A tree plantation activity was held at Hill Park of Karachi by the National Forum for Environment and Health (NFEH) under its campaign to increase green cover in the city during the current monsoon season. The NFEH joined hands with Hilal Foods, Hilal Care, and Hill Park Friends’ Group to do the plantation activity. Member of National Assembly, Saima Nadeem,…
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In a new development, the decision makers in the PTI government are making their mind to squeeze the role of Special Assistant to Prime Minister Tabish Gauhar only to the power sector and he will have no role as the SAPM in the petroleum sector. Tabish Gauhar was made SAPM on Petroleum also when Nadeem Babar quit under the directions…
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The government received $1.6 billion in gross foreign loans in July, 100% higher than the same month of previous year, amid heavy reliance on borrowing to build the foreign exchange reserves and repay the maturing debt. In the first month of fiscal year 2021-22, the government received $1.6 billion in total external inflows from multiple financing sources, reported the Ministry…
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Making a new record, state-run Pakistan State Oil (PSO) on Tuesday awarded a liquefied natural gas (LNG) cargo to commodity trader Vitol at 24.5456pc of Brent (about $17.86 per mmBtu) – the most expensive so far – for delivery on Sept 26-27. “PSO has decided to award the below mentioned cargo for supply of LNG,” PSO announced on its website.…
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The International Monetary Fund (IMF) and Pakistan remain engaged to conduct technical and data discussions for the sixth review under the Extended Fund Facility (EFF) programme. This was stated by Teresa Dabán Sanchez, IMF Resident Representative in Pakistan while responding to Business Recorder queries. She stated, “IMF team remains engaged with our Pakistani counterparts on conducting technical and data discussions.…
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Dr. John P. Holdren (Adviser on S&T to US President Obama for his double term in office and a distinguished faculty at Harvard and Berkley for over two decades) believes that a society can get into trouble with “energy” either by not having adequate resources or by their costs moving beyond its reach. What Dr. Holden perhaps didn’t expect was…
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In its mission to create a sustainable community, leading food company, Shan Foods, recently conducted a tree plantation activity in collaboration with ChildLife Foundation, a non-profit organization working for affordable healthcare for children in Pakistan. The drive was carried out under Shan Foods’ brand-new CSR identity, Shan Shares, which is committed to playing its part for an economically, environmentally, and…
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Granting the status of a ‘model forest’ to the Miyawaki forest planted in Jauharabad town adjacent to Khushab, the Ministry of Climate Change (MOCC) has recommended implementation of similar projects along the motorway, in Multan city its environs. Forest Department SDO Abdul Ghaffar told The Express Tribune that Japanese scientist Akira Miyawaki introduced the method of planting forests in urban areas in 1970. Through…
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Timely completion of Tarbela Hydropower Project will help in meeting the rapidly increasing demand for electricity in the country and improve the energy mix by enhancing the share of clean energy, said Federal Minister for Economic Affairs Omar Ayub Khan. Chairing a high-level meeting to review the progress on the Tarbela Hydropower Project (T5), Dasu Hydropower Project and Dasu-Mansehra-Islamabad Transmission…
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The prices of petroleum products may go down by up to Rs5 per litre for the next fortnight if the calculations of the Oil & Gas Regulatory Authority (Ogra) are accepted by the government. However, a senior official told Dawn that the Ministry of Finance would oppose any reduction in prices to recoup some of the revenue loss it had allowed early…
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