The Aga Khan Agency for Habitat, the Ministry of Climate Change, Pakistan, World Habitat Awards and the United Nations Habitat Programme, co-organized an international virtual seminar on ecosystem restoration for quality of life. The seminar was attended by representatives from the Ministry of Climate Change, the United Nations, INGOs, Aga Khan Development Network (AKDN) agencies and partners, donor agencies, academia,…
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Liquidity constraints are taking a toll on China Power Hub Generation Company (CPHGC), an early-harvest project under the China-Pakistan Economic Corridor (CPEC). Speaking to Dawn on Wednesday, Hub Power Company (Hubco) outgoing CEO Khalid Mansoor said cash flows of CPHGC, an associate company of the country’s largest independent power producer (IPP), are suffering because the government isn’t fulfilling its commitment. “It’s a…
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ISLAMABAD: As unannounced power cuts continued for the third consecutive day almost across the country, the government on Wednesday confirmed supply shortfalls in the system due to technical reasons despite surplus generation capacity. The National Electric Power Regulatory Authority (Nepra) took serious notice of the excessive loadshedding and sought explanation from power distribution companies (Discos), including K-Electric. Minister for Energy…
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Portfolio managers increased their positions in petroleum last week, reversing roughly half the sales over the previous three weeks, as benchmark oil prices started to break up through the recent ceiling. Hedge funds and other money managers purchased the equivalent of 40 million barrels in the six most important futures and options contracts in the week to June 1, after…
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Oil and Gas Development Company (OGDCL) made five discoveries during the first three quarters of the current fiscal year 2020-21, with the preliminary reserves estimates are 53.03 billion cubic feet of gas and 0.84 million barrels of oil, a combined 10.32 million barrels of oil equivalent. According to the company’s third quarterly financial report for 2020-21, per day estimated production…
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Advisor to Prime Minister on Commerce and Trade Abdul Razak Dawood has said that electric fans’ exports increased by 41.47 percent during the first 10 months (July-April) of the current fiscal year 2020-21 against the corresponding period of the last financial year. In a couple of tweets on Tuesday, the advisor said that it is very pleasing to see the…
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Pakistan has called for a global transition to clean energy, saying it is a lynchpin for the achievement of the Sustainable Development Goals (SDGs) designed to combat poverty, hunger, disease and illiteracy. “Although we have made progress towards the achievement of SDG-7 in some areas, the overall effort still falls short of what is needed to meet the goals of…
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Top officials of the city’s trade bodies on Tuesday refuted claims made in a video published online by Karachi Chamber of Commerce & Industry (KCCI) on their portal regarding K-Electric’s (KE) performance. President Korangi Association of Trade and Industry (KATI) Saleem uz Zaman, President Site Super Highway Association of Trade & industry (SSHATI) Engr Nisar Ahmed, President Bin Qasim Association…
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This was the crux of the views expressed by maritime policy experts and marine scientists at a webinar titled The Ocean: Life, Livelihood and Sustainability – Opportunities and Challenges for Pakistan, said a statement on Tuesday. The speakers urged the Pakistan Maritime Security Agency (PMSA) to take the lead in enforcing environmental laws strictly by creating synergies among the environmental…
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LAUNCESTON, Australia (Reuters) -Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have done better than others. This was the highest in more than a decade. This grade has now climbed 49% since the end of last year, and 162% from its 2020 low of $46.37…
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