Category: News & Announcement

ISLAMABAD: Karachi Electric (KE) has decided to make a public appeal to the federal government for clearance of its pending dues immediately and adjustment in its tariff, well-informed sources told Business Recorder. Karachi’s power tariff is Rs 2.89/unit less than the rest of the country and must be brought in line with the prevalent Uniform Tariff Policy across Pakistan. The sources said K-Electric will invest $ 2 billion over the next three years across its power value chain, including a 900 MW RLNG-fired power plant. However, financial viability is a critical component of continued investments.…

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Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source and a shipping source said on Thursday. Iran had planned to transport the gasoline to Venezuela, a supply line that both Tehran and Caracas have flaunted in defiance of U.S. sanctions. Washington has imposed sanctions on both countries to choke oil exports and deprive their governments of their main source of revenue. Iranian action against another ship on Wednesday in…

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The Indian government has directed state-controlled oil companies to register the use of any vessels belonging to bordering countries, in its latest move to curb trade relations with China. All such vessel charters must be registered with India’s Department for Promotion of Industry and Internal Trade (DPIIT). The directive applies equally to shipping firms owned by Pakistan and Nepal — which have their own border disputes with Delhi — but in practice is only likely to affect Chinese shipping companies, which have a large global presence in the oil and…

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Pakistan legend, Javed Miandad, has claimed that he was the main driving force behind Imran Khan during his election campaign which paved the way for the latter’s ascent to power. In a YouTube video, Miandad claimed that Imran Khan has appointed inept individuals in the Pakistan Cricket Board (PCB) after becoming the Prime Minister. As a result, cricketers have lost their jobs. He said that Pakistan is full of talented individuals and there is no need to hire people from abroad to run the affairs of the board, adding that…

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The supply chain creates waste and every stage, and consumers contribute the most in developed countries. In the Netherlands consumers make up 33% of food waste; In the United States,  40-50 per cent of food is thrown away. This is around 76 billion pounds of food per year. Consumers need to find solutions and awareness on how they can change their behaviour to reduce the environmental burden.  What is the environmental impact?  The environmental burden of food thrown further down the supply chain is higher than the initial stages as…

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