Stocks on Wednesday barreled ahead for second day on reports that renegotiation of IMF program and release of private power producers’ dues were in the offing, dealers said. Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index gained 0.85 percent or 380.02 points to close at 44,943.61 points. Participation improved to 259.86 million shares from 221.50 million on Tuesday. Amreen Soorani at…
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The Economic Coordination Committee (ECC) here on Wednesday made the government intention clear of taking over K-Electric if the utility company continues to avoid signing power purchase agreement (PPA). Regarding the power purchase agreement with K-Electric, the cabinet member said that after repeated failure of Power Division to sign agreement with the power utility, the ECC constituted a four member…
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In a positive sign, the number of registrations for the coronavirus vaccine have been increasing significantly as over 200,000 people got vaccinated against the virus on Tuesday, said Federal Minister for Planning and Development Asad Umar. Taking to Twitter on Wednesday, the federal minister noted that the number of registrants of the coronavirus vaccines in the country has exceeded the…
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Economic Coordination Committee of the Cabinet (ECC) has approved payment of first installment to 35 Independent Power Producers (IPPs) out of total 47 whereas payment to the remaining 12 IPPs (under Power Policy 2002) may be withheld owing to the NAB investigation. Federal Minister for Finance and Revenue Shaukat Tarin chaired the meeting on Wednesday. Power Division presented a summary…
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The western alignment routes of the China-Pakistan Economic Corridor (CPEC) will be completed in around three years while the country is entering the second phase of CPEC that primarily focuses on agriculture and mass industrialisation, said CPEC Authority Chairman Asim Saleem Bajwa. Speaking to businessmen at the Karachi Chamber of Commerce and Industry (KCCI), he said that work on the western alignment was underway on…
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New Delhi: Speciality chemical company Anupam Rasayan India on Tuesday said it will invest Rs 43 crore to set up a 12.5 megawatt (MW) solar power plant. “In a conscious move towards reducing dependence on non-renewable energy and cost saving measure, Anupam Rasayan… has issued a letter of intent to install solar power by investing a sum of Rs 43…
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Gerald Lucas, 69, is a former coal miner and federal mine inspector who now gives public tours underground at the Beckley, W.Va., Exhibition Coal Mine, a working mine that ceased operations in 1953. He describes it as a fun job that allows him to share his decades of experience with visitors. Lucas’s career change is becoming more common among West…
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Pandemic restrictions in 2020 caused the largest absolute drop in carbon-dioxide pollution from energy use since World War II. But lockdowns eventually lifted, and as economic activity picked up, emissions resumed very quickly by year’s end. In December, worldwide emissions were 2% higher than the same month in 2019, according to new data from the International Energy Agency. Emissions from…
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The oil sales in Pakistan have seen a huge jump of 57% in the month of April 2021. The country recorded sale of 1.67 million tons of oil in the said month, compared to 1.07 million tons in April 2020. The Month on Month (MoM) sales were increased by 13%, from 1.49 million tons in March 2021. During the ten…
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CPEC Authority Chairman Lt General (retd) Asim Saleem Bajwa Tuesday said no power on earth could sabotage China Pakistan Economic Corridor (CPEC) as it was the country’s national project. Addressing a ceremony at Karachi Chamber of Commerce and Industry (KCCI) here, he said CPEC, being a flagship project of the Chinese Belt and Road Initiative, had improved the road connectivity…
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