There was a time when Peshawar was known as the city of flowers. Perhaps this was because of the many gardens built in the 16th and 17th centuries during the Mughal Era. Professor Sayed Amjad Hussain wrote in the September 7, 2018 issue of The Friday Times that, “At one time, Peshawar was known by her monikers ‘City of Flowers’…
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A Chinese company building a 720-megawatt hydropower generation complex on the Jhelum River says it has been facing serious problems and delays in obtaining advance tax exemption orders at import stage from the Federal Board of Revenue (FBR) for the last few months. In a letter to CPEC Authority chairman Asim Saleem Bajwa, the Karot Power Company Ltd (KPCL) complained…
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The Pak-China Relations Steering Committee on Monday directed finalisation of a uniform policy framework within a month for extension in commercial operation dates (CODs) of five power projects of about 3,600 megawatts being set up under China-Pakistan Economic Corridor (CPEC). The meeting presided over by Planning Minister Asad Umar also directed the Power Division to ensure availability of sufficient power…
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Making a new record, the state-run Pakistan State Oil (PSO) has purchased a cargo of liquefied natural gas (LNG) at $20.055 per unit (almost 27.9pc of Brent), the highest ever not only in the country but perhaps the second highest summer purchase in the world. This comes at a time when the government was justifying $15.5 per million British thermal…
Read MoreBusiness has been difficult for restaurateur Sylvain Belaud ever since the beginning of the COVID-19 pandemic, with turnover plummeting by 60% last year. And now the director of the Cafe Francoeur in the Montmartre area in northern Paris will have to face what feels like yet another obstacle on the way back to business as usual. A “health pass” will…
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Climate change is hitting home everywhere. Just in the last few weeks, extreme heat, floods, and fires have all come to look like part of the new abnormal, and few places are safe. New York is issuing air quality alerts because of wildfires some 3,000 miles west. Climate policy, too, is increasingly personal, and there’s nothing quite as personal as…
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The commercial and domestic consumers have demanded the government to withdraw the recent increase in the price of the liquefied petroleum gas. “The price of mega cylinder has reached to Rs7715 and small/ domestic cylinder to Rs2100 following the sudden increase of Rs5 per kg in LPG price in the local market,” Muhammad Ismail, a hotelier, told reporters here on…
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ADNOC Logistics and Services (ADNOC L&S) is the largest and most diversified integrated maritime logistics company in the Gulf. The company, which provides logistics, shipping and marine operations, plays a critical role in enabling the UAE’s oil and gas sector and ADNOC’s goal to maximise value from every barrel of oil it produces, processes, ships and sells. ADNOC L&S has…
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Emirates Global Aluminium, the largest industrial company in the UAE outside the oil and gas sector, today signed an agreement with Gulf Extrusions, which is owned by the Al Ghurair Group, on the innovative reuse of industrial by-products derived from production operations, as an alternative to using raw materials. The agreement adds to the efforts of Emirates Global Aluminium to…
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In the context of the fourth industrial revolution and the digital economy, new industries are emerging, and China will help Pakistan seize the wave of the technological revolution to “overtake” and achieve leapfrog development. In particular, in the process of promoting industrial cooperation and industrial park construction in China Pakistan Economic Corridor (CPEC), it is necessary to firmly grasp the…
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