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The CEO of Italian infrastructure giant Snam on Friday outlined a vision for the future of hydrogen, saying the “beauty” of it was that it could be easily stored and transported. Speaking to CNBC’s “Squawk Box Europe,” Marco Alverà spoke about how current systems would be used to facilitate the delivery of hydrogen produced using renewable sources as well as biofuels. “Right now, if you turn on your heater in Italy the gas is flowing from Russia, all the way from Siberia, in pipelines,” he said. “Tomorrow, we will have…

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Overseas Pakistanis-run Dice Foundation has developed Pakistan’s first electric car and its battery, a prototype of which will be unveiled in the next three to four months, it announced on Friday. Dr Khursheed Qureshi, founder and chairman of Dice Foundation told The Express Tribune that by utilising the expertise of Pakistani diaspora, the country has successfully engineered its first indigenous electric vehicle. A group of overseas Pakistanis working in automobile industry in the United States, Canada and the United Kingdom volunteered their services for the manufacturing of the electric vehicle.…

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Tomorrow on first August KANUPP will be shutdown permanently at 1641 hrs. First criticality of KANUPP reactor was achieved on first August 1971 at 1641 hrs. KANUPP belongs to first generation of commercially operated PHWR reactors. Out of first four NPPs, two were installed at Canada, one in India and one in Pakistan. All reactors except KANUPP were shutdown several decades ago. Only KANUPP has achieved fifty years of safe operation and still in operation. It was the first major milestone in the development of nuclear industry related to power…

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The Oil Marketing Association Pakistan (OMAP), which is a representative body of the Oil Marketing Companies (OMCs), called on the government again on Friday to remove the anomaly in the levying of the turnover tax applicable to the oil marketing sector by linking it to the margins earned by the OMCs and reducing its rate to 0.25 percent. The Chief Executive Officer of OMAP, Dr. Ilyas Fazil, informed the Minister for Finance, Shaukat Tarin, in a letter that the “rate of turnover tax (currently at 0.75 percent) should be rationalized/aligned to…

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Oil Marketing Association Pakistan (OMAP) on Friday once again called on the government to remove the anomaly in the levying of turnover tax applicable to oil marketing sector by linking it to margins earned by the Oil Marketing Companies (OMCs) and reducing its rate to 0.25 percent. Dr. Ilyas Fazil, Chief Executive Officer of OMAP, a representative body of Oil Marketing Companies (OMCs), in a letter to Finance Minister Shaukat Tarin said, “The rate of turnover tax (currently @ 0.75%) should be rationalized/aligned to remove all elements of discrimination and…

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