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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Pakistan was ranked among the third-riskiest countries for coronavirus in a recent study conducted by the Deep Knowledge Group on nations and their safety against the pandemic. Pakistan came at 148th position out of a total of 200 nations, with a safety score of 370 (the highest being 752). The 250-page study listed Switzerland as the safest country in the…
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After Saturday’s (June 6) meeting between top Indian and Chinese military commanders in Ladakh, the Ministry of External Affairs said that “the two sides will continue the military and diplomatic engagements to resolve the situation and to ensure peace and tranquility in the border areas”. The unresolved situation on the disputed Sino-Indian border in Ladakh has been ongoing for more…
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Over 21,000 tons of diesel were leaked into the Arctic Ocean as officials were slow to respond. The incident marks one of the largest oil spills in Russian history, and experts say the area will need years to recover. Russian officials are scrambling to clean up an oil spill in a region in northern Siberia, after an oil leak that…
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ISLAMABAD: The government is moving towards reopening of power tariff agreements with older independent power producers (IPPs) and may engage with their lenders as part of efforts to reduce electricity tariff. The increasing burden of net hydel profit payments to the provinces and reduction of system losses and improving recoveries remain works in progress. A senior official said the terms…
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Coal consumption fell by 15 percent, down for the sixth year in a row, while renewables edged up by 1 percent. This meant renewables surpassed coal for the first time since at least 1885, a year when Mark Twain published The Adventures of Huckleberry Finn and America’s first skyscraper was erected in Chicago. Electricity generation from coal fell to its…
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