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June 15, 2020: Besides initiating construction work on the Main Dam of Diamer Basha Dam Project, Pakistan Water and Power Development Authority (WAPDA) is also gearing up for implementation of a Cultural Heritage Management Plan in the Project area with a view to fulfilling its national and international obligations for construction of water and hydropower projects. The Plan aims at preservation…
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Karachi: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has said that the root cause of the burgeoning circular debt is the sovereign guarantees of Rate of Return (ROR) to IPPs (Independent Power Plants) in tenns of US$ and not Rupees. With a weakening Rupee against US Dollar, the cumulative 13 years’ loss…
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The small-scale storage, regasification and distribution facility will be ready “in a few months”, according to Gas & Heat, the Italian engineering company that is the EPC contractor for the project. London-based Avenir LNG, a joint venture consisting of Stolt-Nielsen, Hoegh LNG and Golar LNG, owns Higas with a 80 per cent stake while its local partners Gas & Heat…
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KARACHI: Well-known economist Dr Kasier Bengali has said that Pakistan’s economic policies are being made in Washington and the International Monetary Fund (IMF) has sent its people to sit in major institutions, which is why there is no mention of the China-Pakistan Economic Corridor (CPEC) in the budget 2020-21. Speaking during a webinar organised by the Pakistan Institute of Labour…
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The city of Venice has reopened after months spent by locals enjoying the quiet of lockdown, but at the same time counting costs of the complete lack of tourists. All agree that the tide of money is needed, but some are wary of mass tourism.
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The hype for the next-generation of mobile technology has been in full force since Qualcomm declared “5G is here, and it’s time to celebrate” in February of last year.The reality, however, has required patience from consumers because of the time needed to roll out the new networks and the dearth of applications to put additional speed to compelling use.A year…
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India’s coronavirus cases have spiked in recent days, fueling concerns the situation could spiral out of control even as the country starts to reopen after weeks of stringent lockdown. India is the fourth worst-hit nation in the world, with cumulative infection numbers over 320,000 — behind only the United States, Brazil and Russia, according to Johns Hopkins University data. Daily…
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