Category: News & Announcement

India has opened one of the largest hospitals in the world to help fight coronavirus, as health authorities announced the country’s biggest one-day increase in the number of new infections.The Sardar Patel COVID Care Centre, the largest facility of its kind in India, became partly operational on Sunday, with 2,000 of its 10,000 beds available, according to the Delhi government.The remaining 8,000 beds at the facility, which is located in the Chattarpur area of Delhi, will be in use from Wednesday.India’s Home Minister Amit Shah and Delhi’s Chief Minister Arvind Kejriwal visited the…

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Power shortages in Pakistan tend to be due to grid issues rather than a lack of generation capacity,” said Simon Nicholas, energy finance analyst at the Institute for Energy Economics and Financial Analysis (IEEFA). With the demand for electricity growth slowing, Pakistan is faced with the increasing financial burden of power capacity payments and overcapacity risk at a time when renewables are the cheapest source of energy available, finds the Institute for Energy Economics and Financial Analysis (IEEFA) in its latest report. Two more Chinese-financed coal-fired plants have reached financial…

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Whenever an investor approaches a new industry, it is good to know what the risks are that a company in that sector must face to be successful. General risks apply to every stock, such as management risk, but there are also more concentrated risks that affect that specific industry. In this article, we’ll look at the biggest risks faced by oil and gas companies. Political Risk The primary way that politics can affect oil is in the regulatory sense, but it’s not necessarily the only way. Typically, an oil and gas company is…

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This is in reference to analysis by Dr. Farrukh Saleem on petrol prices in Pakistan through his vlog on social media which states that the prices of petrol have gone up only 17 percent internationally in the last one month. The contents are misleading and ignore the 30-45 days pricing cycle used in Pakistan as per regulation. The base price of Petrol in Pakistan is fixed on the basis of PSO’s actual imports, which are linked with international Arab Gulf Platts. All cargoes imported since the last cargo used in…

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A local court in Islamabad on Saturday directed the capital police to submit its response by July 9 on US blogger Cynthia D Ritchie’s application for registration of first information report (FIR) against former interior minister Rehman Malik over rape and harassment allegations. The US blogger on Tuesday had submitted her application to an additional district and sessions judge under Section 22-A of the Criminal Procedure Code. Separately, the capital police in its report submitted in Islamabad High Court on Saturday said that allegations against Malik are “suspicious, unsubstantiated and…

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