ISLAMABAD: The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) has granted a stay on the enforcement of the massive penalty of $6 billion imposed on Pakistan for its decision to deny a mining lease for the Reko Diq project to Australia’s Tethyan Copper Company (TCC). The office of the attorney general for Pakistan in a statement described…
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ISLAMABAD: On July 21, the Islamabad Policy Institute issued a report titled “The petrol crisis of June 2020.” This report shows a lack of understanding, is based on misinformation and has numerous factual errors. There was a supply glut building up in the international oil markets since the beginning of the year. On February 25, 2020 the Arab Gulf Platts…
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ISLAMABAD: Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh and Chinese Ambassador Yao Jing discussed matters related to Financial Action Task Force (FATF) and the latter said that October review will go well for Pakistan. The Chinese ambassador made a farewell call on the advisor here at the finance division on Thursday. Shaikh said that China-Pakistan relations will…
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KARACHI: Startups in Pakistan are striving to lessen darkness due to insufficient electricity transmission, while making money out of the opportunity. Pakistan is one of those countries which still faces prolonged power outages and one of the main reasons is line losses at a time when the country has surplus production capacity. Inefficient distribution, coupled with lower recovery of consumer…
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As of today, Google has eliminated its entire “carbon legacy.” By that, the company means it has purchased high-quality carbon offsets to match all of the emissions ever produced by its data centers and campuses. That includes the emissions generated before Google became carbon neutral in 2007. The company says it’s the first in the world to eliminate its carbon…
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Apple has announced a target of becoming carbon neutral across its entire business and manufacturing supply chain by 2030.The company says the commitment means its devices will have had “zero climate impact” at point of sale.It told BBC News any company hoping to become a supplier would have to commit to “be 100% renewable for their Apple production” within 10…
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nippy November morning saw me driving along a mountain road in Tripuradevi village in India’s Pithoragarh district, Uttarakhand, with the warm sun peeping through the tall pines. I was there to buy hand-woven organically dyed silks and cottons created by Avani, a community organisation employing local craftsmen and providing them with a steady source of income, alongside that from the…
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A series of experiments carried out by an international group of scientists allowed them to achieve the equivalent of approximately 30 years of passive carbonation of mine tailings within four weeks. In a paper published in the journal Economic Geology, the researchers say that this accelerated carbonation of mining waste significantly increases carbon capture for environmental benefit and has the potential to recover…
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ANKARA: Turkish President Recep Tayyip Erdogan backed down on Sunday from looming conflict in the eastern Mediterranean by ordering a research ship operating in Greek territorial waters to return to the Turkish coast. Tension in the region had soared since the Oruc Reis seismic survey vessel and an escort flotilla of Turkish navy frigates was deployed last month near the…
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Leaks from last month indicate that a deal with colossal scope has been agreed between China and Iran. All the details of the agreement are not yet known, but the parts that have been reported show that this will be the biggest deal between China and any Belt and Road Initiative (BRI) country. However, considering the potential of both nations,…
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