Category: Recent Post

The first commercial scale plant to recycle all types of plastic using high pressure steam in the U.K. began construction. The plant in the northeast of England will cost 30 million pounds ($41 million) to build and ultimately process 80,000 metric tons a year of plastic waste after its starts operating by the end of 2022, according to a statement from Mura Technology. Globally, around 350 million tons of plastic is produced every year, estimated to rise to 600 million tons over the next 20 years, with only 14% of…

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China agreed to invest $400 billion in Iran over 25 years in exchange for a steady supply of oil to fuel its growing economy under a sweeping economic and security agreement signed on Saturday. The deal could deepen China’s influence in the Middle East and undercut American efforts to keep Iran isolated. But it was not immediately clear how much of the agreement can be implemented while the U.S. dispute with Iran over its nuclear program remains unresolved. President Biden has offered to resume negotiations with Iran over the 2015…

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Special Assistant to Prime Minister on Climate Change Malik Amin Aslam has said tree plantation is highly important to keep an atmosphere clean and healthy. He said this while inaugurating the Miyawaki Forest at Botanical Garden Jallo here on Thursday. He said planting trees was the only way to deal with smog and environmental pollution. He congratulated the Parks and Horticulture Authority (PHA) on the completion of the Miyawaki Forest. The SAPM said 50 sites selected for the Miyawaki Forest had been completed, adding that more than 10 million saplings…

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Abdulaziz Hamad Aljomaih, representing Aljomaih Group of Saudi Arabia with major shareholdings in K-Electric, Pakistan’s only private and vertically integrated utility, held a range of high-level meetings in Islamabad and Karachi during recent visit to Pakistan, including the Prime Minister Imran Khan, President Arif Alvi, Finance Minister Abdul Hafeez Sheikh, Privatization Minister Mohammedmian Soomro and Energy Minister Omar Ayub Khan. Appreciating the assurances of the Government of Pakistan towards resolution of KE’s long-standing issues, he said, “biggest challenge is the issue of pending receivables which have now crossed PKR 275…

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A close aide of the prime minister has stepped forward in the K-Electric deal that may lead to another controversy. Different quarters say that intervention by the premier’s close aide, who had previously worked on different positions in K-Electric, may derail the progress made so far in resolving the payables and receivables dispute among Sui Southern Gas Company (SSGC), National Transmission and Despatch Company (NTDC), Ministry of Finance and K-Electric. The issue, which potentially erodes financial viability of both public and private sector entities and which can be traced back…

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