Month: October 2022

The Supreme Court on Tuesday issued notices to Barrick Gold Corporation (BGC), Balochistan government, Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Company and others on the presidential reference regarding Reko Diq. A five-member larger bench of the apex court headed by Chief Justice Umar Ata Bandial and comprising Justice Jamal Khan Mandokhail, Justice Aijazul Ahsan, Justice Munib Akhtar…

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Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said on Tuesday some countries were using their emergency stocks to manipulate markets when their purpose should be to mitigate any shortages of supply. The comment appeared to be a criticism of U.S. President Joe Biden’s decision to sell oil from the nation’s emergency oil reserve as he tries to lower gasoline…

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Governance weaknesses and problems in Pakistan are direct outcome of prevalent duality in its power structure, run by different de jure as well as de facto entities. This duality bearing on civil and military establishments, in non-compliance with constitutional obligations, has thrown the democratic political system out of equilibrium. This aspect of the political system, along with several others, was…

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Officials from the Asian Development Bank (ADB) said on Monday that its $1.5-billion Building Resilience with Active Countercyclical Expenditures (BRACE) programme will provide timely liquidity to Pakistan and help mitigate the immediate impact of exogenous shocks. In a meeting with Prime Minister Shehbaz Sharif, they said that the funding will also allow the government to roll out its relief and…

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National Iranian Gas Company (NIGC) has reached new agreements with Turkey’s state-owned BOTAS Petroleum Pipeline Corporation on gas exports to the neighboring country, a senior official with NIGC announced on Sunday. National Iranian Gas Company Dispatching Director Mohammadreza Jolaei said that some expert-level meetings have been held between the two sides and new agreements have been reached. According to Jolaei,…

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Pakistan offers a world of opportunities due to its geostrategic location, agricultural potential, and wealth of minerals and natural resources. Moreover, it has a burgeoning young population which is almost 60% of the total population and offers a highly potent resource. Why do we then find ourselves in this continually rising debt situation with exports on diminishing lines and imports…

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Low gas pressure irked the residents of different localities of the city for the past few days creating problems for domestic users, especially in the mornings. The residents of Muslim Town, Sadiqabad, Satellite Town, Dhoke Elahi Baksh, Dhoke Khabba, and many other localities have been facing a gas shortage and low gas pressure for the last few days The unannounced…

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