ISLAMABAD: The government-owned National Transmission & Despatch Company (NTDC) has challenged certain directives of the National Electric Power Regulatory Authority (Nepra), saying these will limit the scope of bidding for lowest tariff and lead the country towards another ‘capacity trap’. The “NTDC believes that while considering these directions, size of committed set of projects would […]
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MULTAN: Foreign Minister Shah Mehmood Qureshi said that the government wanted reduction in the rates of independent power producers (IPPs) and Prime Minister Imran Khan had discussed the matter with IPPs. Addressing a ceremony of the inauguration of 132-kv grid station at Fatima Jinnah Housing Scheme here on Sunday, the foreign minister said that the […]
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The monsoon rains in August have spelt disaster for the agriculture sector in rural Sindh. The economy of medium- and small-size farmers has been dealt a serious blow at a time when crops were at the harvesting stage. Besides cotton, vegetables, onion and tomato crops have been destroyed. Substantial losses are reported in the sugarcane […]
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Faced with a balance-of-payments problem, Pakistan urgently needs as much foreign investment as possible. This need becomes all the more urgent keeping in view a limited scope of volumetric expansion in exports and remittances in the short term. Pakistan’s foreign direct investment (FDI) grew to $2.56 billion in 2019-20, up from $1.36bn in 2018-19 but […]
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When Archie Jafree heard that Lord & Taylor filed for Chapter 11 bankruptcy in early August, he was sad about the fate of the storied retailer with roots dating back to 1824. Still, the 36-year-old northern Virginia resident acknowledged he hadn’t shopped there in months, preferring instead to go to Nordstrom and Zara, where he […]
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QUETTA: Consul General of Iran Hassan Darwesh called on Customs Collector Abdul Waheed Marwat and discussed with the latter ways of increasing cooperation to enhance trade between Pakistan and Iran. Referring to the importance of bilateral trade for providing employment opportunities in the two countries, the Iranian envoy underlined the need for further increasing working […]
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A Saudi court on Monday overturned five death sentences over journalist Jamal Khashoggi’s murder in a final ruling that jailed eight defendants to between seven and 20 years, state media reported. “Five of the convicts were given 20 years in prison and another three were jailed for 7-10 years,” the official Saudi Press Agency said, citing a […]
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Poisoned Russian opposition leader Alexei Navalny’s condition has improved, allowing doctors to take him out of an induced coma, the German hospital treating him said on Monday. Navalny, a fierce, high-profile critic of Russian President Vladimir Putin, was flown to Germany last month after falling ill on August 20 on a domestic flight in Russia. German chemical […]
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The Indian Army has asked its Chinese counterpart if five civilians who went missing from an eastern border state days ago were in their custody, an Indian military spokesman said on Monday. Relations between the nuclear-armed Asian giants have hit a multi-decade low since clashes at their western Himalayan border in June that killed 20 Indian soldiers. […]
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India displaced Brazil on Monday to take second place after the United States in terms of coronavirus infections, with 90,082 new cases whose numbers are expected to grow, while some cities re-opened underground train services shuttered for months. With its nationwide tally of 4.2 million exceeded only by the US figure of 6.2 million, India […]
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