WASHINGTON, DC: The Pakistan has shown a gesture of solidarity with the United States by sending a gift of Personal Protective Equipment (PPE) to the United States Armed Forces, Friday. The PPE dispatched by Armed Forces of Pakistan arrived via a C-130 flight from Islamabad at Andrews Air Force Base (AFB), Maryland. Pakistan Ambassador to the US Dr. Asad M.…
Read MoreDay: May 23, 2020
Antarctica is Looking More Green Thanks to Climate Change
Green Algae blooms are popping up more often on Antarctica’s white snow because of warming temperatures.
Read MorePIA & Reliance Petrochem Industries Pvt Ltd signed a MOU to safety on flight against Covid-19
Islamabad: Pakistan International Airlines (PIA) and Reliance Petrochem Industries Private Limited signed a Memorandum of Understanding (MOU) to ensure PIA passengers safety on flight against Corona virus. Reliance Petrochem Industries Private Limited manufactures sanitization products based on specifications and guidelines provided by WHO. Reliance will provide its premium quality Aerosol Sanitization Spray Canes to all PIA passengers on board free…
Read MoreSaudi Arabia Suspends Plans To Ship U.S. LNG
Bahri, the shipping arm of Saudi Aramco, has suspended plans to charter a dozen tankers for liquefied natural gas (LNG) for a U.S. export project in which it is a minority partner, after the majority owner of the project postponed the final investment decision, sources told Reuters on Thursday. The Saudi oil giant has an agreement from last year for…
Read MoreOil crisis looms in Pakistan
ISLAMABAD: Pakistan might have to face shortage of petroleum products if refineries opt to cut production due to cheaper imports by Pakistan State Oil (PSO), leading to negative margins. Oil refineries have informed the government that they have faced inventory losses worth Rs31 billion in March and April following lockdowns that shook global oil markets. They also informed the government…
Read MoreAround 70 pct of Dubai companies expect to close in 6 months amid coronavirus: Survey
Nearly 70 percent of businesses in Dubai expect to close within the next six months due to the coronavirus pandemic, according to a survey by the Dubai Chamber of Commerce. The survey released on Thursday said that more than 90 percent of the companies said they registered a decrease in sales and turnover in Q1 2020 due to the COVID-19…
Read More25 New IPPs to Add Over 12,000 MW to National Grid by 2028
25 new power projects by Independent Power Producers (IPPs) are under construction in various parts of the country and will add up to 12,464 megawatts of electricity to the national grid by 2028. The state-run news agency, APP reported this, quoting sources within the Power Infrastructure Board (PPIB). The board was set up in 1994 to promote private investments in…
Read MoreThe world’s energy system must be transformed completely
For more than 100,000 years humans derived all their energy from what they hunted, gathered and grazed on or grew for themselves. Their own energy for moving things came from what they ate. Energy for light and heat came from burning the rest. In recent millennia they added energy from the flow of water and, later, air to the repertoire. But,…
Read MoreRenewable Power Heads for Its First Decline in Two Decades
Construction of new wind and solar farms is being delayed by factory closures, workers’ needs for social distancing and developers’ financial concerns as they emerge from the coronavirus crisis, according to research from the International Energy Agency. The world is set to add 167 gigawatts of renewable power capacity this year, 13% less than in 2019. It’s a reality check for…
Read MoreCircular debt: Govt carves out plan to reduce capacity charges
ISLAMABAD: The PTI government has carved out a unique master plan under which synthetic financing would be arranged to slice down capacity charges causing huge surge in circular debt. The circular… SLAMABAD: The PTI government has carved out a unique master plan under which synthetic financing would be arranged to slice down capacity charges causing huge surge in circular debt.…
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