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Extreme weather events make Pakistan ‘ground zero’ August 3, 2022 According to the details, Pakistan contributes less than one percent of the world’s greenhouse gases blamed for causing global warming, yet its 220 million people are among the world’s most vulnerable victims of the growing consequences of climate change. Extreme weather even­ts–from scorching hea­tw­aves to now unusually heavy downpours–are causing widespread upheaval and flash floods with hundreds of people killed and millions more displaced across the country. Depleting water supplies are another problem in some parts of the country. Rivers…

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The Fuel prices in the country were likely to go up before August owing IMF’s condition to increase levy, the sources said on Friday. They said that dealers ‘margin was another factor to increase fuel prices again. They said that the levy on petrol might go up by Rs5 per litre while the Diesel levy was likely to be increased by Rs10 per litre. An increase in the dealers’ margin was also expected to be added to the OGRA summary. The sources said that the government decided to increase the…

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Sui Northern Gas Pipelines Limited (SNGPL) managing director has stated that the global energy crisis has impacted the gas utility as well as the entire country. “The challenges faced are complex including the depletion of local gas reserves, RLNG (re-gasified liquefied natural gas) spot cargoes and massive domestic demand,” Ali J Hamdani said. The MD stated this in his message to shareholders at the annual general meeting on Friday. He emphasised that SNGPL was part of the energy value chain and was endeavouring to overcome and resolve the issues. He…

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Every sector is under the Radar and it is leading to complete disaster, due to an economic crisis the telecom industry would go from a net profit of $188 million in 2021 to a loss of $287 million by the end of the calendar year 2022 and 2023. Telecom companies declare ‘Digital Emergency’. There was a sense that the telecom business was profitable, but the sector has been on a decreasing trend since 2016. The 74 percent cost to revenue statistic is an estimate of above EBITDA cost for 2025, which…

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Govt set to reduce the rate of petrol by Rs 3 per litre, Rs 10 per litre increase in diesel price from August 1 Oil refineries have warned the government to go on strike due to capping dollar prices at Rs 225 in the revision of oil prices for the next fortnight effective from August 1, 2022. Sources said that oil refineries held a meeting with officials of the petroleum division on Sunday to discuss issues relating to margins in the oil and refining sector. During the meeting, petroleum division…

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