The global electric battery market has expanded dramatically over the last year, as the push to shift from traditionally fuelled cars to electric alternatives has never been stronger. So, how will emerging battery markets overcome supply chain challenges to ensure that the future of electric battery development is secure? The global supply chain is still being hit hard by ongoing pandemic restrictions, the…
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Europe-Asia cargo transportation through the Caucasus is growing manifold as international shippers seek to avoid Russia and hasten to set up new transit routes. Cargo transshipment through Central Asia and the Caucasus will grow six times in 2022 compared to the previous year, to 3.2 million metric tons, according to the estimates of an association composed of the major state…
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The government is likely to withdraw the subsidy of Rs.5 per unit from June 1, 2022, extended to electricity consumers using 700 units monthly across the country sans ToU (Time of Use) meters, under former Prime Minister Imran Khan’s Relief Package on the pressure of International Monetary Fund (IMF) and World Bank, well-informed sources told Business Recorder. Sharing the details, sources…
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The Oil and Gas Regulatory Authority (Ogra) has allowed late Friday night a raise in gas prices up to 45 percent in order to meet the revenue shortfall of both gas utilities – SNGPL and SSGC. In its decisions, the regulator has allowed the SNGPL an increase of 45 percent. The gas company had demanded a 198 percent increase in…
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Pakistan’s increasing population coupled with increasing demand of agriculture and other sectors and heavy dependence on Indus River for our water requirement is making Pakistan vulnerable to climatic shocks. Dr Mohsin Hafeez, Country Representative-Pakistan and Regional Representative-Central Asia, International Water Management Institute (IWMI) stated this while speaking at a media workshop arranged by the IWMI to mark the ‘World Environment…
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As the oil prices have been increased by another Rs30/liter and power tariff has gone up by Rs7.9/unit the Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has stated that the government has dropped a fuel bomb on the businessmen after it suffered an electric shock to meet the conditions of IMF for the…
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The government on Friday increased the defence budget for the outgoing fiscal year by nearly 6% to over Rs1.45 trillion in a bid to meet the needs of the armed forces, including their enhanced salary requirements. The decision to increase the defence budget by another Rs80 billion was taken by the Economic Coordination Committee (ECC) of the Cabinet that in…
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The business community has asked the government to exempt the industrial zones from electricity loadshedding, as the power crisis, all over the country, has worsened and the total shortfall has crossed the level of more than 6,500MW. Pakistan Industrial and Traders Associations Front senior vice chairman Nasir Hameed and vice chairman Javed Siddiqi, in a joint statement, said that all…
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Rapid transformation of farmlands nearby cities into housing schemes poses serious environmental challenge’ Karachi The rapid transformation of the farmland nearby cities particularly that in the vicinity of Karachi into urban housing schemes has emerged as one of the biggest environmental challenges in Pakistan.The issue of fast shrinking farmlands nearby urban centres of the country was raised by the concerned…
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