Oil & Gas production yet to be restored after recent deluge
Where the recent deluge has devastated the agricultural sector, it has also affected the oil and gas production sector, almost halting the production. According to the Pakistan Petroleum Information Service oil production remained 64,000 barrels a day in the month of September which is just 0.4% higher than the last year statistics of the same month. Gas production in the country also experienced a modest increase of just 2.3% to reach a level of 4 billion cubic feet. According to the Invest Cap, situation will ameliorate after the restoration of production in the affected fields.
US to Invest $ 1 Bln in Pakistan Energys Ector
January 13, 2010 by Trend PK
Filed under Breaking News
ISLAMABAD, Pakistan News: The United Stated would invest $ 1 billion in Pakistan’s energy sector, said US Special Representative for Pakistan and Afghanistan Richard Holbrooke.
The top US envoy in a function at Economic Affairs Division (EAD) said his county would invest $ 1 billion in Pakistan’s energy sector, adding that the money would be released in next four years. He said the US would also assist Pakistan in repairing 11 thousand tube wells.
Holbrooke said misunderstandings exist in Pakistani media regarding United States.
US to Invest $ 1 Bln in Pakistan Energys Ector was first posted on January 13, 2010 at 3:21 pm.
Pakistan Must Be Invest In Schools Rather Than Military: Hillary Clinton
August 22, 2009 by Trend PK
Filed under Breaking News
WASHINGTON: Pakistan’s fight with extremism would have been in better shape had the United States invested more in the nation’s schools not just its military, US Secretary of State Hillary Clinton said.
The United States has pumped more than seven billion dollars into Pakistan’s military since the September 11, 2001 attacks, which transformed the nation from Taliban backers into frontline US ally.
In an interview with a US magazine to be published Sunday, Clinton said she had told Pakistan’s former military leader Pervez Musharraf that more of the money should be going to education.
She recalled a trip to a Pakistani village, where families hesitated to children — particularly girls — because the children would need to travel away to the closest school.
“When I think about the extraordinarily accomplished Pakistanis in the professions, in medicine, in education, I think it is certainly the case that if Pakistan had invested more in the education of children so that poor families would not have sent their boys off to be educated by extremists, it might well have made a difference,” Clinton said.
“And it still can, because that’s part of our approach now,” she said.
US lawmakers have voted to provide 7.5 billion dollars for Pakistan over the next five years — largely in support for social development including building schools.
President Barack Obama’s administration has made the fight against Islamic extremism in Pakistan and neighboring Afghanistan a key foreign policy priority.
Pakistan Must Be Invest In Schools Rather Than Military: Hillary Clinton was first posted on August 22, 2009 at 10:49 am.
