Category: Shortcode

The United States Mission to Pakistan has announced the expansion of interview waiver eligibility for Pakistani citizens renewing B1/B2 tourism and business visas at the U.S. Embassy in Islamabad and the U.S. Consulate General in Karachi. This procedural change will improve customer service and enable more efficient processing for the renewal of tourism and business visas for qualified and eligible Pakistani citizens. Potentially eligible applicants with scheduled appointments were contacted directly and informed of the option to submit their applications through this new procedure. Note that as required by U.S.…

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Talking to journalists on a visit to the project site in Mansehra, the officials of the Sukhi Kinari hydropower project said the project — being built on a BOOT [build, own, operate, and transfer] basis — would add 884-megawatt electricity to the national grid. According to the officials, 93 percent of work on tunnels, 80 percent on penstock, and 90 percent on powerhouse has so far been completed. Highlighting the distinguishing features and achievements, officials told the media persons that a Pressure Shaft System had been installed 745 meters deep,…

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The Prime Minister’s Office (PMO) released a statement citing the Prime Minister’s rejection of a proposal to increase petroleum prices by up to 14 rupees per litre effective 1 February — a proposal submitted by the Oil and Gas Regulatory Authority (Ogra) based on a rise in the international prices of oil but with taxes remaining the same as in the previous fortnight. It is left to the government of the day to adjust taxes to maintain the prices or pass these onto the consumers partly or wholly or in…

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The Oil Companies Advisory Council (OCAC), which comprises more than two dozen oil refineries and marketing firms said, “Based on the critical condition of the industry and increasing trend in POL prices, we urge you to ensure that no further petroleum differential claim (PDC) is imposed on the industry as it will have an unmanageable impact on the cash flows of the industry and may also lead to catastrophic disruption in the POL supply chain”. In the fortnightly oil price review scheduled on 31 January, Prime Minister Imran Khan had…

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The West Texas Intermediate Crude Oil market has exploded to the upside during the trading week, as the $90 level has been overcome. We are a little overextended at this point in time, and I think that plenty of buyers will be willing to jump in and take advantage of any short-term pullback. The $85 level is going to be well defended, right along with the $90 level on shorter-term charts. Nonetheless, I think oil goes looking towards the $100 a barrel level, at the very least. At this point…

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