ISLAMABAD (Dunya News) – Gas & Oil Pakistan Limited (GO), the fastest growing Oil Marketing Company (OMC) in Pakistan has announced that it has become the first OMC in Pakistan to introduce Electric Vehicle (EV) charging facility at its retail outlets. The first of these EV chargers, made by ABB Italy, the Swiss-Swedish multinational, has been installed at GO’s Company…
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The recent quarantine at home has boosted the growth of China’s food delivery and express delivery industries in the first quarter. As two main consumers of the electric bicycle industry, their progress also drove the sales of electric bicycles and related batteries in Q1, 2020. Recently, Chilwee Power, a battery giants in the field of light electric vehicle, announced that…
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Moody’s Investors Service – one of top three global credit rating agencies – has put Pakistan under watch for possible downgrade of its long-term local and foreign credit ratings, suspecting that Islamabad may default on debt repayments to “private sector creditors” due to economic mess under the coronavirus pandemic. “Moody’s has placed the government of Pakistan’s local and foreign currency…
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An agreement worth Rs442 billion with a joint venture of Power China and Frontier Works Organisation (FWO) was signed on Wednesday for the construction of a diversion system, main dam, access bridge and 21-megawatt Tangir hydroelectric power project. In the wake of a meeting presided over by Prime Minister Imran Khan a couple of days ago on water security and…
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An elementary question, as the Diamer-Basha dam makes headlines this week: Why is Pakistan off to make the world’s tallest Roller Compacted Concrete (RCC) dam – an unmoving, inflexible, rigid structure of mammoth proportions – in one of the region’s most active earthquake zones? Consider this fact: there are 300 earthquakes on average in a single month at the proposed…
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More than 140 world leaders, experts and elders have made an unprecedented call for guarantees that COVID-19 vaccines, diagnostics, tests and treatments will be provided free of charge to everyone, everywhere GENEVA, 14 MAY 2020—More than 140 world leaders and experts, including the President of South Africa and Chair of the African Union, Cyril Ramaphosa, the Prime Minister of Pakistan,…
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In China’s latest efforts to pit renewable energy against fossil fuels, it is again betting on size.Resources such as wind and solar don’t stand much of a chance if there isn’t a way to store energy when the wind doesn’t blow and the sun doesn’t shine. So some of China’s biggest state-owned companies are pouring in billions of dollars to…
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ISLAMABAD: The World Bank Board of Executive Directors Wednesday approved a $39.5 million project to help South Asia build resilience to climate threats and disasters by sharing regional data and knowledge, developing regional standards and guidelines for infrastructure, and promoting climate-resilient policies and investments.It will assess climate impacts in districts across Pakistan, Bangladesh and Nepal to support agriculture, livestock, water,…
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The coronavirus (COVID-19) has been evolving as a strain to the global economy including that of Pakistan. Therefore, to dampen the adverse effects of COVID-19 and to enable the banks/DFIs continue to fulfil their role in funding the real economy, following has been decided: 2. Rescheduling / Restructuring of Financing Facilities Regulation SE R-9 and ME R-5 of Prudential Regulations…
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KARACHI: Barring tractors, April proved to be one of the worst months for the entire auto sector as car production and sales were reduced to zero. The overall car production and sales during 10MFY20 plunged by 52 per cent year-on-year each to 88,628 and 86,330 units. Meanwhile, there was no production of heavy vehicles (trucks and buses) in April but…
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