2020 - Page 61 of 229 -

The World Health Organization warns countries not to be complacent in measures to prevent Corona

October 13, 2020May 28, 2023 Admin

The Executive Director of the World Health Organization’s emergency program, Dr.Mike Ryan, has warned all countries of the world against negligence in following the measures to prevent the emerging coronavirus, from wearing a face mask, social distancing, etc. For his part, the Director-General of the International Organization, Dr. Tadros Adhanom, said – in a press conference, today / Monday /…

Singaporean Company Places Lowest Bids to Pakistan LNG Tenders

October 13, 2020June 25, 2023 Admin

Pakistan has received bids for two cargoes of liquefied natural gas (LNG) of 140,000 meters each from multinational commodity trading company Gunvor Singapore, a national daily reported. In response to an international tender issued by the state-owned Pakistan LNG Limited (PLL) in September, Gunvor Singapore placed the lowest bids at 14.2277 percent for 8-9 November and at 13.8377 percent for…

U.S. energy companies begin restoring oil and gas output after hurricane

October 12, 2020June 2, 2023 Admin

Chevron Corp, Royal Dutch Shell Plc and BHP Group all said workers were headed back to production platforms in the U.S.-regulated northern Gulf of Mexico. BHP expects to complete the return of workers to its Shenzi and Neptune production platforms on Sunday, spokeswoman Judy Dane said, adding that resuming flows will depend on how quickly pipelines return to service. It…

IMF programme revival

October 12, 2020April 9, 2023 Admin

Reports indicate that Pakistani authorities held a video conference with the International Monetary Fund (IMF) mission led by Ernesto Rigo for the stalled 6 billion dollars Extended Fund Facility programme recently in which the Fund team reportedly insisted on raising power tariffs as well as achieving the budgeted tax revenue target of 4.9 trillion rupees for the current year. This…

Pakistan’s peaceful nuclear programme

October 12, 2020April 30, 2023 Admin

Spanning over decades, Pakistan’s peaceful nuclear programme became a great success story though it has been subjected to a politically motivated narrative all along. The peaceful application of nuclear energy relates to power generation, agriculture, health, mineral exploration, industry and of course is vital for socio-economic uplift of any country. In addition, the nuclear power projects provide employment opportunities to…

Centre, Balochistan yet to decide development, production of Sui Lease

October 12, 2020December 21, 2023 Admin

Islamabad- The Federal government and government of Balochistan have yet to resolve the issue pertaining to the signing of Development and Production of the Sui Lease even after the passage of more than five years of the expiry of the lease in July 2015. A committee comprising of the Federal and Balochistan government representatives will meet tomorrow (Tuesday) to attempt…

OPEC’s No.2 Expects Another Weak Quarter Of Oil Prices

October 12, 2020May 28, 2023 Admin

Iraq expects the pressure on oil prices to continue through at least the first quarter of 2021, with oil minister Ihsan Abdul Jabbar expecting the average for Brent during January-March 2021 at $45 a barrel, Bloomberg reports, citing an interview of Jabbar for Iraqi daily Al Sabah. As a result of this expectation, Baghdad will be basing its 2021 budget…

EU Targets Emission Savings From Buildings

October 12, 2020June 14, 2023 Admin

The European Union (EU) aims to make buildings more energy efficient to save energy and cut emissions, European Commission President Ursula von der Leyen said on Monday. Public buildings and private homes are currently responsible for 40 percent of the EU’s energy consumption, she said, noting that the process of renovation and retrofitting has already started. “But at the current…

The Ticking Time Bomb of Circular Debt

October 12, 2020June 25, 2023 Admin

The loan programme of the International Monetary Fund (IMF) suspended in January remains in limbo as Pakistan’s public debt went past 87 per cent of GDP at the end of 2019-20, up from about 72pc of GDP at the end of 2017-18. Pakistan direly needs the IMF support to maintain healthy foreign inflows from bilateral and multilateral lenders to keep…

Consumers’ Dilemma and the gas sector crisis in Pakistan

October 12, 2020April 18, 2023 Admin

Pakistan’s energy crisis resulting from expensive fuel sources, chronic natural gas and electricity shortages, highly inefficient distribution system, culture of non-payment of bills, theft, circular debt, and inadequate and aged transmission and distribution systems – has played a role in the country’s laggard economic growth. But while the country’s power sector woes are much talked about, far less is debated…