Islamabad on Friday expressed its disappointment over a resolution adopted on Pakistan’s blasphemy laws by the European Parliament, which also called for a review of GSP (Generalised Scheme of Preferences) plus status of the country. The resolution, adopted on Thursday, demanded of Pakistan to allow space for religious freedom and urged the EU authorities to review the country’s GSP+ status…
Read MoreDay: May 2, 2021
Electric Car-Charging Business Is Doing Everything But Making Money
President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit. The dilemma boils down to demand, and there’s a certain chicken-and-egg quality to it. Most electric-vehicle drivers charge their…
Read More60% work of SK Hydropower Project completed: CPEC Authority chief
Suki Kinari (SK) Hydropower Project in Khyber-Pakhtunkhwa (K-P) achieved the second-stage river closure on Friday, entering a new phase of its dam construction. The successful cut of the Kunhar River’s main riverbed with the river being diverted to spillway is to create free-from-water working areas for construction of concrete dam of the power station under the China-Pakistan Economic Corridor (CPEC),…
Read MoreIndian Billionaires Hunker Down in Safety Bubbles as Virus Rages
Some of India’s richest people are forming bubbles with their families and staff, while others are leaving for homes outside of major cities as a virus resurgence overwhelms the country’s medical system and spurs other nations to shut out Indian travelers. “I’ve been indoors with my family and our staff, that’s my story,” said Kris Gopalakrishnan, one of the billionaire-cofounders…
Read MorePakistan to seek debt restructuring of CPEC power projects
Islamabad will seek debt restructuring of $3 billion against the China-Pakistan Economic Corridor (CPEC) energy projects in an effort to eliminate the need for increasing the power tariff by Rs1.50 per unit, Special Assistant to the PM on Power and Petroleum Tabish Gohar told The Express Tribune.“The country is scheduled to make Rs435 billion or nearly $3 billion principal repayments…
Read MoreGreen energy: Govt switches to 50% hybrid system
Green energy provides a solution for cheaper power generation and the government now switches to a 50% hybrid system. With new advancements in renewable technologies, Pakistan is also focusing on producing low-cost electricity through renewable energy like solar and wind.Green energy solutions may help Pakistan overcome higher electricity rates that have become unaffordable for the consumers. The government has already…
Read MorePakistan may delay power tariff increase
He said Pakistan could also face problems in meeting oxygen supplies in case of an aggravating situation and the government was looking at ways and means to increasing oxygen production. He said it was unfortunate that whenever Pakistan reached a stage to move towards economic turn around it had been hit by the Covid-19 for the third time and hence…
Read MoreGovt to import 6,000 tonnes of oxygen: Umar
National Command and Operations Centre (NCOC) chief Asad Umar said on Friday that the federal government is set to import 6,000 tonnes of oxygen, 5,000 cylinders and 20 cryogenic tanks in a bid to build Pakistan’s capacity as a third Covid-19 wave rages on in the country. This was decided during the NCOC meeting the previous day, Umar wrote on…
Read More