US President Donald Trump’s much heralded new tone on the coronavirus pandemic evaporated on Tuesday in a burst of misleading medical speculation, criticism for his own top virus expert, and praise for an eccentric preacher-doctor touting conspiracy theories. Just a week ago, Trump sought to get his shaky re-election campaign back on track by addressing national criticism of a leadership…
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ISLAMABAD: Federal Minister for Energy Omar Ayub Khan on Wednesday said the government planned to hold a thorough investigation into the fuel crisis, which occurred last month, to take the elements involved in hoarding and creating artificial shortage of the commodity to task. “A commission has been formed by the federal cabinet in its last meeting,” the minister said, during…
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ISLAMABAD: Ministry of Water Resources (MoWR) has challenged recommendations of Council of Common Interests (CCI) regarding appointments of Wapda Chairman and Members, saying the direction is against the judgment of Lahore High Court (LHC), sources in the Ministry told Business Recorder. Wapda was established as a body corporate under section 3 of an Act of Parliament in 1958 for the…
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LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Anjum Nisar on Monday stressed the need for resolving the circular debt issue by revamping the entire power sector, including tariff setting, efficiencies of power generating units, supply chain network and payment recoveries. If this is not done, the future of energy sector would remain at stake, the…
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ISLAMABAD: China-Pakistan Economic Corridor (CPEC) projects have not only remained unscathed by the Covid-19 pandemic but Pak-China bilateral cooperation has increased during this period, officials and think tank representatives said on Thursday. They were speaking at a webinar on ‘New Opportunities and Challenges of China-Pakistan Cooperation in the Post-Epidemic Era’, which was participated in by experts of Chinese and Pakistani…
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Chairman CPEC Authority Lt. General (retd) Asim Saleem Bajwa has said that the 306 kilometers Sukkur-Hyderabad Motorway (M-6) will promote the socio-economic development of interior Sindh. The M-6 motorway is approved in the Executive Committee of the National Economic Council (ECNEC) on BOT basis. Chairman further underlined that M-6 will enhance motorway connectivity by linking East Balochistan to entire Motorway…
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Ongoing development of new liquefied natural gas (LNG) projects in Russia will allow it to seize a 15-percent share of the global LNG market, Russian Energy Minister Alexander Novak wrote in an article in the Russian magazine Energy Policy. Since Russia began LNG exports in 2009 with the Sakhalin-2 project, its exports of LNG have increased 4.5 times, Novak said.…
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The Pakistan Meteorological Department on Thursday predicted rain and thunder in Karachi from tomorrow in a second spell of downpour this season. The department’s director, Sardar Sarfaraz, said the spell would last a day or two and would be preceded by dusty winds. “Initially we had said that the second spell would start from July 15 but then the situation…
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China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2 per cent expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened. Growth reported on Thursday for the three months ending in June was a dramatic improvement over the previous quarter’s 6.8pc contraction — China’s…
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Venezuela’s state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world’s largest oil reserves that is experiencing severe gasoline shortages, sources with knowledge of the matter told Reuters. PDVSA’s refinery Cardon, capable of processing 310,000 barrels per day, was hit by a fire last week and people with knowledge of…
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