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Two of Pakistan’s state-owned enterprises (SOEs), Pakistan LNG Limited (PLL) and Pakistan State Oil (PSO), made excess payments of $39.5 million to LNG suppliers in the head of port charges, The News reported on Monday. Payments worth $25 million “The Pakistan LNG Limited is found to have paid additional payments of $25 million (Rs3.97 billion) to LNG suppliers of Gunvor and ENI and this was disclosed in the board meeting of PLL on October 23, 2020,” one of the board members confided to The News. Taking serious note of the development, the board…

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Pakistan’s airlines face the risk of getting banned from flying to 188 countries over the pilot licensing issue and failure to keep up with the international standards as needed by the International Civil Aviation Organisation (ICAO), a media report claimed on Sunday. The development came after its flag carrier Pakistan International Airlines (PIA) has already been banned from taking flights to the UK and the European Union after the licensing scam came to light which revealed that country’s 262 pilots held fake credentials.  The ICAO in its 12th meeting approved…

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As Europe moves into yet another wave of Covid-19 lockdowns, there is growing concern surrounding the future of offshore workers. However, a move to digitalize the industry by introducing a remote oil rig system could alleviate the stress around contagion and potentially save many jobs.  Norway has been a key testing ground for remote operations since initial experiments took place on small unmanned rigs in 2013, moving to control larger manned units remotely over the last few years. But it’s found that moving jobs to land brings oil rig safety…

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The Food and Drug Administration is warning consumers and health care providers about the growing number of hand sanitizers that contain methanol, which can be toxic when absorbed through the skin and deadly if swallowed.  The regulatory agency has expanded to 59 its list of sanitizers to steer clear of — some of which have already been recalled and some the FDA is recommending be recalled — for containing the potentially fatal substance, also known as wood alcohol. The agency is aware of adults and children ingesting hand sanitizer products contaminated with…

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The first effective coronavirus vaccine can prevent more than 90% of people from getting Covid-19, a preliminary analysis shows. The developers – Pfizer and BioNTech – described it as a “great day for science and humanity”. Their vaccine has been tested on 43,500 people in six countries and no safety concerns have been raised. The companies plan to apply for emergency approval to use the vaccine by the end of the month. No vaccine has gone from the drawing board to being proven highly effective in such a short period…

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