EASA has temporarily suspended PIA’s authorisation to operate to the EU member states for a period of 6 months effective July 1, 2020, with the right to appeal against this decision,” a PIA statement said. It added that PIA would discontinue all its…

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By Ken Silverstein, award-winning columnist who has covered energy and the environment for more than two decades. Follow him @Ken_SilversteinAfter Russia, Iran and Qatar, the US has the world’s greatest natural gas reserves. But unlike those other countries, it has trouble building pipelines, threatening its ability to supply domestic and international markets. Americans tend to see issues in black and white: it is industry versus the environment, with little common interest between the two. It’s either you are for us or against us. And this tension is playing itself out in US politics. But…

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Scientists are already alarmed at the spike in temperatures in Russia this year. While the mercury is creeping up everywhere, in Siberia it has spiked dramatically, delivering unprecedented heat. This summer is on course to be the hottest since record-keeping began, in the world’s largest country. Towns usually still blanketed by snow at this time of year are experiencing a blazing heatwave, thanks to the escalating climate crisis. The effects of global warming have arrived and are already causing problems, especially in Siberia. A massive oil spill in the far…

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The outgoing year 2019-20 proved to be a historic for hydel power generation in Pakistan, as WAPDA provided highest ever number of hydel electricity i.e. 37.4 billion units to the National Grid. Previous record of hydel generation in a fiscal year was 33.15 billion units that was set way back in 2015-16. The surged hydel generation in 2019-20 not only helped the country overcome power shortages but also stabilize the power tariff. Further, WAPDA hydel power generation during fiscal year 2019-20 registered an increase of 6.23 billion units if compared…

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