Shehbaz Sharif has said Islamabad should not be forced to go out with a “begging bowl” to wealthy nations responsible for about half of all greenhouse gas emissions after the floods devastated a third of Pakistan, arguing that he’d rather seek “climate justice” from the global community. In the second part of his interview published in The Guardian on Thursday,…
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The Executive Committee of National Economic Council (ECNEC) Friday accorded approval to 13 projects with estimated cost of around Rs598.13 billion.The Chashma Right Bank Canal project with estimated cost of Rs189.6 billion is among the approved projects. Federal Minister for Finance and Revenue Senator Ishaq Dar chaired the meeting, while Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal,…
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Government’s move to deregulate the petroleum prices has apparently hit a snag as there has been no progress on the terms of references (ToRs) in this regard, industry officials said. The cut-off date for deregulation of petroleum prices was November 1, 2022, but the ToRs have not been finalised yet. A major reason for the slowdown in the deregulation process…
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Minister for power met the representatives of State Grid China. In line with the vision of Minister Khurram Dastgir Khan, SGC has shown interest in developing advance metering Infrastructure(AMI) for DISCOs in Pak. SGC has already installed 500 million AMI meters in China ,5 million in KSA.Minister for power applauded the professionalism of State Grid China company that has installed…
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The Ambassador of Kazakhstan to Pakistan H.E. Mr. Yerzhan Kistafin called on Minister of state for petroleum Dr. Musadik Malik here today. Minister warmly welcomed the ambassador and noted the importance of energy cooperation between both the countries. Dr. Musadik appreciated the brotherly relations and long-standing people to people affinity. He further remarked that Pakistan can benefit greatly from the…
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Karachi (PR): In a message, Mr. Irfan Iqbal Sheikh, President FPCCI, has said that Pakistan needs to expand and enrich its trade promotion activities with the 57-member alliance of Islamic Chamber of Commerce, Industry & Agriculture (ICCIA) – which collectively represents a GDP of $7 trillion. He explained that these countries have huge demand for Pakistani textiles; leather goods; rice,…
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The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group recommended on Wednesday that the alliance cut 2 million barrels per day (bpd) of production for November, according to various sources after the committee’s meeting ended. The full OPEC+ ministerial meeting begins shortly. Earlier reports suggested that OPEC+ would discuss a production cut of between 500,000 bpd and 1 million…
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In late June, a severe earthquake struck southeastern Afghanistan. In the immediate aftermath of the disaster, the People’s Republic of China (PRC) announced it would provide 50 million RMB ($7.2 million) in emergency aid, including tents, blankets, cots and other sorely needed supplies to the impacted areas (People’s Republic of China Ministry of Foreign Affairs (FMPRC), June 25). Beijing invests…
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Volatility on metal and mining markets continued in the third quarter with copper losing sight of record prices hit in March, gold’s bounce back sputtering, lithium doubling in price year to date, coal surging to unprecedented levels, potash advancing to a 14-year peak and uranium experiencing the best market since Fukushima. The MINING.COM TOP 50* ranking of the world’s most valuable miners lost $134 billion – based on primary…
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The National Electric Power Regulatory Authority (Nepra) has imposed a fine of Rs10 million on the National Transmission and Despatch Company (NTDC) on account of power supply failure and partial blackout. This was due to the collapse of eight tower – two towers of 500 kV on the Dadu-Jamshoro transmission line and six towers of 500 kV from Port Qasim…
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