Advisor to Prime Minister on Commerce and Trade Abdul Razak Dawood has said that electric fans’ exports increased by 41.47 percent during the first 10 months (July-April) of the current fiscal year 2020-21 against the corresponding period of the last financial year. In a couple of tweets on Tuesday, the advisor said that it is very pleasing to see the…
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Pakistan has called for a global transition to clean energy, saying it is a lynchpin for the achievement of the Sustainable Development Goals (SDGs) designed to combat poverty, hunger, disease and illiteracy. “Although we have made progress towards the achievement of SDG-7 in some areas, the overall effort still falls short of what is needed to meet the goals of…
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Top officials of the city’s trade bodies on Tuesday refuted claims made in a video published online by Karachi Chamber of Commerce & Industry (KCCI) on their portal regarding K-Electric’s (KE) performance. President Korangi Association of Trade and Industry (KATI) Saleem uz Zaman, President Site Super Highway Association of Trade & industry (SSHATI) Engr Nisar Ahmed, President Bin Qasim Association…
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This was the crux of the views expressed by maritime policy experts and marine scientists at a webinar titled The Ocean: Life, Livelihood and Sustainability – Opportunities and Challenges for Pakistan, said a statement on Tuesday. The speakers urged the Pakistan Maritime Security Agency (PMSA) to take the lead in enforcing environmental laws strictly by creating synergies among the environmental…
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The Organization of Petroleum Exporting Countries and their allies in OPEC+ are on a collision course with energy watchdog International Energy Agency (IEA) on at least two counts. Last month, the Paris-based IEA delivered the starkest warning yet on fossil fuels, saying the exploitation and development of new oil and gas fields must stop this year if the world remains…
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The National Economic Council (NEC) on Monday approved Rs2.1 trillion for the national development outlay, as the federal government allocates nearly two-third of its budget for infrastructure projects to satisfy unhappy parliamentarians and meet national needs. The meeting of the NEC – the constitutional economic decision making body, was marked by agitation by the Sindh chief minister over what he…
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Khyber Pakthunkhwa Government has proposed Rs40 billion development package for exploration of oil and gas activities in merged tribal districts in upcoming budget 2021-22 to fulfill Pakistan’s growing energy and fuel demands. Engineer Muhammad Luqman, Senior Planning Officer, KP Energy and Power Department told APP on Monday that a special development package worth Rs40 billion were proposed for inclusion in…
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Natural gas futures opened the week lower as a trifecta of bearish factors, including a large drop in export feed gas demand, brought prices down a couple of notches. The July Nymex gas futures contract fell 2.7 cents to $3.070. August fell 2.5 cents to $3.089. Spot gas prices were higher, however, as heat blanketed the Midwest and Northeast. NGI’s…
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LAUNCESTON, Australia (Reuters) -Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have done better than others. This was the highest in more than a decade. This grade has now climbed 49% since the end of last year, and 162% from its 2020 low of $46.37…
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With oil prices rebounding to pre-COVID levels as demand slowly returns, independent oil and gas companies need to resist the temptation of thinking that their biggest challenge is behind them. Short-term, the pandemic sent the markets into a tailspin. COVID-19 created a temporary market imbalance that, while devastating to demand and pricing in 2020, should be corrected by 2022. But…
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