Posts tagged as: crisis

Petrol Shortage Situation Sees Improvement After Government Takes Action

Petrol situation improving

The petrol shortage crisis in the country is easing up after the government set up a ‘situation room’ to monitor sales and supply and the Prime Minister is expected to review the situation today in regards to the continued supply of petroleum over the next two months. Several petrol stations in Lahore were reportedly servicing […]

Chashma Nuclear Power Plant II trips again; loadshedding crisis exacerbated

Mianwali: (Tuesday, July 24, 2012) Adding to the already exacerbated energy crisis in Pakistan, the Chashma Nuclear Power Plant (CNPP) has once again tripped today due to which power supply of 325 megawatts have suspended to the national grid. According to the Ministry of Water and Power, 325 megawatts of energy was reintroduced to the […]

PML-N Equally responsible for current political crisis: Imran Khan

PML-N Equally responsible for current political crisis: Imran Khan Hyderabad: (Saturday, June 23, 2012) Pakistan Tehreek-e-Insaaf Chairman Imran Khan, who is visiting Sindh province these days, said that there would be no dialogue with Pakistan Muslim League Nawaz (PML-N) as it is equally responsible for the prevailing crises in the country. Talking to the journalists […]

An end to famine in Somalia

Somalia has managed to declare an end to the famine that has plagued the country over the past six months. However, several organizations in the country warn that this statement does not mean that the emergency is over. Six months after it began, the United Nations has declared an end to the famine that has […]

Spain banking system in need of a bail-out plan, real problem still in grey zone – Part 1

Soon after the 2008 crisis that hit the West the most, Europe went on a shopping spree, borrowing money from banks in huge sums. Now the bad debts are haunting the whole continent like the notion of Armageddon. Spain is not an exception and is on the verge of collapse if the European Union does […]

Spain banking system in need of a bail-out plan, real problem still in grey zone – Part 2

The solution to the above is bail-out, undoubtedly but it itself has two-fold problem that is fending the central government and sovereign governments of the countries. First, EU wants to instil the money into the banking sector of the countries like Spain but it is not only Spain that is in the oblivion. Countries like […]

Asian markets see rise after European deals and Chinese growth

Asian markets mostly rose Monday following strong manufacturing figures from China and after euro zone finance chiefs agreed to boost the region’s firewall against future debt crises. The yen eased against the dollar and euro as traders moved out of the safe-haven currency in the wake of the optimistic news while strong US consumer spending […]

New oil discoveries can prove to be fruitful – Pakistan oil and gas sector update

New oil discoveries can prove to be fruitful – Pakistan oil and gas sector update Ministry for Petroleum and Natural Resources assured that per day production of gas would be increased 800 million cubic feet by the month of September. The ministry also said that 38 new reservoirs of oil and gas have been discovered […]

Government has moved the country to a crisis by not implementing SC verdict: Nawaz Sharif

Government has moved the country to a crisis by not implementing SC verdict: Nawaz Sharif Lahore: (Thursday, January 12, 2012) Pakistan Muslim League – N chief Nawaz Sharif while talking to media yesterday said the government had moved the country towards a serious crisis by not respecting and implementing the apex court’s orders. Hinting on […]

Oil up near $104, Iran sanctions support

Oil up near $104, Iran sanctions support * Lower volumes could mean greater volatility SINGAPORE: Oil prices were up near $104 on Friday, consolidating after a heavy sell off earlier in the week, supported by a weaker dollar and concern over US sanctions against Iran, but the eurozone debt crisis continued to weigh. Brent crude, […]

Minister directs SNGPL, SSGCL to glass and market LPG for consumers – Oil and gas update

Minister directs SNGPL, SSGCL the glass, the LPG market * Gap between supply and demand of natural gas has reached a point almost 1000 mmcfd Islamabad: In order to facilitate the domestic gas consumption during the severe gas crisis in the country, the Federal Minister for Petroleum and Natural Resources Dr Asim Hussain directed Sui […]

Deepening Crisis

  Deepening Crisis   The crisis between the U.S. and Pakistan had been brewing for the American operation on Pakistani soil that killed Osama bin Laden on May 2. Crisis broke this weekend after a blunder of NATO forces. Saturday, helicopters of the transatlantic alliance mistakenly bombed two military installations in Pakistan, killing at least 25 soldiers. […]

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