Category: News & Announcement

Private Power and Infrastructure Board (PPIB) is reportedly facing stiff resistance from the Finance Division on “wished” risk coverage to the Chinese company, which is establishing Kohala Hydropower Project under the CPEC, well-informed sources in the PPIB told Business Recorder. The Power Division tabled the summary, which was returned by the Prime Minister’s Advisor on Finance, Dr Abdul Hafeez Shaikh saying that comments of other stakeholders be obtained prior to submission to the ECC. The PPIB Managing Director, Shahjahan Mirza, who is supervising the entire process, held a meeting in the Power…

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Traders, grocery stores and pharmacies across Karachi have reached consensus that they have enough supplies for the city if shopping stays normal amid the coronavirus self-isolation term. They warned, however, that if people start hoarding groceries and panic they will upset the demand-supply equation. “For God’s sake, stop hoarding flour,” said Karachi Atta Chakki Association head Anis Shahid. “We have enough to provide for the city if people act rationally.” He said that Karachi’s monthly demand was roughly 25,000 metric tons which can be met. “People buying 200 bags of…

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The global offshore wind industry installed a record 6.1GW of new capacity in 2019, bringing the total capacity to 29GW, according to the latest report by the Global Wind Energy Council (GWEC). The 6.1GW of new capacity in 2019 represents a 35.5% increase compared to the previous year, which saw 4.5GW installed. Europe remained the largest market for offshore wind, accounting for 59% of new installations, while the Asia-Pacific region accounted for the remaining 41%. The report writes that China remains the overall leader in new installations, adding more than 2.3GW…

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Drugs might provide a temporary fix, gurus might fool the gullible and there are still some foolish enough to think that money will solve all their problems. However, anyone who has ever put the cares of the world behind them by digging potatoes will know that happiness is working the allotment. It is something that gardeners have known for centuries, of course, but now researchers have backed them up. In a study that also revealed the power of jogging to boost happiness, experts found that exercising outdoors and gardening were associated with the highest…

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Following a rally early on Friday supported by U.S. President Donald Trump suggesting he could intervene in the ongoing Saudi-Russia oil price war and by a flow of stimulus from governments to support their economies stricken by the coronavirus pandemic, oil prices resumed their slump on Friday. At 8:23 a.m. EDT on Friday, WTI Crude was rising 2.97 percent at $26.62, and Brent Crude was up 3.40 percent on the day at $31.25. But by 11:00am, WTI had sank to $25.02, with Brent falling to $30.13. Oil prices were set for a weekly drop of…

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