In the European Union this winter, fears of rolling blackouts triggered by Russian energy export cuts amid Moscow’s war in Ukraine have subsided thanks to good luck, good weather, and quick action. A warm start to the heating season in October and November enabled the EU to slash natural gas consumption and store more fuel for the winter months. Meanwhile,…
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The Latin American country of Colombia is synonymous with violence, drug cartels and cocaine trafficking after decades of bloody multiparty low level asymmetric conflict. While cocaine, and the vast profits the narcotic generates, has long been recognized as a leading force behind the extreme bloodshed, the civil war is not limited to battling for control of lucrative coca cropping regions…
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Azad Jammu and Kashmir Minister for Energy and Water Resource, Chaudhry Arshad Hussain, performed the soft launching of the 3rd International Solar Clean Energy Conference-2023.The AJK Minister appreciated that the organizer of the upcoming conference, the Energy Update, had been constantly organizing conferences and exhibitions to promote indigenous and renewable sources of energy abundantly available in the country.He said the…
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K-Electric held its 112th Annual General Meeting (AGM) for FY22. The meeting was chaired by Moonis Alvi, Chief Executive Officer, KE who was authorized to chair this meeting by the Chairman of the Board, Mark Skelton. The Chairman and the KE Board members were in attendance on virtual mode, while KE leadership was present in person. The KE’s operational performance…
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The year 2022 remained very tough and challenging for the country’s economy on many fronts, as the consistent depreciation of the rupee continued to deepen the economic crisis, suggesting the government to consult with the business community to find a direction towards better economic solutions. FPCCI former president and BMP Chairman Mian Anjum Nisar observed that at the end of…
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The power sector circular debt has crossed the Rs 2.5 trillion mark and is growing. None of the political parties that came to power in the last decade or so have had any idea how to solve this problem. Every few years the government of the day kept on clearing the circular debt payments by parking the liabilities elsewhere. Finance…
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Coal mine accidents have unfortunately become more frequent in our country. Adding to the already alarming death toll in the country’s mining industry, two more miners died and another was injured in a coal mine gas blast in the Karez Honosam area of Orakzai on Saturday. According to data compiled by IndustriALL Global Union, unsafe mining in Pakistan claimed the…
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The China-aided Eastbay Expressway of Gwadar port has begun operation since June, enhancing connectivity of the port, which is now transporting two hundred thousand tonnes of fertilizer. Karot Hydropower started commercial operation in June as well, which provides cheap and clean electricity, and can reduce 3.5 million metric tonnes of carbon emissions annually. The TEL and Nova power plants in…
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Federal Ombudsman Ejaz Ahmad Qureshi has directed gas providing agencies including Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) to make a more responsive and effective mechanism to deal with people’s complaints. He was presiding a high-level meeting to discuss the working of gas companies and their administrative arrangements to address citizens’ complaints. The meeting…
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The Premier Shehbaz led Federal Government has stepped back from the agreed condition with the International Monetary Fund (IMF) by reducing Petroleum Levy gradually due to political gains. The Shehbaz Government had agreed with the IMF to collect Rs850 billion during the current fiscal year by gradually enhancing Petroleum Levy to Rs50 per litre up to April 2023 to revive…
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