Day: February 7, 2021

Leading infectious diseases’ experts and vaccinologists have warned that herd immunity against the coronavirus cannot be achieved globally without vaccinating children, arguing that vaccinating the adults may prevent mortality, but the transmissibility of the virus would continue in the unvaccinated populations, especially children. They said studies to vaccinate children are underway although these studies started very late. They made it clear that the transmission of the virus will not stop even by vaccinating 70 per cent of the adult populations globally. “We may not be able to achieve herd immunity…

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ISLAMABAD: In a goodwill gesture, the top management of K-Electric has withdrawn its main conditions of Principle of Reciprocity and arbitration through the London Court from its draft terms of reference (ToRs) to resolve once for all the decade old disputes over receivables and payables between the KE and the government entities. The shareholders of K-Electric from Kuwait, Dubai and Saudi Arabia have also given the nod to the top management to remove the clause of Principle of Reciprocity and agree to the local arbitration mainly on the demand of…

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ISLAMABAD: The Cabinet Committee on Energy (CCOE) that met here on Thursday noted that the projected circular debt accumulation is on the decline as the circular debt flow in FY 2020-21 is now projected to be around Rs 440 billion compared to Rs 538 billion in the last fiscal year, primarily due to better DISCOs performance, lower unbudgeted subsidies and the impact of the recently-announced Rs 1.95 tariff increase, a senior official told The News. “With Federal Minister for Development and Special Initiatives Asad Umar in the chair, the CCOE…

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It is that time of the year again. Petrol bomb is all over the news. People have apparently been hit by the bomb for the fifth consecutive fortnight. The price notifications are being rejected left, right, and center. Those at the helm are finding other silver linings to tweet about. It is hard to fathom that a phenomenon as simple as petroleum pricing fails to be communicated well enough and continues to trigger “rejections”. But before going into the rather simple details, it would be worth reminding everybody that the…

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