Because of the decision to reduce OPEC+ oil output, U.S.-Saudi ties are in disarray
Worldwide Network Report The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing nations like Russia decided on the fifth of this month to significantly reduce oil production from November, angering the United States. OPEC+ is a mechanism made up of OPEC members led by Saudi Arabia and non-OPEC oil-producing nations like Russia. In […]
Groundwater Export
Pakistan is the third-largest consumer of groundwater after India and the United States, accounting for nearly 9% of worldwide groundwater withdrawals. Due to these massive withdrawals, Iran is now one of the few nations whose groundwater withdrawals are greater than the pace at which aquifers naturally replenish themselves. As a result, the availability of groundwater […]
Russia is willing to sell petroleum to Pakistan
[Pakistan is prepared to purchase Russian fuel] Ishaq Dar, the finance minister of Pakistan, stated to the Financial Associated Press on October 18 that Pakistan is prepared to purchase petroleum from Russia at the same price that Russia supplied to India. In response to inquiries from the media, Dar expressed his hope that Western nations […]
China’s plan of attempting to build a self-sustaining economy is misunderstood
Zhao Chenxin, vice chairman of the National Development and Reform Commission and member of the commission’s CPC leadership group, declared that China would actively create a new development pattern with domestic circulation serving as the mainstay and domestic and international circulations promoting one another. Zhao said during a press conference on the sidelines of the […]
10.9 million native plants will be planted in South Punjab
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif has pleaded with the world community and international development organizations to support Pakistan in its attempts to deal with the aftermath of the flood, particularly in terms of addressing food issues. “There is no doubt that the situation is difficult. To reduce poverty, advance health, and education, and promote […]
Pakistan will host an IMF mission in November
After the annual meetings in November, the International Monetary Fund (IMF) will dispatch a delegation to Pakistan to begin working with the government’s preparations for the upcoming review. Jihad Azour, the IMF’s director for the Middle East and Central Asia, made the announcement during a media event on Thursday evening. “We now have a larger […]
Pakistan’s rice export options
India restricted sugar exports in May 2022 and outlawed the export of wheat. Additionally, it has prohibited the export of broken rice and imposed an additional 20% tax on milled and semi-milled rice (excluding parboiled and basmati varieties). By increasing supplies and reducing food inflation, these actions seek to manage “national food security.” Since over […]
Areas Affected By Floods Need 2,990,000 Seed Bags for Rabi Crops
ISLAMABAD: To meet the demands of the upcoming Rabi season, flood-affected areas across the nation need 2.99 million seed bags, Commissioner Food Security Ministry of National Food Security and Research announced at a meeting held on Wednesday at the National Flood Response and Coordination Center (NFRCC). At the meeting, which was presided over by Minister […]
Due to flash floods, Pakistan’s economic growth would slow to 2%, according to SBP
In the wake of the destruction caused by flash floods, the State Bank of Pakistan’s Monetary Policy Committee (MPC) predicted on Monday that the country’s economic growth will fall to 2% in FY23. According to information now available, the MPC anticipated GDP growth might decline to about 2% in FY23, compared to the earlier prediction […]
14.3% of electricity is still produced using coal
KARACHI: Due to decreasing imports, RLNG’s share dropped from 18.9% percent in August 2021 to 12.5% in August 2022, with coal’s contribution to power generation remaining same at 14.3%. The cost of RLNG in the power basket increased from Rs14.91/kWh in August 2021 to Rs24.72/kWh in August 2022, according to statistics. According to Muhammad, the […]