After initially excluding it from the list of attendees, the US has invited Pakistan to President Joe Biden’s Climate Change Conference, Geo.tv reported on Monday. Following Pakistan’s initial exclusion from the summit, Prime Minister Imran Khan had responded by saying he was “puzzled at the cacophony”. “[Pakistani] government’s environmental policies are driven solely by our commitment to our future generations of a…
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According to the notification to the PSX, the company booked a profit of Rs. 5.74 billion, increasing by a massive 907 percent or 9.07x compared with Rs. 570.76 million profit earned in Q1 2020. The earnings were above the market expectations due to better DAP trading margins and lower finance costs. According to a report by Foundation Securities, the increase…
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Prime Minister Imran Khan Monday said the whole Muslim world’s collective voice and threat for trade boycott could put a stop to blasphemy as protest demonstrations would damage nothing but Pakistan’s booming economy. Will expulsion of the French ambassador and cutting ties with them will stop this (blasphemy)? Is there any guarantee that no one will do it again? I…
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Federal Minister for Information and Broadcasting, Chaudhry Fawad Hussain on Sunday categorically stated that no talks would be made with lawbreakers and defunct organizations challenging the writ of the state. The workers of TLP had been involved in attacking Nawan Kot police station and abducting police personnel, he said talking to a private television channel. The defunct organization could not…
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LAHORE: The dispute between the state-owned gas companies and sponsors of the two proposed private LNG terminals — Tabeer and Energas — over pipeline capacity allocations for the projects will likely linger for a much longer period than anticipated by the investors. While the investors are looking for firm commitments from Sui Sothern Gas Company (SSGC) and Sui Northern Gas…
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NTDC Headquarter, WAPDA House Lahore (18 April 2021) In pursuits of early completion of its projects, the National Transmission & Despatch Company Limited (NTDC) has completed 04 more 500 kV transmission line circuits for evacuation of electricity from power plants located in southern parts of the country. The transmission line circuits have been connected with HVDC Converter Station at Matiari.…
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April 2021
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In Asia, latest official data showed Singapore’s petrochemical exports surged by 51.4% year on year to Singapore dollar ($) 1.59bn in March, supporting the increase in overall non-oil domestic exports (NODX). The city-state’s NODX rose by 12.1% year on year in March to S$17.8bn, accelerating from the 4.2% expansion in February, according to Enterprise Singapore. Singapore’s non-electronic NODX, which includes…
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ISLAMABAD: With the current portfolio of $300 million for undertaking energy projects in Pakistan, USAID’s energy experts have said Pakistan would have to place a competitive market to fix problems of this important sector.https://e3fa250c3a490d9bbd8f7708d1127630.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html “USAID had so far invested over $800 million in the energy sector in Pakistan during the last 10 years. Our existing portfolio stands at $300 million,…
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Pakistan is finalizing a plan to address about 2.2 trillion rupees ($14.4 billion) of debt the government owes to the energy sector, a liability that’s doubled in the past two years as power purchases outstripped demand. Islamabad aims to pay 400 billion rupees in late fees to several electricity producers by June in a deal to cut power costs, and…
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