The world’s biggest container carrier saw profits soar 83% in the third quarter on recovering volumes, rising freight rates Danish shipping and logistics giant A.P. Moeller-Maersk A/S expects that the global container market could expand by up to 5% in 2021 in a rebound from the pandemic-driven hit to trade in the first half of this year. The parent of Maersk Line,…
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KARACHI: Special Assistant to the Prime Minister on Power (SAPM) Tabish Gauhar on Wednesday declared that the government was yet to take a decision regarding taking up of the administrative control of the K-Electric (KE). “The government may consider the proposal if the performance of the power supply company (KE) does not improve and Shanghai Electric does not come and…
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PESHAWAR, (APP – UrduPoint / Pakistan Point News – 18th Nov, 2020 ) :The government of Khyber Pakhtunkhwa would completer construction of 307 Mini Macro Hydro Power Projects (MMHPPs) considering the growing energy needs. “The KP government is fully geared up to continue pursuing the underlying message as spelled out by the then PTI chairman in Swat district in 2014…
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KARACHI-Three Shell Tameer entrepreneurs from Pakistan have each taken home one of the 2020 Shell LiveWIRE Top Ten Innovators Awards, a global competition that rewards businesses that demonstrate excellence in innovation and gives entrepreneurs a chance to shine on a global platform. This year, Shell LiveWIRE has partnered again with Shell Global Commercial to deliver a competition focused on creating…
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The East African Rift System (EARS) is one of the largest rifts in the world. Characterised by a spreading crust, the tectonically active region spans 6,400 kilometres in length and up to 64 kilometres in width and runs through several countries in Eastern Africa. The geological attributes of the EARS make it so rich in geothermal energy resources that –…
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We know more about the moon and the surface of Mars than we know about the deep ocean. But increasing demand for rare metals and other valuable minerals could bring industrial-scale prospectors to seafloors off the Western U.S. before the consequences of ocean mining, let alone the nature of the ocean itself, are barely understood. Seabed mining (SBM) is an…
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ISLAMABAD: An accountability court on Thursday rejected former prime minister Shahid Khaqan Abbasi’s plea seeking live telecast of LNG terminal case proceedings. PML-N leader Shahid Khaqan Abbasi had filed a petition in the accountability court and requested live coverage of the LNG reference against him and others by the NBA. Abbasi, former finance minister Miftah Ismail, former managing director of…
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Growth in the petroleum industry has gradually moved from positive to negative over the last four years. Product-wise overall growth that recovered post FY16 has been falling in the last two fiscal years. FY20 has been the weakest year in terms of year-on-year growth that stood at -20 percent as per SBP’s Annual Report for FY20 released yesterday. Year-on-year growth…
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The Sindh government announced on Wednesday the successful completion of its ground-breaking pilot project to extract palm oil from the indigenous plantation of oil palm trees in the Thatta district. It said the pilot project successfully completed by its Environment and Coastal Development Department had shown that the coastal strip of the country had the capability of growing oil palm…
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Pakistan and India are likely to witness a prolonged winter this year, global environmental experts have predicted. According to the Indian meteorology and climate change organisation Skymet Weather’s vice-president Mahesh Palawat, winter in Punjab, Northern Sindh, and Northern Balochistan may be longer and more severe this year. He said that historically, winter during the La Niña years are harsher and…
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