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Day: April 2, 2021

Here comes Hammad Azhar and the challenges awaiting the new Finance Minister

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Pakistan’s vivacious media, over the last few weeks, hasn’t commented more extensively on any other topic other than Prime Minister Imran Khan’s chameleonic transfiguring of his Cabal. Several ministers, top civil servants, and Police chiefs have been changed using former US President Donald Trump’s template. In subcontinental aphorism—India’s Nehru, during his illustrious political career, didn’t change his ‘Dhotees’ that frequently…

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Biden admin aims for U.S. leadership in offshore wind: official

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President Joe Biden’s cabinet earlier this week unveiled a plan to boost the industry that promised new acreage, faster permitting, and billions of dollars in financing – part of his sweeping plan to fight climate change by decarbonizing the economy. “The distinction now is that we have a president and an administration that is really harnessing this opportunity to fight…

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Searle to make Chinese Covid vaccine in Pakistan

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KARACHI: The Searle has signed an agreement with Chinese pharmaceutical group for the manufacturing of novel coronavirus vaccine in Pakistan. The Searle Company has concluded an exclusive licensing and supply agreement with Livzon Mapharm Inc. for the recombinant novel coronavirus vaccine (V-01). The licencing agreement also covers the manufacturing transition of (V-01) in Pakistan,” a bourse filing said on Thursday.…

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Sapphire’s EV Ambitions

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Finally, electric bus has made its debut in Pakistan. Yesterday, there was a soft launch of first electric bus by Sapphire Group in Karachi. The project does not aim to receive any operational subsidy from the Sindh government, yet still aims to be affordable for consumers. Moreover, the real benefit is in the form of reductions achieved in carbon emission.…

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Petrol prices: Relief mode on?

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Inflation concerns in Islamabad are getting more and more obvious by the day. Petroleum prices were reduced for the first time since mid-November 2020. A 2.6 percent decrease in benchmark Arab light crude oil coupled with 1 percent appreciation in rupee – over the previous fortnight, made it easier for the government to reduce petrol and HSD prices by 1.4…

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An interview with Syed Moonis Abdullah Alvi, CEO, K-Electric

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A chartered accountant by profession, Syed Moonis Abdullah Alvi’s career spans over three decades in the finance industry with a focus towards driving operational efficiencies, financial planning and capital restructuring. He has been associated with K-Electric in various positions. Mr. Alvi joined K-Electric in 2008 and has served as K-Electric’s Chief Financial Officer. He has also served as KE’s Company…

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SSGC MD assures Site body: Industrial sector’s issues to be resolved

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KARACHI: Managing Director of Sui Southern Gas Company Ltd Imran Maniar visited Site Association and met with Zubair Motiwala, President Site Association, Javaid Bilwani, Salim Parekh, Younus Bashir and other members of the association along with multiple industrialists who were present at the occassion. Representing SSGC were Saeed Ahmed Larik – DMD UFG, Brig Abuzar (R), Shahbaz Islam and Asif…

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Flagship CPEC power transmission line shelved till Sept

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LAHORE: The launching of flagship China Pakistan Economic Corridor (CPEC) 4,000mw South-North transmission line project has been delayed to September 2021, making grid stability and power affordability another pipe dream for now, The News has learnt. The delay has been attributed to outstanding work, pending on the part of both state-owned transmission company and the contractor. According to the Memorandum…

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