Category: News & Announcement

Brazil’s energy minister said on Monday that it would attend the G20 meeting of oil ministers that Saudi Arabia is trying to rally together to cut oil production, Reuters reported on Monday. Saudi Arabia extended the invitation to Brazil on Sunday. The market is skeptical of any production cut deal that doesn’t involve the United States, but Brazil is the oil producer that is expected to be the third-largest growth driver of non-OPEC supply this year behind the United States and Norway. According to OPEC’s February MOMR, Brazil’s production was…

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LONDON: The world is almost certainly ensnared in a devastating recession delivered by the coronavirus pandemic. Now, fears are growing that the downturn could be far more punishing and long lasting than initially feared — potentially enduring into next year, and even beyond — as governments intensify restrictions on business to halt the spread of the pandemic, and as fear of the virus reconfigures the very concept of public space, impeding consumer- The pandemic is above all a public health emergency. So long as human interaction remains dangerous, business cannot…

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KARACHI: As the internet use in the country has increased during the Covid-19 lockdowns, the Pakistan Telecommunication Autho­­­rity (PTA) has asked internet providers to offer affordable services to customers. In a letter to Fixed Line Operators (FLO) on Thursday —a copy of which is available with Dawn — the PTA said during the ongoing lockdown across the country, the overall requirement in the country for broadband had increased considerably. In view of the prevailing Covid-19 circumstances and mandate given under Section 4(1) C read with Section 6 (F) of the Paki­stan Telecomm­unication…

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Hectares of forests cut down or burned. Globally, this year. Sources. In 2020. This month … That’s one football field of forest lost every single second around the clock. … The loss of tree cover has a number of negative effects on the planet. … The world population is growing by the minute and so is the global consumer class.

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ISLAMABAD: Pakistan’s second Liquefied Natural Gas (LNG) terminal is getting delayed and efforts are afoot to execute a fresh commercial operation date (COD) to sidestep liquidity damages to private investors. The government has been postponing shipments of LNG secured in January through competitive bidding from Gunver and ENI because of the infrastructure shortfalls. It has already delayed four LNG cargoes to October. These were originally planned for July. The suppliers are reported to have warned the government to make arrangements for LNG off-take, cancel the bids or get ready for…

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