The National Electric Power Regulatory Authority (Nepra) has constituted a committee of experts to prepare its reply on the report on Independent Power Producers (IPPs) prepared by a nine-member committee. Nepra is examining the recently released final report by the committee for power sector audit, circular debt resolution and future roadmap .The report has never been shared with the Nepra…
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KARACHI: The Pakistan GasPort Consortium Limited (PGPCL), which owns and operates Pakistan’s single largest LNG storage and regasification terminal at Port Qasim, has received ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. The certifications were issued by the Bureau Veritas Certification Holding SAS—UK Branch for PGPCL’s compliance to global standards for management system standards in LNG, transfer, storage, regasification and RLNG…
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KARACHI: National Bank of Pakistan (NBP) has donated a sum of Rs. 20 million for rations distribution in Karachi through the Karachi Relief Trust (KRT). It is one of the many initiatives that NBP plans to take as part of its corporate social responsibility, says a Press release.This CSR initiative is mainly for the poor and less privileged segment of…
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Coronavirus outbreak has forced nations under lockdowns restricting or putting a halt on transportation, agricultural as well as industrial activities across the globe. These measures are taken in order to contain the pandemic and save lives. Many necessary services have been halted leading to increasing discomfort to the populations, loss of jobs and work leading to economic difficulties for communities…
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The world is clearly heading on the steep downward slope towards recession because of the COVID-19 pandemic. The duration of this recession and, very possibly, global depression will be heavily dependent on the longevity of this crisis. Also crucial to this war will be human endurance, decisive government policy and geopolitical relationships. Financial and housing markets are collapsing, with retirement…
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Since German lignite fuels seven of the EU’s top ten pollutors, if the country is going to seriously reduce its emissions, it has to shut these polluters down—and fast. But given that coal fired plants provide roughly one third of Germany’s power, immediately closing them is not feasible. In addition, these coal plant complexes are a crucial part of regional…
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Two publications this week came out with headlines that Warren Buffett predicted the current oil price crash. Both referenced a 2016 interview of Buffet for CNBC where, the publications claim, he had made his prediction. One of the publications also argued that Buffet might use his billions to bail out U.S. oil. But first, did he really predict the crash?…
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Sindh Chief Minister Murad Ali Shah has announced that businesses in the province will open four days a week from 9am to 3pm. As per details, the decision has been taken during a meeting of the Sindh cabinet which was chaired by Murad Ali Shah. It has been decided that all shops, including grocery and others will operate from Monday…
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As the world continues to grapple with the worst global pandemic in living memory, economists everywhere are warning that we are witnessing the unraveling of something far grimmer than the 2008 financial crisis: the Great Depression 2.0. The signs are legion: Unprecedented levels of job and capital destruction, decimated consumer spending, underperformance by nearly all major financial markets, and a…
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President Donald Trump returned to the lectern Thursday after a government scientist’s presentation about studies showing that sunlight, humidity and disinfectants kill the coronavirus on surfaces — in some cases within seconds. What Trump suggested next later sparked warnings from doctors and manufacturers of household cleaners. Bill Bryan, an undersecretary at the Homeland Security Department, told reporters during the White…
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