Category: Recent Post

APlastics recycling is failing. Globally, over 350 million metric tons of plastic are produced annually, but according to the OECD, only 14-18% of that is recycled. And now that China has stopped importing the world’s plastic waste, we’re being forced to deal with it domestically. The problem is, most plastics just aren’t recyclable. And even those that are degrade in quality each time they’re remade, meaning they’ll eventually end up in a landfill too. Many environmentalists say this means we need to stop plastics production at the source, and support…

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After extensive discussions in the cabinet’s energy and economic coordination committees, the government agreed to the demand of the oil industry to switch the petroleum pricing mechanism from a monthly to fortnightly basis on Arab Gulf Mean oil prices published in Platts Oilgram. The key objectives of the change in the pricing mechanism were to “ensure fair competition … alignment of margins with international pricing trends and (the) smoothing out of volatility and distortions because of purchasing dates of one oil marketing company (OMC)” meaning Pakistan State Oil (PSO). Simultaneously,…

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ISLAMABAD: After questioning the justification for furnace oil-based expensive power generation, the National Electric Power Regulatory Authority (Nepra) on Tuesday reserved judgement on 86 paisa per unit increase in electricity rates demanded by ex-Wapda distribution companies (Discos). “The decision will be issued after carrying out analysis with regards to the statements made by National Power Control Center (NPCC) during the course of hearing,” announced the regulator in a statement after a public hearing presided over by Vice Chairman Saifullah Chattha and attended by three other members. Interestingly, the case officers…

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Pakistan is keen for Turkey investment in the country’s northern areas bordering China to help boost tourism in the scenic region. The investment offer was extended by Ali Amin Gandapur, Minister for Kashmir Affairs and Gilgit-Baltistan, in a meeting with Gokhan Umut, head of the Turkish Cooperation and Coordination Agency (TIKA) in Pakistan.  Around two million tourists visit these picturesque Gilgit-Baltistan areas every year, Gandapur informed Umut, emphasizing the immense potential for Turkish and other foreign investors in the region’s tourism sector. He informed the Turkish delegation that the government was working…

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Chocolate is leading the charge on the candy front as the coronavirus pandemic continues. A data-driven report from the National Confectioners Association shows that demand for chocolate has surpassed demand observed in the candy market overall from March 15, 2020 to Aug. 9, 2020. Between those five months, the premium chocolate market saw the largest growth with a sales spike of 12.5%. Non-premium chocolate, on the other hand, saw a sales increase of 5.5%. The candy market, which also includes chocolate products, saw an increase of 3.8%. Grocery stores have been credited as the “key driver for chocolate…

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