ISLAMABAD: With the lowest GDP growth of 0.5% among all South Asian nations, the World Bank (WB) has warned Pakistan about external financing risks that could be compounded by difficulties in rolling-over bilateral debt from non-traditional donors and tighter international financing conditions. The WB’s report on South Asia reveals that regional growth was expected to rebound to 4.5% in FY21…
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Mian Anjum Nisar, President FPCCI has demanded urgent solution for the problem of urban flooding and water shortage in Karachi, at a dinner reception hosted by Mr. Obaid Saleem Patel, Convener FPCCI Standing Committee on “Urban Development and Mr. Saleem Qasam Patel, CEO M/s. Basic Const Group. President FPCCI said that in recent years, Karachi city has been facing severe…
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The United Arab Emirates is continuing to diversify its economy & energy resources away from oil, by investing in natural gas and renewables. The country has ambitions to become self-sufficient in gas supply by 2030. Earlier this year, a natural gas reservoir found between the emirates of Abu Dhabi and Dubai became the world’s largest discovery of its kind in…
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Oil and Gas Development Company Limited (OGDCL) has carried out 3,407 L-KMs 2D and 1,324 Sq. KMs 3D seismic surveys in its various operational areas during the last fiscal year aimed at expediting hydrocarbon exploration activities and making the country self-reliant in the energy sector. “Moreover, around 5,582 Line Kilometers (L-KMs) of 2D and 4,977 Square Kilometers (Sq. KMS) of…
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The government has taken two major steps with remarkable degree of success – report on independent power producers (IPPs) and the follow-up agreement which will reduce power generation costs by a whopping Rs1 trillion over the next 10 to 20 years, provided all generation companies including government and CPEC ones are included. If implemented finally, it would be a major…
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(NAB) was established in 1999 as Pakistan’s apex anti-corruption organisation which operates under National Accountability Ordinance-1999 which is extended to whole of Pakistan including Fata and Gilgit-Baltistan. NAB has its Headquarter in Islamabad and it has eight regional offices located at Rawalpindi/Islamabad, Lahore, Multan, Sukkur, Quetta, Peshawar, Karachi and Gilgit Baltistan. NAB under the present leadership of honourable Mr. Justice…
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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 4th Oct, 2020 ) :Oil and Gas Development Company Limited (OGDCL) has carried out 3,407 L-KMs 2D and 1,324 Sq. KMs 3D seismic surveys in its various operational areas during the last fiscal year aimed at expediting hydrocarbon exploration activities and making the country self-reliant in the energy sector. “Moreover, around…
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The world bank has shown that Pakistan is improving in the energy sector by approving 450m to support the country. As we know in Pakistan ,many resources could be used to benefit her;such as gold,natural gas, desial etc… The indicative generation capacity expansion plan 2047 which was prepared by NTDC to focus on coal, ignore the power technology and that…
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The US government is taking a $25 million equity stake in Dublin-based battery metals miner TechMet, as part of a push by President Donald Trump to reduce the country’s reliance on supply chains dominated by China. The backing from the $60 billion US International Development Finance Corporation (DFC) will help TechMet develop a nickel and cobalt mine in Brazil. Both…
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Natural gas prices on Monday rose nearly 10 percent as lofty hopes of an economic stimulus deal in the United States persist, an increase in LNG exports, and positive reports of President Donald Trump’s bout with the coronavirus reinvigorates the markets after traders were spooked last week. At 1:50 p.m. EDT, natural gas spot prices were trading up $0.241 MMBtu (+9.89%) at…
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