ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar on Monday said Karachi city would receive additional 1400MW electricity by 2023.He said this while chairing a special meeting here to review the future electricity demand-supply outlook of Karachi.The meeting deliberated upon the possible measures to supply additional electricity to Karachi through the national grid to meet the future requirements.…
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Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates. While some of these planned divestments were announced before the Covid-19-related oil price crash, more were added in reaction to the pandemic and its aftermath. Our…
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LNG spot prices have been on the slide since April, reaching an all-time low of $1.85 per million British thermal units at the end of May. As with crude oil, the reason was very much the wide gap between supply and demand, already substantial before the coronavirus lockdowns but made even wider than them. Cargos were canceled, too, notably from…
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Water, sanitation and hand hygiene, together with physical distancing, are central to preventing the spread of COVID-19, and a first line of defence against this serious threat to lives and health systems. Handwashing with water and soap kills the virus but requires access to running water in sufficient quantities. Our response plans – at national, regional and global levels –…
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Karachi receives just three per cent of water available in Sindh and water scarcity continues to be a major problem in the city, said opposition leader in Sindh Assembly on Sunday. Addressing a press conference with other PTI leaders, he alleged that the Sindh government had not been adapting well to the growing population of the metropolis, adding that, “the…
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For Pakistans residents, fiscal year 2020 was the worst year as they witnessed highest inflation in the world forcing policy makers to increase interest rate, according to the State Bank of Pakistan (SBP). “Pakistan witnessed highest inflation not only in comparison with the developed economies but also with emerging economies,” said the Inflation Monitor for April issued by the SBP…
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The Chinese behemoth that makes electric-car batteries for Tesla Inc. and Volkswagen AG developed a power pack that lasts more than a million miles — an industry landmark and a potential boon for automakers trying to sway drivers to their EV models. Contemporary Amperex Technology Co. Ltd. is ready to produce a battery that lasts 16 years and 2 million…
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