The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 4.146 million barrels for the week ending November 27. Analysts had predicted an inventory draw of 2.358 million barrels for the week. In the previous week, the API reported a build in oil inventories of 3.8-million barrels, after analysts had predicted a much smaller build…
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Back in 2008, Beijing introduced a nationwide ban on ultra-thin plastic bags in a bid to tame the plastics menace that had earned the nation the reputation as the world’s largest generator of waste and also the largest source of waste plastic flowing into our oceans. But more than a decade since the policy was unveiled, use of these banned…
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KARACHI: Pakistan is hiring a consultant to update financial and commercial aspects, including pricing formula, related to trans-Afghanistan pipeline that targets first gas flow in next four years, it was learnt on Tuesday. State-owned Inter State Gas Systems (ISGS) wants international/local firms for provision of commercial consultancy services with respect to the commercial and financial aspect of Turkmenistan-Afghanistan Pakistan-India (TAPI)…
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Wellington, Dec 2 (APP – UrduPoint / Pakistan Point News – 2nd Dec, 2020 ) :New Zealand Prime Minister Jacinda Ardern declared a “climate emergency” on Wednesday, telling parliament that urgent action was needed for the sake of future generations. Ardern said the science on climate change was clear and New Zealand had to acknowledge the threat. The centre-left leader…
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Pfizer and BioNTech say they’ve won permission on Wednesday for emergency use of their Covid-19 vaccine in Britain, the world’s first coronavirus shot that’s backed by rigorous science — and a major step toward eventually ending the pandemic. The move makes Britain one of the first countries to begin vaccinating its population as it tries to curb Europe’s deadliest Covid-19…
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KARACHI: The country’s exports in November rose 7.2 per cent year-on-year to $2.156 billion from $2.011bn in November 2019, Adviser to PM on Commerce and Investment Abdul Razak Dawood said in a tweet on Tuesday. Exports during the month under review were highest in 30 months since peaking at $2.227bn in May 2018. “I would like to share that in…
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KARACHI: Various industrial areas in the city are facing severe low gas pressure despite the federal government’s assurance of uninterrupted gas supply in winter, heads of industry associations said on Tuesday. President SITE Association of Industry Abdul Hadi said the area is still deprived of consistent and committed gas pressure due to which many industrial pockets are struggling to meet…
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The project agreements for construction of Azad Pattan Hydropower Project, under the China-Pakistan Economic Corridor (CPEC), were signed on Tuesday. With an investment of over $1.35 billion and 700.7 megawatts of electricity, the Azad Pattan Project involves no fuel import and will enable the country to move towards cheaper and greener power generation. The agreements, including the implementation agreement and…
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ISLAMABAD: Pakistan on Tuesday started loading fuel to the 1,100MW nuclear power plant in Karachi for testing in run-up to its commercial operations in April 2021 while the Azad Jammu and Kashmir government signed agreements with a Chinese company for construction of a 700MW hydropower project. A spokesperson for the Pakistan Atomic Energy Commission (PAEC) said fuel loading for the…
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