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HYDERABAD: Federal Energy Minister Omar Ayub on Wednesday announced that Pakistan is planning to lay down a new gas pipeline with the cooperation of Russia. While announcing that gas reservoirs of the country are witnessing a fast decline, he blamed the PPP and PML-N for doing nothing during their previous tenures for tackling the situation. “They did not sign any tender for new gas reservoirs,” he added. The minister said that the recent hike in power tariff is also due to agreements signed by the previous governments, adding that the incumbent…

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Shell Pakistan Limited (‘SPL’) has announced the financial results for Q3 2020. The company posted an after-tax profit of Rs. 1.81 billion, which is 218% or 2.18x higher as compared to the profit of Rs. 570 million in the same period last year. Overall, during the nine months of 2020, the company reported a loss of Rs. 6.06 billion, up by 5.91x as compared to Rs. 877 million recorded in the same period last year. The financials still present a challenging situation, driven primarily by the unprecedented coronavirus pandemic and…

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A continued investment in the technology sector often distinguishes developed nations from developing nations. An increased focus on this sector not only yields positive dividends on growth but also facilitates headway on the development front. This is why countries – like China – which house an overwhelming proportion of the competitive high-tech industry enjoy long-term economic prosperity in the wake of cost-efficient outputs that nimbly tap into both local and foreign markets. However, technology is not an input that any country can code into its economy. It results from sustained…

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China’s aggressive policy of planting trees is likely playing a significant role in tempering its climate impacts. An international team has identified two areas in the country where the scale of carbon dioxide absorption by new forests has been underestimated. Taken together, these areas account for a little over 35% of China’s entire land carbon “sink”, the group says. The researchers’ analysis, based on ground and satellite observations, is reported in Nature journal. Norway funds map of world’s tropical forests ‘Unacceptable’ losses of older trees in 2019 A carbon sink is…

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A team of University of Arkansas physicists has successfully developed a graphene circuit that could produce clean limitless energy. The new system works by capturing graphene’s thermal motion and transforming it into an electrical current. RELATED: NOVEL ULTRAFAST BATTERY BASED ON GRAPHENE CHARGES IN 15 SECONDS “An energy-harvesting circuit based on graphene could be incorporated into a chip to provide clean, limitless, low-voltage power for small devices or sensors,” said Paul Thibado, professor of physics and lead researcher in the discovery. Although, the research does not come without its fair…

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