Pakistan Railways Minister, Sheikh Rashid said that Main Line-1 Project under CPEC to revamp entire structure of Pakistan Railways. Speaking at a press conference, Railways minister termed the project as ‘revolutionary’ and was of the view that project will significantly reduce railway accidents. He said that under the agreed terms, during construction phase total 150,000 people would work on project…
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ISLAMABAD: The Ministry of Energy (Power Division) on Sunday categorically rejected K-Electric’s version of not being supplied ample fuel to meet the energy demands of Karachi. Earlier this week, KE CEO Moonis Alvi during a public hearing held by the National Electric Power Regulatory Authority (NEPRA) had said the company’s plants ran out of oil due to which it had…
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July 11, 2020: Prime Minister Imran Khan will visit strategically important Diamer Basha Dam Project next week to review construction activities, as work on the project has commenced in the wake of swift mobilization of the Contractor to the site. Diamer Basha Dam was marred with delay of decades due to various contributing factors. However, the incumbent Government realigned the project…
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Before the pandemic put a stop to most international travel, each year millions of people flocked to Southeast Asia’s white sandy beaches, ancient temples and diverse wildlife.Last year, 133 million tourists visited the region, spurred by an increase in arrivals from China, which is now the world’s largest market for outbound travel.In some places the crowds became so intense it caused locals, environmentalists…
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ISLAMABAD: The K-Electric had informed the concerned authorities in January about its fuel requirements for the month of June but the approval for oil import was not granted in time, it emerged Saturday. During a public hearing on Friday, K-Electric chief executive Moonis Alvi had also blamed the federal government for delaying the required approvals which curtailed its power generation…
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ISLAMABAD: The K-Electric (KE) and the power regulator on Friday hinted at inducting rental power projects and doing away with peak and off-peak tariff during the period of prolonged power cuts amid severe criticism from consumers over poor service and call for ending monopoly by allowing more utilities in the country’s largest metro-politan of 15 million. These were the key…
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The United States and Libya are probing a suspected scheme in which eastern Libyan strongman Khalifa Haftar is allegedly paying Nicolas Maduro’s regime in Venezuela U.S. dollars in exchange for gold, The Wall Street Journal reported, quoting Western and Libyan security officials. Libya’s government, against which Haftar’s Libyan National Army (LNA) and affiliated factions are fighting in the civil war,…
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Marathon Petroleum Corp (NYSE: MPC) began restarting its 585,000 bpd refining complex in Galveston Bay that has been shuttered for more than a month now, according to Reuters sources. The complex—America’s second-largest refinery after Motiva–was shut on May 23rd as part of a massive overhaul. Marathon did not confirm the plans to restart, but the sources indicate that its 225,000…
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The record stockpile of natural gas in northwest Europe and Italy is eating into the regions’ thirst for Gazprom’s product, according to Reuters, and the Russian gas giant has lost more ground in terms of sales to the area compared to its competitors. Gazprom’s falling natural gas exports to the region have caused Gazprom’s share of the natural gas market…
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ISLAMABAD: A sum worth Rs30 billion has been allocated to the Naya Pakistan housing scheme, Prime Minister Imran Khan announced in a live televised address on Friday, in line with helping the underprivileged class build their own homes. Addressing the nation after chairing a meeting of the National Coordination Committee on Housing, Construction, and Development, PM Imran said the scheme…
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