EU Presses for Practical Implementation for Pakistan’s GSP+ Trade Benefit
GSP+ elevates Pakistan’s exports to the EU, fostering growth and sustainability with zero-rated tariffs on two-thirds of products. The European Union (EU) urges Pakistan for practical implementation of 27 international conventions that are integral to the Generalized System of Preferences Plus (GSP+) scheme. The EU’s fourth report on the scheme underscores Pakistan’s legislative advancements. However, […]
Global Launch: WhatsApp Introduces AI-powered Chatbot; Elevates User Experience
WhatsApp plans to introduce features like viewing status within conversations, currently testing an AI-powered chatbot for enhanced user experience. Meta, the corporate entity overseeing WhatsApp, declared in September its intent to seamlessly integrate the chatbot across its diverse platforms. Functioning on the Llama 2 broad language mode, the AI-powered chatbot facilitates fluid and lifelike conversations. Furthermore, […]
Pakistan Refinery Partners with Honeywell, UOP and Axens
In a significant development, Pakistan Refinery Limited (PRL) has inked pivotal license agreements with industry leaders Honeywell UOP and Axens for its ambitious Refinery Expansion and Upgrade Project (REUP). The project’s primary objective is to double PRL’s refining capacity from the current 50kbpd to 100kbpd while transitioning the existing hydro skimming configuration to a deep […]
Israel-Hamas Hostage Deal Expected by November 22, Despite Challenges
Amid Global Collaborations, both parties are expected to sign a “legal documentary agreement” to formalize the resolution Reuters Photos In the arena of Israel-Hamas negotiations and the unfolding dynamics of a hostage exchange, a cautiously optimistic tone emerges for the imminent finalization of a deal. Despite encountered challenges, an expectation lingers that the agreement will […]
Elon Musk Suspends Users for Anti-Semitic Language
Tesla, X, formerly known as Twitter and SpaceX’s CEO Elon Musk attends the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. — Reuters Elon Musk yielded to White House pressure and big Brands, announcing on Saturday via his social media platform X that users employing the anti-Semitic slogan “from the […]
Impending Key EV Battery Material Shortage Threatens Industry and Low-carbon Shift
A new challenge is emerging in the Electric Vehicles (EV) industry. The impending shortage of key EV battery material casts a shadow on its growth and poses a potential disruption to the delicate balance of supply and demand. It also challenges the low-carbon transition, as cleaner energy relies on making lots of batteries. Addressing these […]
PRL Inks Upgrade Agreement With OGRA
Pakistan Refinery Limited (PRL) has signed and executed the upgrade agreement with the Oil and Gas Regulatory Authority (OGRA) to upgrade its plants, the company reported on Thursday. Pakistan Refinery Limited (PRL) has emphatically pledged its commitment to national progress by steadfastly adhering to the mandatory provisions outlined in the Pakistan Oil Refining Policy for […]
Why China’s Auto Market Surges by 14% Despite Economic Slowdown?
By DSong In October 2023, sales of new vehicles in China’s Auto Market witnessed a 14 percent surge, reaching 2.853 million units. But the question is how it gave this promising growth when the economy is slowing down. As per the China Association of Automobile Manufacturers (CAAM) data, this was a significant increase from 2.505 million units […]
PRL Signing Brownfield Policy Deal with OGRA Today
Pakistan Refinery Limited (PRL) is anticipated to finalize an agreement with the Oil and Gas Regulatory Authority (OGRA) on Thursday, aligning with the ‘brownfield refinery policy’ to avail incentives aimed at enhancing existing plant development. An official from the refinery, who opted to remain anonymous, confirmed the impending signing. The official disclosed that the requisite […]
KUFPEC and OGDCL Sign Strategic MoU for Exploration in Pakistan
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) and the Pakistani Oil and Gas Development Company (OGDCL) have officially inked a Memorandum of Understanding (MoU), solidifying a collaborative alliance between the two energy giants. The comprehensive MoU outlines a strategic framework for the joint assessment of potential business prospects, both within Pakistan and in international upstream […]
