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Prime Minister Imran Khan Friday said despite the 2018 worst balance of payment crisis, economic problems due to Covid-19, high commodity prices in international market and direct and indirect impact of humanitarian crisis in Afghanistan, Pakistan was expected to achieve over four percent economic growth – which was a major success. “Since we inherited a huge circular debt, ant-export policies, unstable financial conditions, less-competitive business environment and the policies of lower incentives for private sector, the present government’s three years are an economic success story,” he added. He expressed these…

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During the month of December 2021 two warnings of impending sea level rise were issued by highly respected groups of climate scientists. These are professional scientists who do not deal in hyperbole. Rather, they are archetypical conservative serious-minded scientists who follow the facts. The most recent warning on December 30th is of deteriorating conditions at the Arctic and Greenland. The second warning is the threatening collapse in Antarctica of one of the largest glaciers in the world. As these events unfortunately coincide so close together, one at the top of…

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According to the working done by the All Pakistan Textile Mills Association (APTMA), the Punjab textile sector has sustained losses of $250 million in exports because of suspension of gas supply in December 2021. Shahid Sattar, Executive Director, APTMA, when contacted, confirmed that $250 million worth of textile exports were lost last month, which will never be recovered after mills in Punjab were denied gas for 15 days. However, sanity prevailed in the government circles and the Ministry of Energy restored gas from December 29 though with less gas supply…

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A two-day follow-up training workshop for the officer and engineering professionals of DISCOs (Distribution companies) was arranged on Friday under the banner of Power Sector Centre of Excellence (PSCE) established at LUMS in Lahore. PSCE is a training and knowledge hub founded jointly by CPPA-G (Central Power Purchasing Agency) and LUMS Energy Institute (LEI). The training was attended by 80 participants comprising of officials from Distribution Companies (DISCOs), National Transmission and Dispatch Company (NTDC), National Electric Power Regulatory Authority (NEPRA) and CPPA-G. This Module-II was a continuation of Module-I of…

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The Saindak Copper-Gold Project has generated a profit of $74.71 million by collecting revenue of $550,000 against 16,426 tonnes of blister copper out of 5 million tonnes of concentrating tasks during last year. This was disclosed on Friday by chairman of the Metallurgical Construction Corporation (MCC) Resources Development (Pvt) Limited (MRDL), He Xuping. He said that taking advantage of the rising prices in the international metal market his company carefully organised production and achieved its annual target despite repeated boiler bursts while combating the coronavirus pandemic as well. “Over the…

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